Hotel Leelaventure on Monday said it plans to open three-star hotels at important pilgrimage cities and towns under the ‘Leela Gardens’ brand. The hospitality firm will also raise INR1,950 crore through the sale of equity and assets to repay its debt.”There is a plan to set up three-star hotels in pilgrimage centres under the ‘Leela Garden’ brand by 2013. There would be around 30-40 such hotels in places like Varanasi, Mysore, Haridwar, Rishikesh and Nalanda that attract a large number of visitors for religious purposes,” Leela Group Chairman C.P. Krishnan Nair told The Hindu after opening of the company’s new property in Delhi. About the firm’s plans to raise money, Hotel Leelaventure Vice-Chairman and Managing Director Vivek Nair said; “We expect an inflow of INR1,950 crore, which will be primarily used to reduce the current debt of INR3,800 crore
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