The Leela's Grand Leap: 7 New Luxury Havens

The Leela Palaces, Hotels and Resorts, owned by Brookfield Asset Management, is set to expand its luxury hospitality portfolio with seven new properties by 2028. These additions—spanning heritage, spiritual, wellness, and nature-centric destinations—will bring over 678 rooms to the group’s existing inventory.

The expansion strategy includes a mix of owned and managed assets, currently at different stages of acquisition and development.

Since Brookfield's acquisition of The Leela in 2019 for ₹3,950 crore, the brand has grown from 8 to 13 properties, increasing its total room count from 2,495 to 3,553. Of these, five hotels are owned, seven are managed, and one is franchised through a third-party owner.

The brand is managed by Schloss Bangalore, which is preparing for a ₹3,500 crore IPO this month. The offering consists of ₹2,500 crore in fresh equity and a ₹1,000 crore stake sale by promoters—down from the originally planned ₹5,000 crore, reflecting the company’s strong financial performance and improved cash flows.

Looking ahead, The Leela is focusing its growth on high-potential segments such as Mumbai, wellness retreats, wildlife destinations, and spiritual hubs to attract both domestic and international travelers.

News by Rahul Yelligetti.