The Leela Palaces, Hotels and Resorts
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|Traded as||BSE: 500193 |
|Founded||Mumbai, India (1983)|
|Vivek Nair, (CMD) |
Dinesh Nair, (JCMD)
Rajiv Kaul, (President)
|Products||Hotels and resorts|
|Revenue||₹714 crore (US$99 million) (2017)|
|Owner||The Leela Group|
The Leela Palaces, Hotels and Resorts, commonly known as The Leela, is an Indian luxury hotel chain, founded in 1986 by C. P. Krishnan Nair, and owned by The Leela Group. Currently, The Leela is a group of nine luxury palaces and hotels.
The Leela Hotels were founded by C P Krishnan Nair, owner of The Leela Group, which he named after his wife. Nair bought 11 acres of land near his house in Sahar Village, Mumbai to build his first hotel, The Leela Mumbai, in 1986. It was the first luxury hotel near the current Chhatrapati Shivaji International Airport.
In 1991 a second hotel was opened in Goa. The Leela Goa was designed keeping the overall architecture of the state in mind. The luxury seaside resort has taken its inspiration from Portuguese heritage and is spread over 75 acres of land in South Goa near by Cavelossim Beach.
In 2001 the group's first modern hotel was built with 357 rooms in the IT capital of India, Bangalore, inspired by the Mysore Palace and the architecture of the 13th century Vijayanagara empire, and is surrounded by seven acres of gardens. The Leela Group opened its second resort in 2005 - The Leela Kovalam in Thiruvananthapuram. By 2009, two more properties were added to this portfolio: in Udaipur (Rajasthan) and Gurgaon. The Leela Kempinski Gurgaon is the group's first non-owned, managed property. The Leela Palace New Delhi opened in April 2011; the palace is inspired by Sir Edwin Lutyens Delhi. The group opened a new hotel in Chennai in 2013. There are plans to open new hotels in Coimbatore, Agra, Lake Ashtamudi (Kollam, Kerala) and Jaipur.
The company has marketing alliances with US-based Preferred Hotels and Resorts and is a member of Global Hotel Alliance based in Geneva, Switzerland. A previous marketing alliance with Germany-based Kempinski ended in October 2013.
The Leela Palaces, Hotels and Resorts is the trading name of Leela Palaces and Resorts Limited. Hotel Leelaventure Limited is the ultimate holding company of the hotel group, and is traded on the Bombay Stock Exchange (BSE: 500193) and National Stock Exchange of India (NSE: HOTELEELA). Hotel Leelaventure Limited is itself part of The Leela Group business conglomerate.
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