Hotel Leela

Tata group's hospitality firm Indian Hotels Company Ltd (IHCL) on Friday reported a 29 per cent on-year jump in net profit at Rs 582.32 crore for three months ended December 2024, driven by the consolidation of air and institutional catering business. This was in comparison to Rs 451.95 crore in the corresponding quarter of the preceding fiscal. Also, the company's total income surged by 29 per cent to Rs 2,592 crore in the quarter under review, from Rs 2,003.64 crore in the October-December quarter of the preceding fiscal (FY24), the company said in a regulatory filing. Puneet Chhatwal, Managing Director and CEO, IHCL, attributed the strong quarterly performance to consolidation of air and institutional catering business. "Q3 marks 11 consecutive quarters of record performance with the hotel segment reporting a strong revenue growth of 16 per cent... The revenue performance was driven by 40 per cent increase in new businesses, not like-for-like growth and double-digit growth in sa

The man identified as Mahamed Sharif fled with hotel valuables and without settling his outstanding bills causing a huge loss to the hotel worth Rs 23,46,413

The police were immediately alerted after which a dog squad and Bomb Detection and Disposal Squad (BDDS) rushed to the spot and evacuated people from the hotel.

The memorandum and articles of association of the company stands amended pursuant to change of name of the company, it added

In April, the board of debt-ridden Hotel Leela had floated an ordinary resolution for sale of its assets to Canadian investment firm Brookfield for Rs 3,950 crore

In April, the board of debt-ridden Leela had floated an ordinary resolution for sale of its assets

NCLT adjourns hearing on maintainability of ITC's petition against the hospitality firm to June 18