Archive · 22 Aug 2025
Schloss Bangalore to Rebrand as Leela Hotels, Reports Strong Quarter
Schloss Bangalore, the company behind The Leela hotels, wants a new name: Leela Palaces Hotels & Resorts.
The company's board agreed, but shareholders and regulators still need to say yes.
This change will also involve updating company documents.
In the latest financial quarter, the company did well, with revenue up and a profit made, unlike the loss in the same quarter last year.
The company, which began in 2019, develops and manages hotels under The Leela brand.
Despite the positive financial results, the company's stock price slightly decreased on Friday.
Schloss Bangalore Ltd. plans to change its name to Leela Palaces Hotels & Resorts Ltd.
The board approved the name change, pending shareholder and regulatory approval.
The company reported a 22% year-on-year increase in standalone revenue for the June quarter.
The company achieved a profit of ₹35 crore, a significant improvement from the previous year's loss.
Schloss Bangalore Ltd. shares closed 1.33% lower on Friday.
- Who
- Schloss Bangalore Ltd., the company that owns and operates The Leela hotel chain.
- What
- Schloss Bangalore Ltd. is planning to change its name to Leela Palaces Hotels & Resorts Ltd.
- When
- The board approved the name change on August 22, with financial results for the June quarter reported.
- Where
- The company operates in the hospitality sector.
- Why
- The reason for the name change is not explicitly stated.
- New Name
- Leela Palaces Hotels & Resorts Ltd.
- Standalone Revenue (YoY)
- Up 22%
- Profit (June Quarter)
- ₹35 crore
- EBITDA (YoY)
- Increased by 29%
- Stock Debut
- June 2
- Stock Close Price
- ₹420.35