The Leela Palaces, Inns and Resorts has acquired an ultra-luxury resort in Coorg for as much as ₹560 crore to increase its wellness portfolio. The acquisition is a droop sale of the Coorg enterprise of Pai Vista Inns Pvt. Ltd, together with all property, land, and liabilities as a going concern, in line with an alternate submitting on Monday.
The transfer aligns with the corporate’s acknowledged technique to stay a ‘area of interest, pure-play luxurious’ model even because it scales. In an earlier interplay in 2025, chief government Anuraag Bhatnagar had advised Mint the corporate would proceed to deal with high-end hospitality with out diluting its positioning. “Ours can be a distinct segment, full luxurious resort providing.”
The 71-villa property, unfold throughout 76 acres close to Madikeri within the Western Ghats, can be launched later this yr as The Leela Coorg Forest Sanctuary. The corporate plans to increase the stock to 90 villas in phases.
In its January earnings name, the corporate’s prime government stated it began FY25 with 3,500 rooms and added 250 rooms via its Mumbai acquisition within the first quarter of FY26. Within the second quarter, it added 546 rooms in Dubai and, within the third quarter, an additional 80 keys in Jaisalmer.
This progress mirrored a powerful pipeline and ongoing deal exercise, with the corporate saying it stays on observe to satisfy its FY30 Ebitda steerage of ₹2,000 crore.
He had earlier additionally advised Mint that the model instructions a premium over friends within the phase. The Leela has been growing its deal with experiential, destination-led journey, significantly in areas accessible from key city centres akin to Bengaluru and Mangaluru, the corporate stated in a press release. Rising incomes and higher connectivity are driving a structural shift towards experience-led luxurious consumption.
With the addition of the Coorg asset, The Leela will now function 15 properties with over 4,100 rooms. It has a pipeline of 9 resorts and is concentrating on growth to 24 properties over the subsequent three years throughout markets akin to Agra, Ayodhya, Bandhavgarh, Mumbai, Ranthambore, Sikkim, Srinagar and Jaisalmer.