A Brookfield-Leelaventure deal to attract more such check-ins, say analysts

Branded hotels in India reported a nationwide occupancy of 66.6% in 2017-18, the highest in a decade, according to a report

The proposed deal between Brookfield Asset Management and debt-laden Leelaventure would pave the way for more consolidation through mergers and acquisitions in India's hospitality sector, say analysts.

Brookfield's proposed entry into the hospitality sector would open up the sector for similar investments into other assets by Canada-based firms and also evince interest from other private equity funds. 

"If you have a new buyer in town, it will buy more assets and not pause with just one asset. Just like a Blackstone opened up the market for office space, a Brookfield may open up the market for hospitality," said Shobhit Agarwal,