Vivek Nair

The hotel, which will be ready in next 30 months, will be built by Qatar‘s Al Faisal Group and will be operated by Hotel Leela Group, says Vivek Nair, VC and MD, Hotel Leela.

Hotel Leelaventure completes Rs 725 cr sale of Goa property

"The disinvestment of the Goa hotel and retaining the management of the hotel under the Leela brand is in line with our strategy to restructure our debt, follow an asset light model and manage more hotels," Hotel Leelaventure CMD Vivek Nair had said in a statement.

May consider asset or stake sale to further cut debt: Leela

Hospitality chain Hotel Leelaventure has entered into a pact with Malaysia-based MetTube to sell Goa property for a consideration of Rs 725 crore as part of its debt restructuring process.

Hotel Leela to renegotiate with lenders for bridge loan

"... the Company at its meeting held on March 12, 2014, considered the progress on the sale of assets and indicative term sheets for a bridge loan and resolved that the terms of the loan do not meet the Company's requirements," the company said in a filing to BSE.

Hotel Leela surges 15% on sale of IT park building

Hotel Leela Venture rallied as much as 15 percent in early trade on Tuesday as the company sold its IT park building in Chennai.

Hope to reduce debt of Rs 2,750 crore soon: Hotel Leela

Forex loans raised by infrastructure and manufacturing companies can be used to retire rupee loans. Now, hotel companies too could do the same. This facility of replacing expensive rupee loans with cheap foreign exchange loans was extended to hotel companies as well.

Hotel Leela sees Rs 620 cr from sale of non-core assets

Debt ridden Hotel Leela Venture expects to receive Rs 620 crore from sale of non-core assets.

Leela Palace plans to add 1,500 rooms in 5 years

The Leela Palaces Hotels and Resorts today said it plans to add up to 1,500 rooms in the next five years, taking the total to 3,500.

10 Indians in Forbes '30 under 30' list

10 Indian-origin young turks share the space with likes of Facebook founder Mark Zuckerberg in Forbes' '30 under 30' list.

Kovalam deal will bring down debt-equity ratio: Hotel Leela

On Wednesday, Hotel Leela Venture signed a pact with Travancore Enterprises to transfer its hotel property in Kerala to a special purpose vehicle (SPV). Hotel Leelaventure's vice-chairman Vivek Nair told CNBC-TV18 that the major reason to sell their Kerela hotel property was to reduce their debt burden.

See no takeover threat from ITC: Hotel Leela

CNBC-TV18’s Nayantara Rai caught up with Leela's vice chairman and managing director Vivek Nair at the opening of the new hotel and asked him whether ITC's near 13% stake in Leela was seen as a threat and if the company was ringfencing itself from a possible takeover.

Hotel Leela to foray into real estate development

In an exclusive interview with CNBC-TV18, Vivek Nair vice-chairman of Hotel Leela confirms that the company is all set to foray into real estate development in order to cut its debt. The conversion of land banks into up market residential homes in Bangalore, Hyderabad and Pune is believed to raise Rs 950 crore for the company.