Hotel Leelaventure Ltd may sell at least 24% stake to a financial investor to reduce debt as it charts an asset-light model for expansion, the luxury hotel chain’s top executive said.
“We are talking to three to four international investors, who recognize our expertise in running hotels,” said Vivek Nair, chairman and managing director of the firm, which owed lenders Rs.5,033.81 crore on 31 March.
