Leela Palaces moves outside India with Dubai investment
🏨 Leela Palaces, Hotels, and Resorts is expanding to Dubai, marking its first project outside India. By Q3 2026, they will acquire a 25% stake in a 23-acre beachfront resort on Palm Jumeirah, with Brookfield managing the remaining 75%. The resort includes 546 keys, comprising a hotel, residences, and villas, with a purchase price of $504 million. Dubai, a top tourism destination, attracted over 19 million visitors in 2024. The investment uses non-recourse debt and aims for returns within 2–3 years.
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