The Leela acquires Coorg resort for up to ₹560 crore, deepens push into nature-led luxury

Leela Palaces, Hotels and Resorts has acquired an ultra-luxury resort in Coorg. ₹560 crore to expand the wellness portfolio. This acquisition marks the quick sale of Pai Vista Hotels Pvt.’s Coorg venture. Ltd is listed as a going concern with all its assets, lands and liabilities, according to a stock exchange filing on Monday.

The move is in line with the company’s stated strategy to remain a “niche, pure luxury” brand even as it scales. In an earlier interaction in 2025, CEO Anuraag Bhatnagar had said: Mint The company will continue to focus on high-end hospitality without compromising its position. “Ours will be a niche, complete luxury hotel offering.”

The 71-villa property, spread across 76 acres near Madikeri in the Western Ghats, will be launched as the Leela Coorg Forest Reserve later this year. The company plans to gradually increase the inventory to 90 villas.

In its January earnings call, the company’s top executive said it started FY25 with 3,500 rooms and added 250 rooms with its acquisition of Mumbai in the first quarter of FY26. Another 546 rooms were added in Dubai in the second quarter and 80 rooms in Jaisalmer in the third quarter.

This growth reflected a strong sales pipeline and ongoing deal activity; The company said it is on track to meet its Fiscal Year 2019 Ebitda forecast. ₹2,000 crore.

He said it before Mint that the brand has an edge over its peers in the segment. Leela has increased its focus on experiential, destination-focused travel, especially in locations accessible from key urban hubs such as Bengaluru and Mangaluru, the company said in a statement. Rising incomes and better connectivity are driving a structural shift towards experience-based luxury consumption.

With the addition of the Coorg presence, The Leela will now operate 15 properties with over 4,100 rooms. The company, which has a pipeline of nine hotels, aims to expand to 24 hotels in markets such as Agra, Ayodhya, Bandhavgarh, Mumbai, Ranthambore, Sikkim, Srinagar and Jaisalmer in the next three years.