Leela’s Captain CP Krishnan Nair dies


leela-nairC. P Krishnan Nair, a former Indian army soldier and a hotelier who tied up with Kempinski AG for his hospitality chain in the South Asian country, died today. He was 92.

The death of the Kannur, India-born businessman followed a brief illness and his funeral will be held in Mumbai, the Leela Group said in an e-mailed statement today, without disclosing the exact cause of his death.

Nair, who joined India’s freedom movement at 13 and later became an officer in India’s army, ventured into textile exports in 1951 before entering the hospitality business at the age of 65. He opened his first hotel in Mumbai in 1986 and spearheaded the chain’s expansion until stepping down as chairman last year, according to the company’s website.

The company operates eight hotels in India, including in New Delhi. Four more are under construction, the company’s website shows. After partnering with Germany’s Kempinski for 25 years, Nair ended that relationship in October, according to exchange filings. Leela hotels are known for their proximity to international airports and central business districts.

Full report here Bloomberg


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