A consortium, including Thailand\u2019s Minor International, is considering an investment of about $350 million in Indian hospitality firm Hotel Leelaventure, according to a person with knowledge of the matter. The proposed bid, which is also backed by investment firm Trinity White City Ventures, includes a mix of equity and debt, the person said. The consortium would end up with a majority stake in Mumbai-based Hotel Leelaventure if the transaction proceeds, the person said, asking not to be identified. There\u2019s no certainty the deliberations will lead to an agreement, the person said. Also read:\u00a0PSU banks\u2019 recapitalisation plan: Rs 82,000 crore capital already infused; this much more to come Hotel Leelaventure runs a chain of hotels and resorts, with nine properties it owns or manages across India, according to the company\u2019s latest annual report. Its luxury properties include The Leela Palace Udaipur and The Leela Kovalam. \u201cMinor is always on the lookout for good investment opportunities, which includes Hotel Leela,\u201d Dillip Rajakarier, chief executive officer of Minor\u2019s hotel unit, said on Friday. \u201cBut nothing is set in stone. We are currently exploring the option.\u201d A representative for Trinity confirmed the plan. A spokeswoman for Leelaventure said \u201cright now there is nothing that we can share\u201d, adding the company will make an official announcement \u201conce anything is finalised and we move towards a decision\u201d. Also read:\u00a0This NBFC stock is about to enter into Sensex; key things to know about this money multiplier Minor has been expanding through acquisitions, spending 2.3 billion euros ($2.6 billion) this year to take control of Spanish chain NH Hotel Group. Shares of Minor have fallen 21% in Bangkok trading this year, giving the company a market value of about $4.9 billion. Trinity White City Ventures, the family office of Shahal Khan, was behind an aborted attempt to acquire New York\u2019s iconic Plaza Hotel earlier this year. The $600-million deal fell apart amid a series of lawsuits over the sale process, and the historic property was eventually sold to a Qatari state-owned company.