Moneycontrol
    Moneycontrol PRO
    LAMF
    LAMF

    Vivek Nair

    Jump to

    • Eyeing revenue of Rs 90 crore from Agra property: Hotel Leela

    • Hotel Leelaventure completes Rs 725 cr sale of Goa property

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

    • Hotel Leela to renegotiate with lenders for bridge loan

    • 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.

    Advisory Alert:

    It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347