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Brookfield to check into Hotel Leela Venture for Rs 3,950 crore

Home - Noesis in News - Brookfield to check into Hotel Leela Venture for Rs 3,950 crore

Brookfield to check into Hotel Leela Venture for Rs 3,950 crore

Bringing curtains down on months of negotiations, Hotel Leela Venture on Monday said it had inked a binding agreement with a fund sponsored by Canada’s Brookfield Asset Management for a slump sale of four hotels, property in Agra and hotel management contracts.

This will be for a transaction value of Rs 3,950 crore. The promoters of the Leela brand would also be transferring the brand to Brookfield for all hospitality businesses.

Read More : https://www.business-standard.com/article/companies/brookfield-to-check-into-hotel-leela-venture-for-rs-3-950-crore-119031900067_1.html?

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