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# Luxury operator sells Goa hotel to cut debt
- URL: https://hospitality.pro/luxury-operator-sells-goa-hotel-to-cut-debt/
- Published: 2015-09-21T10:56:23.000Z
- Updated: 2015-09-21T10:56:23.000Z
- Author: Holedo
- Tags: Hospitality Industry News, News, #wordpress, #Import 2026-04-16 12:15

India?s Hotel Leelaventure has agreed to sell a hotel in Goa to a Malaysian company for 7.25 billion rupees (US$111 million) as the luxury hotels operator strives to cut its debt.  
Leelaventure will sell the 206-room hotel to a unit of MetTube but will continue to manage it under a contract.  
Leelaventure expects the deal, which it said was the biggest single-asset acquisition in India?s hospitality sector, to close by end-December.  
The Goa hotel accounted for 15 percent of its total income for the last financial year to March 31.