Hospitality firm Hotel Leelaventure Ltd today reported net loss of Rs 4.75 crore for the quarter ended September 30. The company had posted net profit of Rs 1.75 crore during the corresponding period last fiscal. For the three month period under review,Hotel Leelaventure's net sales grew by 16.38 per cent at Rs 104.41 crore as compared to Rs 89.71 crore in the same period last year,the company said in a filing to the Bombay Stock Exchange. The company's Board of Directors has accepted the resignation of Director Finance and Chief Financial Officer V L Ganesh. Hotel Leelaventure operates The Leela Palaces hotels and resorts in Delhi,Mumbai,Bangalore,Gurgaon,Udaipur,Goa and Kovalam. "New hotels will open in Chennai in 2011 and subsequently in Agra,Hyderabad and lake Ashtamudi in Kerala," according to the company's website. The company has marketing alliances with Germany based Kempinski.
