ICICI Securities has set a target price of ₹600 for Leela Palaces Hotels and Resorts, based on a 22x EV/Ebitda on December 2027 earnings estimates for its hotels business
Leela Palaces, Hotels and Resorts has taken its first major step overseas with a 25 per cent stake in Sofitel The Palm FZE, a luxury beachfront property on Palm Jumeirah
When asked if the company was planning to divest its Chennai property, Chairman and MD Nair said, "We will take a decision on Chennai property shortly"
