Global real estate investor Brookfield Asset Management is looking to buy stake in Hotel Leelaventure, The Times of India reported.
Canadian investor Brookfield's talks are focussed on assuming the debt held by JM Financial Asset Reconstruction Company, the report said citing two people directly aware of the matter.
JM holds a 26 percent stake in Hotel Leela and also controls 96 percent of the restructured debt, which is estimated to be Rs 3,600 crore.
The deal with Brookfield could materialise only if there’s an agreement on the promoters’ continued economic interest and management role in the hotel chain, as per the report.
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