Mumbai, November 8 (Udaipur Kiran) — Shares of Leela Palaces Hotels & Resorts moved up on Friday after the company announced the signing of a management agreement with The Godwin Group to operate The Leela Jaisalmer, marking the luxury hospitality brand’s debut in Rajasthan’s desert capital — the Golden City.
The stock was trading at ₹423.30, up by ₹1.85 or 0.44% from its previous close of ₹421.45 on the BSE. During the trading session, it opened at ₹420.00 and touched an intraday high of ₹423.95 and a low of ₹414.50. A total of 3,708 shares were traded on the counter.
The BSE Group ‘B’ stock, with a face value of ₹10, has recorded a 52-week high of ₹475.00 (on October 14, 2025) and a 52-week low of ₹382.50 (on June 19, 2025). The company’s market capitalization currently stands at ₹14,106.38 crore.
Promoters hold 75.91% of the company’s shares, while institutional and non-institutional investors hold 19.58% and 4.51%, respectively.
According to a company statement, The Leela Jaisalmer will be a luxury desert resort and spa spread across 30 acres of the Thar Desert landscape, featuring 80 rooms and tented villas. The property is expected to open in 2026 and will include a spa, salon, swimming pool, kids’ club, fine-dining restaurants, and a man-made lake. It will also feature a pillarless ballroom, outdoor lawns, and courtyards — ideal for destination weddings and high-profile events.
Strategically located near the Jaisalmer Fort, a UNESCO World Heritage Site, the resort will be well connected to Jaisalmer Airport and accessible from Jodhpur, catering to both domestic and international travellers.
The signing strengthens The Leela’s presence in Rajasthan’s high-demand leisure circuit, creating synergies with its existing properties — The Leela Palace Udaipur and The Leela Palace Jaipur. The move aligns with the group’s strategy of expanding through a balanced portfolio of owned and managed assets while maintaining its hallmark of luxury and service excellence.
The Leela Palaces, Hotels and Resorts, formerly known as Schloss Bangalore, is India’s largest institutionally owned and managed pure-play luxury hospitality brand, renowned for its signature blend of Indian elegance and world-class service.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
Leela Palaces Rises After Signing Management Deal with The Godwin Group for Jaisalmer Property
