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Thailand's Minor International plans majority stake in Leela hotels

A representative for Trinity White City Ventures confirmed the plan

Leela hotels
The Leela at Chanakyapuri in New Delhi. It is one of the most expensive hotels in the country

A consortium including Thailand’s Minor International Pcl is considering an investment of about $350 million in Indian hospitality firm Hotel Leelaventure Ltd., according to a person with knowledge of the matter. The proposed bid, which is also backed by investment firm Trinity White City Ventures, includes a mix of equity and debt, the person said. The consortium would end up with a majority stake in Mumbai-based Hotel Leelaventure if the transaction proceeds, the person said, asking not to be identified because the information is private. There’s no certainty ...