LEELA GROUP – RTN asia

Hotel Leelaventure misses interest payment to LIC, says exploring asset sale

2018-09-20 | Trisha Thomas

Hotel Leelaventure, one of India’s biggest hotel groups, said it missed yet another interest payment on debt issued to Life Insurance Corporation of India. “The company has defaulted in payment of quarterly interest of Rs 212.67 lakhs, which was due on 19 September, 2018,” it said in a statement. Leela had raised debt of Rs […]

Leisure hotels prosper, business hotels feel the pain in India

2016-06-272016-06-27 | Geethu Oliyil

Leisure hotels in India seem to be doing very well, going by annual numbers from The Leela group, while the slowdown in economic growth seems to be taking their toll on business hotels. The annual investor presentation by Leela, one of India’s biggest luxury hotel chains, brought out a clear dichotomy in growth between the […]