KUALA LUMPUR (April 8): Metrod Holdings Bhd said its 51%-owned five-star hotel The Leela Goa in India will be rebranded as St Regis Goa, following an operating agreement signed with Marriot International Inc.

The Leela Goa, located in Cavelossim Village in Salcete Taluka, is owned by Ceres Hotels Private Ltd, which is in turn 51%-owned by Metrod’s wholly-owned unit Metrod Holdings (Singapore Pte Ltd).

The Leela Goa is Metrod’s first hotel upon its diversification into the hospitality business in 2015, whereby it forked out RM170.15 million for the venture. The company is also involved in the manufacturing of copper products.

Shares of Metrod Holdings settled one sen or 0.69% higher at RM1.45, giving it a market capitalisation of RM174 million.