Brookfield Boosts Leela Palaces with INR 1,500 Crore Investment

08 Sep 2023 CW Team

Brookfield Asset Management, a prominent global investor, is set to infuse an additional INR 1,500 crore into The Leela Palaces, Hotels, and Resorts business. This significant investment reaffirms Brookfield's commitment to the luxury hospitality sector in India.

The fresh capital injection comes as the Indian hospitality industry shows signs of recovery after facing challenges during the COVID-19 pandemic. The Leela Palaces, known for their opulent and world-class properties, will utilise these funds to enhance their existing offerings and potentially expand their footprint in India's burgeoning luxury hospitality market.

This move aligns with Brookfield's strategy to invest in high-quality assets with growth potential. The Leela brand, with its legacy of delivering exceptional guest experiences, fits well within Brookfield's portfolio of investments across various sectors.

As the Indian economy continues to rebound, this substantial investment by Brookfield in The Leela Palaces underscores the confidence in the long-term prospects of the luxury hospitality industry in India.

Infrastructure Transport

11 May 2026

RAHSTA 2026 to Host Certified Highway Construction Masterclass

RAHSTA 2026 will organise the Certified Highway Construction Masterclass, a specialised two-day corporate training programme for highway construction professionals, on July 8–9, 2026, at the Jio World Convention Centre.The Masterclass will be delivered by RASTA – Center for Road Technology and supported by Construction World and FIRST Construction Council.Designed as an industry-led refresher programme, the Masterclass aims to help engineering and project teams stay updated with the latest advancements in highway construction, pavement technologies, sustainable materials, intelligent compa..

Grand Mercure Mysuru Turns 10; BHVL to Invest Rs 1,000 Crore in Karnataka

Brigade Hotel Ventures Limited (BHVL) has marked the 10th anniversary of its flagship property, Grand Mercure Mysuru, by announcing a major investment plan of around Rs 1,000 crore in Karnataka over the next five years. The company said the investment will be directed towards new hospitality projects as well as modernisation of existing assets, aligning with the evolving demand for experiential tourism.The announcement comes as BHVL reiterated its focus on strengthening Mysuru’s position as a prominent global tourism destination by supporting the local micro-economy and adopting sustainable ..

Ottobock and Celcius Set Up Prosthetics Warehouse in India

Celcius Logistics, a domestic third-party logistics (3PL) company specialising in end-to-end cold-chain solutions, has partnered with Ottobock India, the Indian arm of Germany-based Ottobock, to establish a dedicated prosthetics warehouse and logistics distribution hub in India. As part of the collaboration, a technology-enabled facility has been launched in Thane to streamline storage and nationwide movement of prosthetic and assistive devices.The dedicated warehouse is expected to strengthen the medical supply chain by reducing turnaround time and improving access to prosthetic products acro..