Leela Chairman Receives Lifetime Achievement Award

Hotel Investment Conference Honors Chairman Nair

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. May 11, 2010

MUMBAI, India, May 7, 2010 - Padma Bhushan Capt. C.P. Krishnan Nair, Chairman of The Leela Palaces, Hotels and Resorts has been conferred the prestigious Lifetime Achievement Award at Hospitality Valuation Services' (HVS) Hotel Investment Conference - South Asia (HICSA) at a glittering ceremony amidst luminaries and peers from the hospitality sector one month ago on April 7.

The HICSA Lifetime Achievement Award is presented to an individual who has made an outstanding contribution to the hospitality industry. HICSA honored Capt. C. P. Krishnan Nair for redefining the Indian hospitality landscape by creating new standards of excellence in luxury services. On presenting the award, Stephen Rushmore, President and Founder, HVS, said “Capt. Nair has raised the bar of high end luxury in India and his Leelas stand testimony to his passion and commitment. We are very pleased to have him here today to accept this award.”

The recipient of several accolades, the most recent among which is the Padma Bhushan, Capt Nair reflects on his long journey, “It is a great honor to be recognized by my peers in the industry. This award motivates me to further serve and contribute to the hospitality community.” (Established in the 1950's, the Padma Award is the highest civilian honor conferred by India's President to individuals from all professional fields.)

Today, The Leela Palaces, Hotels and Resorts have set a new benchmark for luxury hotels in India, providing discerning business and leisure travelers from the national as well as international markets with the finest in guest services. With “Atithi Devo Bhava” (the “guest is god”) as his guiding principle, Capt. Nair has built a team of over 5,000 associates, assisting him in delighting guests at each of his Leelas and in putting The Leela on the global map.

About HICSA

To address the growing need for a uniform platform for industry participants to exchange ideas and discuss the future of the hospitality industry, HVS launched the annual Hotel Investment Conference South-Asia (HICSA) in 2005. Today the conference is widely viewed by global industry leaders as the premier hospitality event for the South Asian region, valued for its networking opportunities and high-level contacts as much as for its content-rich sessions. HICSA over the last five years has witnessed unprecedented support and appreciation from the hospitality industry and attracted overwhelming participation from hotel owners, investors, operators, bankers and industry specialists who came together to share their best practices, new ideas and latest market trends.

About HVS

HVS is the world's leading consulting and services organization focused on the hotel, restaurant, shared ownership, gaming and leisure industries. Established in 1980 by President and CEO Steve Rushmore, MAI, FRICS, CHA, the company offers a comprehensive scope of services and specialized industry expertise to help enhance the economic returns and value of a company's hospitality assets. Rushmore began his career in the 1970s as a consultant in the hospitality division of a prominent New York City real estate firm. Through that experience, Rushmore noted the limited body of knowledge available to assess the value of hotels and motels, taking into consideration both the business and real estate components. Rushmore's first book, The Valuation of Hotels and Motels, quickly became the definitive work on the subject, and soon after, HVS was born. The HVS method of providing an economic study and appraisal for hotels and motels immediately became, and continues to be, the industry standard.

About Hotel Leelaventure Limited

Hotel Leelaventure Ltd. operates The Leela Palaces, Hotels & Resorts in Mumbai, Bangalore, Goa, Kovalam (Kerala), Gurgaon and now in Udaipur. Located in key business and leisure destinations, and charting a pan India presence in the near future, The Leela Palaces, Hotels & Resorts are a blend of aesthetic sensibility, modern amenities and truly reflect the essence of India. New hotels will soon open in New Delhi (2010) and Chennai (2010); with plans to develop hotels in Agra, Hyderabad and Pune. The group has marketing alliances with German based Kempinski (Hoteliers since 1897); US based Preferred Hotel Group and are members of Global Hotel Alliance based in Geneva, Switzerland.

For further information, please visit www.theleela.com. For high-resolution images, please visit:
www.leonardo.com/theleela. Login: Leela; password: corpcom.