The Leela Palaces Hotels & Resorts acquires ultra-luxury resort in Coorg, Karnataka
Leela Palaces Hotels & Resorts · Leisure Services
Key highlights
- Acquired 100% ownership of a 71-villa ultra-luxury resort in Coorg spread across 76 acres for approximately ₹560 crore
- Resort features IGBC Platinum certification, 27,000 sq. ft. wellness center, 4 F&B outlets, 7-acre private lake, and helipad
- Coorg market fundamentals include 2x tourist growth post-Covid, proximity to Bengaluru, Mangaluru, and Mysuru, and 8% CAGR in passenger traffic at nearby airports since 2016
Why it's rated notable: amount is ₹500 crore or more
Original filing
The Leela Palaces Hotels And Resorts Acquires Ultra-Luxury Resort In Coorg, Karnataka
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Leela Palaces Hotels & Resorts
- Acquisition / mergerMajor developmentLeela Palaces Hotels & Resorts Ltd announces Q1 FY27 results and investment approval
- Acquisition / mergerNotableLeela Palaces approves acquisition of luxury resort business in Coorg by subsidiary
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Potential multibaggers · Q2 FY27
Potential multibaggers in Leisure Services
on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.