The Leela Hotels Acquires Coorg Resort for Up to ₹560 Crore, Expanding Nature-Led Luxury Portfolio

The Leela Palaces, Hotels and Resorts Acquires Ultra-Luxury Resort in Coorg for ₹560 Crore

Key Highlights:

• The Leela Palaces, Hotels and Resorts has acquired Pai Vista Hotels Pvt. Ltd's Coorg undertaking in a slump sale for up to ₹560 crore.
• The acquisition aligns with the company's strategy to remain a 'niche, pure-play luxury' brand while scaling.

Acquisition Details:

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• The 71-villa property, spanning 76 acres near Madikeri in the Western Ghats, will be rebranded as The Leela Coorg Forest Sanctuary.
• The company plans to expand the inventory to 90 villas in phases.

Company Performance:

• The Leela has grown its inventory by 3,500 rooms to 4,100 rooms, with a further 1,076 rooms added in FY26 through acquisitions in Mumbai, Dubai, and Jaisalmer.
• The company remains on track to meet its FY30 Ebitda guidance of ₹2,000 crore.

Expansion Plans:

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• The Leela operates 15 properties with over 4,100 rooms and has a pipeline of nine hotels.
• The company targets expansion to 24 properties across markets such as Agra, Ayodhya, Bandhavgarh, Mumbai, Ranthambore, Sikkim, Srinagar, and Jaisalmer over the next three years.