Leela Hotel, Goa acquired by Raj Bagri - Biggest single property deal in hospitality.
Q. Name the biggest single property deal in the Indian hospitality sector -- Published on 21 Sep 15a. Leela Hotel, Goa acquired by Raj Bagri
b. Radisson Blu Resort & Spa, Alibaug, being acquired by Radhakishan Damani
c. Investment group SAMHI Hotels' acquisition of Four Points by Sheraton,
d. Vizag and ITC's acquisition of luxury property Park Hyatt Hotel, Goa.
ANSWER: Leela Hotel, Goa acquired by Raj Bagri
India origin London based businessman Raj Bagri is purchasing the Leela Hotel, Goa for INR 725 crore in the single biggest property deal in the Indian hospitality sector. This is also the latest acquisition by Bagri, promoter of Metdist Group who owns metal assets in Malaysia and other parts of the world. He acquired denim brand Spykar in 2014. The hotel will now change hands from Nairs owned Hotel Leela Venture to Metdist while former will continue to manage the hotel that will retain the name Leela. Ceres Hotels, a local unit of Metdist Group will acquire Leela Goa marketing the entry into the hospitality sector in the third largest economy in Asia. The Leela Goa was built in 1991 and is one of the top performing hotels in the hospitality sector.
