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Latest news about Leela Palaces Hotels & Resorts

Leela Palaces Hotels & Resorts Launches New Division 'Leela Essence Hospitality' 11 hours ago Today

Leela Palaces Hotels & Resorts has introduced a new business division called 'Leela Essence Hospitality'. This strategic move aims to diversify the company's hospitality offerings beyond its traditional luxury hotel operations. The new division is expected to enhance the company's service portfolio and expand its market presence in the hospitality sector.

Leela Palaces Hotels & Resorts Incorporates Wholly Owned Subsidiary Leela Essence Hospitality 20 hours ago Yesterday

Leela Palaces Hotels & Resorts Incorporates Wholly Owned Subsidiary Leela Nirvana Resorts 3 days ago

Leela Palaces Hotels & Resorts Acquires 25% Stake in Sofitel The Palm Dubai Nov 11, 2025

Leela Palaces Hotels & Resorts to Open Luxury Desert Resort in Jaisalmer by 2026 Nov 06, 2025

More news about Leela Palaces Hotels & Resorts

14Oct 25

Leela Palaces Hotels Targets Mid-to-High Teens EBITDA Growth for FY26, Reports Strong Q2 Performance

Schloss Bangalore reported robust Q2 FY26 results with total revenue up 11% to ₹3,334.00 million, EBITDA rising 17% to ₹1,607.00 million, and PAT growing to ₹747.00 million. The company aims for mid-to-high teens EBITDA growth in FY26. Plans include expanding from 13 to 22 properties in three years and acquiring a 25% stake in a Dubai luxury resort for ₹4,370.00 million. Q2 saw RevPAR growth of 13% to ₹13,262.00, occupancy increase to 69%, and ADR rise 7% to ₹19,290.00.

14Oct 25

Schloss Bangalore Reports Strong Q2 Performance, Announces Dubai Expansion

Schloss Bangalore announced robust Q2 financial results with revenue from operations up 11% to Rs 333.40 crore and EBITDA up 17% to Rs 161 crore. The company reported a net profit of Rs 75 crore. Operationally, revenue per available room grew 13%. The company also announced its expansion into Dubai's Palm Jumeirah, marking a significant step in its international growth strategy. Schloss Bangalore expects mid-to-high teens EBITDA growth for FY2026.

09Oct 25

Schloss Bangalore to Rebrand as Leela Palaces Hotels & Resorts Limited

Schloss Bangalore, a major hospitality industry player, has announced a corporate rebranding initiative. The company will change its name to Leela Palaces Hotels & Resorts Limited, effective October 13, 2025. The trading symbol 'Theleela' will remain unchanged. This rebranding aligns the company name more closely with its luxury hospitality business, potentially strengthening its market position in the high-end hotel and resort sector.

30Sept 25

Leela Palaces Promoters Secure $500 Million Loan, Encumber 75.91% Shareholding

Promoters of Schloss Bangalore have obtained a $500 million term loan facility from a consortium of international lenders, pledging 75.91% of the company's shares as collateral. The encumbrance involves 25,34,98,104 shares valued at $1.2 billion, providing a security cover ratio of 2.41. The loan proceeds will be used for payments to investors, repayment of shareholder loans, and transaction costs. The facility agreement includes covenants effective from September 19, 2025.

23Sept 25

Deutsche Bank Group Creates Encumbrance Over 75.91% Stake in Schloss Bangalore Limited for $500 Million Facility

Schloss Bangalore Limited has disclosed an encumbrance on 75.91% of its total share capital, representing 253,498,104 shares owned by seven promoter entities. This is part of a $500 million term loan facility agreement with multiple international lenders, including Deutsche Bank, Barclays, Morgan Stanley, and others. The encumbrance involves covenants on promoters' equity and a charge on 100% of the holding company's shares in the promoter entities. The agreement was signed on September 19, 2025, with Deutsche Bank AG Hong Kong Branch as the agent and DB Trustees (Hong Kong) Limited as the offshore security agent.

22Aug 25

Schloss Bangalore Ltd to Rebrand as Leela Palaces Hotels & Resorts, Reports Strong Q1 Performance

Schloss Bangalore Ltd, owner of The Leela luxury hospitality chain, announced plans to rebrand as Leela Palaces Hotels & Resorts Limited, pending approvals. The company reported impressive Q1 financials with standalone revenue of ₹93.00 cr (up 22% YoY), net profit of ₹35.00 cr (from ₹10.00 cr loss), and EBITDA of ₹44.00 cr (up 29% YoY). The Board also appointed new Secretarial Auditors and recommended re-appointment of Mr. Anuraag Bhatnagar as Whole-Time Director.

29Jul 25

Schloss Bangalore Reports Strong Q1 FY26 Results with 25% Revenue Growth and Positive PAT

Schloss Bangalore Limited, operator of The Leela Palaces Hotels and Resorts, reported impressive Q1 FY26 results. Total income increased 25% year-on-year to INR 301.00 crores, while EBITDA grew 63% to INR 128.00 crores. The company turned profitable with a PAT of INR 8.70 crores. RevPAR rose 20% driven by occupancy and ADR improvements. Schloss Bangalore signed an agreement for expansion in Mumbai's BKC and aims to reach INR 2,000.00 crores EBITDA by FY30. The company launched ARQ, an invite-only membership club, and acquired land in Udaipur for expansion.

25Jul 25

Schloss Bangalore Invests ₹67.5 Crores in BKC Luxury Project Joint Venture

Schloss Bangalore Limited is investing ₹67.50 crores in a joint venture luxury project in Mumbai's Bandra Kurla Complex. The project, in partnership with a Brookfield affiliate, includes a 250-key luxury palace hotel and a commercial tower. Schloss Bangalore will hold a 50% stake in the venture, acquiring shares through a rights issue at ₹100 per share. The project is set to enhance the company's presence in Mumbai's prime business district.

22Jul 25

Schloss Bangalore Limited Reports Best-Ever Q1 Performance with 25% Revenue Growth

Schloss Bangalore Limited (The Leela) achieved its strongest Q1 performance to date. Total revenue increased by 25% to ₹3,013.00 million, while EBITDA surged by 63% to ₹1,280.00 million. The company reported a positive PAT of ₹87.00 million, compared to a loss in the previous year. Operational metrics also improved, with RevPAR up by 20%, occupancy growing by 4 percentage points, and ADR improving by 13%. The company secured a land parcel in Mumbai's BKC for a new Leela Palace Hotel and maintains a strong balance sheet with a net debt-to-EBITDA ratio of 0.30x.

05Jun 25

Schloss Invests ₹10.52 Billion in Bangalore and Chennai Properties

Schloss, a prominent real estate player, has invested ₹10.52 billion in two key properties in southern India. The company allocated ₹4.70 billion to Schloss Chanakya in Bangalore and ₹5.82 billion to Schloss Chennai. This strategic expansion targets two of South India's dynamic real estate markets, positioning Schloss to capitalize on the increasing demand for high-quality real estate in these metropolitan areas.

04Jun 25

Schloss Bangalore Consortium Secures Prime BKC Plot for ₹1,302 Crore

A consortium led by Schloss Bangalore has acquired an 80-year lease for a prime commercial plot in Mumbai's Bandra Kurla Complex (BKC) for ₹1,302 crore. The deal was made with the Mumbai Metropolitan Region Development Authority (MMRDA). The consortium plans to develop a mixed-use project on the site, including a luxury hotel. This acquisition highlights BKC's continued appeal as a prime location for commercial and mixed-use developments in Mumbai.

03Jun 25

Schloss Bangalore Consortium Secures Prime BKC Plot for ₹1,302 Crore

A consortium led by Schloss Bangalore has acquired an 80-year lease for a prime commercial plot in Mumbai's Bandra Kurla Complex (BKC) for ₹1,302 crore. The deal with the Mumbai Metropolitan Region Development Authority (MMRDA) involves plans for a mixed-use project including a luxury hotel. This acquisition in the sought-after business district demonstrates long-term commitment and could set benchmarks for future developments in the area.

03Jun 25

Schloss Bangalore Secures Prime BKC Plot for Rs 1,302 Crore, Plans Luxury Hotel

Schloss Bangalore Ltd. has acquired an 80-year lease for an 8,411.88 square metre commercial plot in Mumbai's Bandra Kurla Complex for Rs 1,302.00 crore. The company plans to develop a 250-key luxury hotel and mixed-use projects on the site. This acquisition comes a day after the company's stock market debut, where it listed below its IPO price.