March 18, 2019 / 12:03 PM / 6 months ago

India's Hotel Leela Venture to sell hotels, property to Brookfield for $576 mln

March 18 (Reuters) - India’s Hotel Leela Venture Ltd said on Monday it would sell four of its hotels and a property to a fund sponsored by Canada’s Brookfield Asset Management for 39.50 billion rupees ($576.41 million).

The company will here sell four Leela hotels at Bengaluru, Chennai, Delhi and Udaipur and its property in Agra to Brookfield. ($1 = 68.5275 Indian rupees) (Reporting by Chris Thomas in Bengaluru; Editing by Shreejay Sinha)

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