Leela Palaces Hotels & Resorts Expands Global Footprint with Strategic Dubai Investment through Argon Holdings

November 27, 2025, New Delhi: Leela Palaces Hotels & Resorts Limited has announced a landmark step in its global expansion strategy with the acquisition of Sofitel The Palm FZE in Dubai. The transaction was executed by ArgonHoldings (DIFC) Limited, which holds a 25% equity stake in Leela through its wholly owned subsidiary, Aries Holdings (DIFC) Limited.

The premium beachfront asset on Palm Jumeirah marks Leela’s first international flagship under its own brand. The property will undergo a comprehensive renovation and is set to reopen as The Leela, further strengthening the company’s luxury footprint in one of the world’s most prestigious hospitality markets.

Acquisition of a Landmark 23-Acre Palm Jumeirah Property

Argon has secured a prominent 23-acre site on Dubai’s Palm Jumeirah through its subsidiary, Boron Holdings (DIFC) Limited, as part of this acquisition. Positioned in one of Dubai’s most sought-after ultra-luxury destinations, the location attracts more than 5 million visitors annually and is currently owned by Sofitel The Palm FZE.

The asset comprises 546 keys, including a 361-key luxury hotel, 182 serviced residences, and three exclusive villas. With Palm Jumeirah hosting one of the highest concentrations of homes valued above USD 1 million, the property’s commercial appeal and long-term sales potential are significantly amplified.

Effective Investment By Leela

With a 25% stake in Argon Leela Palace Hotels & Resorts, Leela has invested in Argon’s newly acquired asset. This expansion into the UAE strengthens Leela’s presence in one of India’s key source markets for luxury tourism

Strong Financial Outlook

By adding a branded luxury hotel to its portfolio, the investment is expected to be recouped within three years. Revenue is projected to come primarily from the sale of branded residences on the property. Elevating ‘The Leela’ brand’s global presence will strengthen the group’s entire luxury portfolio

Share Price Snapshot

As of 12:40, the share price of Leela Palaces Hotels & Resorts Limited was trading at ₹413.60, down 0.16% from its previous close of ₹414.25. The share opened at ₹417.95 and traded between ₹417.95 and ₹409.60 so far.

REF: https://nsearchives.nseindia.com/corporate/THELEELA_27112025075639_SE_intimation__Investment_update.pdf

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