Summary:
- Leela launched a subsidiary to develop luxury hotels and resorts under “The Leela” brand.
- Incorporation was completed on Jan. 5, with operations expected to begin soon.
- Toronto-based Brookfield Corp. is the principal sponsor of Leela’s owner Schloss Bangalore.
LEELA PALACES HOTELS and Resorts incorporated a wholly owned subsidiary to own, operate, manage and develop luxury hotels and resorts under “The Leela” brand. The Ministry of Corporate Affairs issued the Certificate of Incorporation for Leela Imperial Suites Private Ltd on Jan. 5.
Toronto-based Brookfield Corp. is the principal sponsor of Bengaluru-based Schloss Bangalore, which acquired Leela in 2019. The company went public in May and is led by CEO Anuraag Bhatnagar.
“The main object of the company is to own, operate, manage and develop luxury hotels and resorts under ‘The Leela’ brand,” Leela Hotels and Resorts said in a regulatory filing, according to PTI.
Leela Imperial was incorporated on Jan. 5, and registered with the Registrar of Companies, Delhi, and has not commenced operations, the filing said. The company holds 100 percent of Leela Imperial’s share capital through its nominee shareholders.
The Leela Palaces, Hotels and Resorts was founded in 1986 by Capt. C. P. Krishnan Nair with the opening of The Leela Mumbai, according to its website. It now operates 13 properties with 3,544 rooms across 11 Indian cities, including New Delhi, Bengaluru, Chennai, Udaipur, Jaipur, Gurugram, Mumbai, Gandhinagar, Kovalam, Ashtamudi and Hyderabad.
With ten hotels in the pipeline, The Leela plans to expand to 23 properties with over 5,000 rooms in the next three years, entering destinations including Agra, Ayodhya, Bandhavgarh, Mumbai, Ranthambore, Sikkim, Srinagar, Dubai and Jaisalmer.
In October, Leela announced its first project outside India, a Dubai resort. The company will acquire a 25 percent stake on Palm Jumeirah, with Brookfield-managed private funds taking the remaining 75 percent. The transaction is expected to close in the third quarter of 2026.
Ahmedabad-based Nirma Group plans to develop a 555-room hotel along the Sarkhej–Gandhinagar Highway, expected to open before the 2030 Commonwealth Games.
