March 18 (Reuters) - Hotel Leela Venture Ltd HTLE.NS :
* TO SELL CO'S HOTEL BUSINESS ON SLUMP SALE BASIS AS GOING CONCERN TO BROOKFIELD
* TO SELL CO'S HOSPITALITY AND HOTEL OPERATIONS BUSINESS ON SLUMP SALE BASIS TO BROOKFIELD
* APPROVED SALE OF 100PCT STAKE IN LEELA PALACES AND RESORTS WHICH OWNS PROPERTY AND HOLDS LICENSES FOR DEVELOPMENT OF HOTEL IN AGRA
* DEAL FOR TOTAL CONSIDERATION OF 39.50 BILLION RUPEES
* WILL CONTINUE TO OPERATE HOTEL IN MUMBAI, OWN CERTAIN LAND IN HYDERABAD
* TO SELL FOUR OWNED LEELA HOTELS LOCATED AT BANGALORE, CHENNAI, DELHI AND UDAIPUR AND PROPERTY CO OWNS IN AGRA
* WILL CONTINUE TO OPERATE THE JOINT DEVELOPMENT PROJECT OF RESIDENTIAL APARTMENTS WITH PRESTIGE DEVELOPERS IN BANGALORE