Most beautiful 5-star hotel in Udaipur, Leela gets sold, Brookfield purchases for 2.13 billion

Udaipur: One of the most beautiful cities in the world, the five-star Hotel Leela situated on the backside of Udaipur in Rajasthan has been purchased from Hotel Leela Ventures for Rs 2 billion 13 lakhs. The government has also received a stamp duty of more than 16 crores from this deal. The company had previously presented purchase papers for 1 billion and 87 lakh rupees, but in the appraisal, the value of this property came to about 2 billion 13 lakh rupees.

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DIG Stamp Shweta Fagedia has informed that the team has been prepared for the evaluation by the registration office team after inspecting 80 luxury rooms, flats, parking areas, etc. of Hotel Leela Ventures. According to the officials of the Registration Office-2, the Leela Hotel Palace Udaipur has been traded between the Transfer Agreement Sclos Udaipur Private Limited, Brookfield Group of Canada.

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Let us tell you that the Mumbai Stocks Exchange had issued a notification that the business of Hotel Leela Ventures has now been bought by the Brookfield Company. A business transfer agreement has also been signed between the two. On March 18 and August 10, 2019, Hotel Leela Ventures also mentions in the Postal Wallet notice that their business has been bought by Brookfield.

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