The Leela Palaces acquires resort in Coorg in a deal worth Rs 560 crores
Luxury hospitality brand The Leela Palace has acquired an ultra-luxury resort in Coorg, Karnataka. The resort is purchased from the undertaking of Pai Vista Hotels Pvt—Ltd in a deal worth Rs 560 crores.
Spread over 76 acres, the property comprises 71-villas and is located near Madikeri in the Western Ghats. It will be launched later this year as The Leela Coorg Forest Sanctuary with expansion to 90 villas.