The Leela Palaces

What The Leela Palaces does

The Leela Palaces, Hotels and Resorts is India's only pure-play luxury hospitality company, founded in 1986 and headquartered in Mumbai. It operates a portfolio of 15 properties spanning palace hotels in heritage destinations (New Delhi, Bengaluru, Chennai, Jaipur, Udaipur), city hotels (Mumbai, Hyderabad, Gurugram, Gandhinagar), and leisure resorts (Kovalam, Ashtamudi, Coorg), with over 4,160 keys and a Dubai property at Palm Jumeirah marking its first international location. The company is majority-owned by Brookfield and listed on Indian stock exchanges (NSE/BSE: THELELA) following a 2026 IPO. Sub-brands include Aujasya (rhythm-based wellness philosophy), Arq By The Leela (ultra-luxury private membership club), and Icons of India (cultural ambassador initiative).

The core offering combines luxury accommodation with differentiated experiences: 18-month trained Palace Butlers, signature dining concepts (Jamavar, Le Cirque, Megu, ZLB23 speakeasy), Michelin Key recognition (Chennai), Condé Nast Traveler Triple Crown (New Delhi), and EDGE Advanced certification across five Palace properties. Distribution operates through direct booking (theleela.com with Best Rate Guarantee), GHA DISCOVERY loyalty network (950+ hotels globally, 1+ million Indian members), Preferred Hotels & Resorts (15-year strategic partnership), corporate sales teams for MICE, and branded residences/UHNWI real estate. Technology stack centers on a direct booking platform, mobile-exclusive offers (The Leela Mobile Privilege), and GHA DISCOVERY loyalty integration — conventional hospitality CRM rather than AI-native systems.

Revenue is generated across five streams: room revenue, food & beverage (including destination weddings and events), management fees and franchising (asset-right model with partners like The Godwin Group and SIBIN Group), branded residences, and MICE events. FY26 revenue reached ₹1,527 crore (+17.43% YoY) with PAT of ₹403 crore (8.5x jump), Q4 FY26 operating EBITDA margins at 55%, and a stated target of ₹2,000 crore EBITDA by FY30 driven by 20% RevPAR growth and portfolio expansion from 15 to 24 hotels over three years.

Name

The Leela Palaces

Legal name

Schloss HMA Private Limited

Website

https://theleela.com

Company type

Public

Founded year

1986

Operating status

Ipo

Headcount range

1,001–5,000 employees

Short description

The Leela Palaces is India's only pure-play luxury hospitality company, operating 15 palace, city, and resort hotels across India and Dubai. It serves affluent Indian travelers, UHNWIs, and corporate MICE clients with branded residences, wellness programs, and signature dining under Brookfield majority ownership.

Ownership category

akta.pro rank

Product category

Luxury Hospitality

NAICS

Traveler Accommodation (7211), Hotels (except Casino Hotels) and Motels (72111)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Heritage & Palace Luxury Hotels (THAGACAF)

akta.pro secondary industries

Luxury Villas & Residences Resorts (THAGACAM), Luxury Boutique & Lifestyle Resorts (THAGACAO), Urban & Downtown Full-Service Hotels (THAGAAAA), Luxury Villa Resorts & Branded Villa Communities (THAMAEAI)

Keywords

• Luxury hotel operations
• Palace hospitality services
• Branded residences management
• Wellness resort programs
• Corporate MICE events

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices13 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain, Others

Revenue model

1. Room Revenue: Revenue from luxury hotel room bookings across 15 properties in India and Dubai, with rooms ranging from standard luxury to ultra-luxury villas and branded residences.
2. Branded Residences: Expansion into branded residences and serviced apartments using asset-light models to generate income from brand fees, sales, and management services. The Leela Ambience Gurugram Hotel & Residences exemplifies this model.
3. Food & Beverage: Multi-outlet dining strategy including signature restaurants (Le Cirque, Jamavar, Megu), bars (ZLB23 at Bengaluru ranked #31 Asia's 50 Best Bars), and experiential dining. Strong F&B revenue from destination weddings and events.
4. Management Fees & Franchising: Asset-right model with management contracts and franchise agreements including The Godwin Group (Jaisalmer), GD Goenka partnership, and Associated Hotels like Hotel Leelaventure Limited (The Leela Mumbai).
5. Meetings & Events (MICE): Corporate events, weddings, and celebrations with venues like The Leela Ambience Convention Hotel Delhi (overlooking Mahatma Mandir Convention & Exhibition Centre). Royal Meetings package offers group corporate rates.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

The Leela Palaces operates a portfolio of luxury palace, city, and resort hotels across India and Dubai, offering accommodation, fine-dining restaurants and bars, meeting/event spaces, wellness programs (Aujasya), a multi-property loyalty program (Leela DISCOVERY), branded residences, and curated leisure packages. Revenue is primarily generated from luxury room rentals, food and beverage outlets (Le Cirque, Jamavar, ZLB23), corporate MICE events, destination weddings, and management/franchise fees for third-party-operated properties.

Product overview

The Leela Palaces, Hotels and Resorts is India's only pure-play luxury hospitality brand offering a portfolio of Palace hotels, city hotels, and resort properties. The core offering consists of Palace hotels in iconic destinations (New Delhi, Bengaluru, Chennai, Jaipur, Udaipur), city hotels in metropolitan areas (Mumbai, Hyderabad, Gurugram, Gandhinagar), and resorts in leisure destinations (Kerala's Kovalam and Ashtamudi, newly opened Coorg Forest Sanctuary). The portfolio spans 15+ properties with plans to expand to 24 hotels by 2029. Supporting the accommodation offerings are wellness experiences (Aujasya by The Leela), signature dining concepts (Jamavar, Le Cirque, The Azulian House), the Leela DISCOVERY loyalty program, The Leela Palace Service butler offering, and curated travel packages (Royal Summer Escape, Time Travel with The Leela, Lake and Beach Ecstasy). The brand also operates The Leela Centre of Excellence for talent development and Arq By The Leela private membership club. The architecture and service are rooted in the philosophy of Atithi Devo Bhava (Guest is God) and emphasize Indian heritage through art, architecture, and culinary experiences.

Differentiator

Problem solved

Functional benefit

Brands

• Aujasya by The Leela: Rhythm-based wellness philosophy rooted in ancient Indian principles, offering integrated wellness experiences including nutritional programs, signature rituals, and Trinity of Balance framework (Shakti, Shanti, Soumya)
• Arq By The Leela
• The Leela DISCOVERY
• Leela Centre of Excellence
• Icons of India by The Leela

Products and services

• The Leela Palace Hotels Luxury palace hotels in iconic destinations including New Delhi, Bengaluru, Chennai, Jaipur, and Udaipur, featuring regal architecture, lakeside and city views, and culturally immersive experiences rooted in Indian heritage. Targeted at affluent leisure travelers, UHNWIs, corporate MICE, and destination wedding clients.
• The Leela City Hotels Urban luxury hotels in metropolitan areas including Mumbai, Hyderabad, Gurugram, and Gandhinagar offering business and leisure hospitality services with rooms, dining, and event spaces.
• The Leela Resorts Tranquil beach and backwater resort properties in Kerala including The Leela Kovalam (67-acre beachfront with heritage Halcyon Castle) and The Leela Ashtamudi (lakeside with Raviz Palace heritage wing), offering leisure and wellness-focused hospitality.
• The Leela Coorg Forest Sanctuary Ultra-luxury 71-villa wellness sanctuary resort spanning 76 acres in Coorg near Madikeri, surrounded by coffee and spice plantations. The brand's first nature-led Sanctuary property positioned for UHNW travelers seeking wellness and immersive nature experiences.
• The Leela Ambience Convention Hotel Delhi Large-scale convention and conference facility hotel in Delhi, part of The Leela portfolio serving MICE and corporate event needs, overlooking Mahatma Mandir Convention & Exhibition Centre.
• The Leela Ambience Gurugram Hotel & Residences City hotel with branded residences in Gurugram, featuring The Green House hydroponic garden and sustainable farm-to-fork dining initiatives. Targeted at UHNW buyers seeking branded residences with hotel services.
• The Leela Palm Jumeirah, Dubai The Leela's first international hotel property located on Palm Jumeirah, Dubai, marking the brand's global expansion outside India as part of its FY26 growth from 15 to a planned 24 hotels.
• Leela DISCOVERY Loyalty Program Free loyalty program allowing members to earn DISCOVERY Dollars on hotel spend, redeemable for stays, meals, or spa treatments. Features premium levels (Gold, Platinum, Titanium) with room upgrades and late check-out benefits recognized across 950+ Global Hotel Alliance hotels worldwide. 1+ million Indian members as of 2025.
• Royal Meetings (Corporate MICE Package) Corporate event package offering residential meetings and special corporate events at Leela properties, requiring minimum 10 rooms on peak nights. Benefits include complimentary room night on every 20 room nights, suite upgrades, double loyalty points for Leela Advantage members, curated Hi-Tea, and 5% credit back on total billing.
• The Leela Jaisalmer 80-room luxury desert resort and spa in Jaisalmer, Rajasthan, on 30 acres of desert landscape managed under agreement with The Godwin Group, expanding The Leela's leisure and cultural circuit presence in Rajasthan.

Quantifiable outcome

• Revenue grew 17.43% to ₹1,527 crore in FY26 with net profit of ₹403 crore, an 8.5-fold jump from FY25
• +4 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

14 partnerships are on record, tiered core, strategic and minor.

• Le Cordon BleucoreStrategic or Co-development Partner · 13 May 2026Strategic partnership for Leela Centre of Excellence (LCoE) training over 3,000 hospitality professionals. Initiative addresses talent shortage in India's luxury hospitality sector while supporting company's expansion from 15 to 24 hotels over three years.
• GD Goenka UniversitycoreStrategic or Co-development Partner · 13 May 2026Academic partnership for Leela Centre of Excellence focusing on leadership capabilities, operational excellence, and service standards. Part of company's future-ready talent pipeline development.
• Global Hotel Alliance (GHA)coreChannel Partner/ Reseller/ Distributor · 26 March 2026GHA DISCOVERY loyalty program partnership with 950+ member hotels globally. Indian membership exceeds 1 million, growing 53% in 2025. Indian members generated US$75 million in global hotel revenue in 2025, up 25% year-on-year. The Leela co-presents at Skift India Intelligence Summit highlighting India's travel potential.
• Pai Vista HotelsstrategicOEM/ Whitelabel/ Licensing Partner · 17 March 2026Acquisition of ultra-luxury resort business undertaking from Pai Vista Hotels for ₹560 crore. 71-villa property on 76 acres near Madikeri, Coorg, to open as The Leela Coorg Forest Sanctuary.
• BMW Excellence ClubminorGTM or Marketing Partner · 11 February 2026Luxury Mobility Partner for #PoloInThePinkCity and The Leela Maharaja Sawai Man Singh Polo Cup 2026 at Rajasthan Polo Club. Supports brand's heritage and luxury positioning through polo sponsorship.
• Hibiki WhiskyminorGTM or Marketing Partner · 11 February 2026Celebrations Partner for #PoloInThePinkCity and The Leela Maharaja Sawai Man Singh Polo Cup 2026. Contributes to luxury hospitality experience at polo events.
• The Godwin GroupstrategicOEM/ Whitelabel/ Licensing Partner · 6 November 2025Management agreement signed for The Leela Jaisalmer, a luxury desert resort and spa in Rajasthan. 80-room property on 30 acres of desert landscape scheduled to open in 2026, expanding The Leela's leisure and cultural circuit presence in Rajasthan.
• Indian School of Hospitality (ISH) / Les RochescoreStrategic or Co-development Partner · 3 September 2025Partnership for Leela Leadership Development Programme (LLDP), a 15-month immersive learning journey to develop future General Managers and senior leaders. Class of 2027 applications open. 52% women in graduating batches.
• Culinary CulturestrategicStrategic or Co-development Partner · 25 April 2025Partnership for Michelin-starred chef events including Massimo Bottura's South India debut at The Leela Palace Bengaluru. Exclusive sold-out dinners showcasing world-class culinary collaborations.
• Minor HotelsstrategicChannel Partner/ Reseller/ Distributor · 19 March 2025GHA alliance partnership showcasing India as thriving hub for luxury hospitality. Anantara Jewel Bagh Jaipur opened as Minor Hotels' India debut, with GHA DISCOVERY membership growing 18% in India.
• Dean With UsstrategicStrategic or Co-development Partner · 18 March 2024Partnership for Shefs at The Leela initiative celebrating women chefs in culinary leadership. Seven editions hosted at various Leela properties with Rupali Dean and Akanksha Dean. Evolved into structured culinary development programme.
• SIBIN GroupstrategicOEM/ Whitelabel/ Licensing Partner · 5 December 2023Management agreement for 140-room hotel in Ranka, Sikkim, marking The Leela's foray into Northeast India. 17-acre plot overlooking Gangtok Hill, approximately 10 km from capital city. Scheduled to open December 2026.
• Preferred Hotels & ResortsstrategicChannel Partner/ Reseller/ Distributor · 27 October 202315-year strategic partnership with Preferred Hotels & Resorts. The Leela Kovalam, Ashtamudi, and Gandhinagar joined Preferred portfolio. Udaipur and Bengaluru part of Beyond Green sustainable hotels collection.
• BPBKC Properties Pvt LtdstrategicOEM/ Whitelabel/ Licensing PartnerCompany announced plans to acquire BPBKC Properties Pvt Ltd for up to ₹1 crore to explore investment opportunities in hospitality and real estate sectors, particularly for Mumbai BKC expansion.

Scale indicators11 records

Recent moves11 records

Expansion highlights7 records

Broad incumbents

• Hyatt Hotels Corporation: Operates Park Hyatt and Andaz luxury properties in India, competing for the same business and leisure luxury travelers with global loyalty (World of Hyatt).
• Hilton Worldwide: Global hospitality major with Conrad and Waldorf Astoria luxury flags in India; relevant peer for international inbound and loyalty program benchmarking against GHA DISCOVERY.
• Marriott International: Global hotel major with luxury brands (Ritz-Carlton, St. Regis, JW Marriott) operating in India; competes in the same UHNW segment but with much broader global distribution.
• ITC Hotels: Diversified Indian hospitality operator (ITC Mughal, ITC Grand Bharat, ITC Maurya) with luxury tier offerings; broader portfolio across price points makes it an incumbent peer.

Emerging players

• Aman Resorts: Ultra-luxury resort brand with Amantaka and Aman New Delhi; competes for the same UHNW and destination wellness traveler, particularly relevant given Leela's Aujasya and Coorg Sanctuary wellness push.

Direct peers

• EIH (Oberoi Hotels & Resorts): Another leading Indian luxury hotel chain (Oberoi, Trident) competing head-to-head with Leela in Delhi, Mumbai, Bengaluru and Jaipur for the same luxury traveler segment.
• Four Seasons Hotels and Resorts: Global luxury hotel leader with Four Seasons Hotel Mumbai; comparable on ultra-luxury positioning, ADR levels, and service-quality benchmarks for Indian luxury travelers.
• Raffles Hotels & Resorts: Luxury heritage hotel brand (Raffles Singapore, Raffles Udaipur) with strong palace-style positioning; direct competitor to Leela Palace Udaipur and a benchmark for branded residences strategy.
• Rosewood Hotels & Resorts: Ultra-luxury hotel group operating Rosewood Bangkok and other Asia properties; comparable on palace/heritage luxury positioning and branded residences model.
• The Indian Hotels Company (Taj Hotels): Tata Group-owned Indian luxury hospitality operator with palaces (Taj Lake Palace Udaipur, Rambagh Palace Jaipur) directly comparable to Leela's palace portfolio and similar exposure to UHNW domestic travelers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/theleelahotels
• YouTubeyoutube.com/user/LeelaHotelsOfficial
• Facebookfacebook.com/theleela
• LinkedInlinkedin.com/company/148669
• Instagraminstagram.com/theleela

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Leela Palaces