India’s Leela Hotels Goes International: Next Stop, Dubai
Photo Credit: Exterior view of The Leela Bhartiya City Bengaluru. The Leela
Skift Take
India’s homegrown hotel brands are no longer content to play only on home turf. As travel demand rises and global hospitality markets diversify, they’re stepping onto the world stage.
Leela Palaces Hotels & Resorts has received approval from its board to acquire a 25% stake in an operational beachfront resort on Dubai’s Palm Jumeirah at approximately $49 million. The remaining 75% stake will be acquired by private funds managed by Brookfield Asset Management.
The 546-key resort will be converted into The Leela-branded resort, making this the luxury hotel chain’s first international venture. “The Palm Jumeirah is one of the most well-established and supply constrained luxury hospitality destinations in the world, with more than 5 million annual tourists and the highest concentration of $1M+ homes in Dubai,” the company said.
The resort also has 182 residences and three villas. These will also be rebranded to The Leela’s residences, a new category that the hotel chain ventured in
