'HLV Ltd' is Hotel Leelaventure's new name
Earlier on 22 October 2019, Hotel Leelaventure's board had approved the proposed change in name of the company
As part of the Brookfield transaction, the word "Leela" would not be a part of the company's name, it had said in an exchange filing. The change of name of the company will come into effect from 8 January, 2020.
The Mumbai-based hotel chain had announced in October last year that it had sold its hotel properties and operations to Canada-based Brookfield Asset Management Inc. The deal, which took more than a year to come to fruition, includes the sale of hotel properties in Delhi, Bengaluru, Chennai, Udaipur and Agra. The deal excludes its fifth property, located in Mumbai.