It depends upon the room that it will be used. If the room is smaller, I would choose a sandy brown or taupe. Beware that this will lend itself to a more casual feeling. If the room is large enough, or you are going for a more formal look, then I would prefer chocolate. Sticking with a classic like brown, will transition to another house or apartment more easily than going with a dyed leather and if you decide to repaint the walls, there are so many other colors that would still look great!
P.S. Be sure that the leather is top grain if you want it to last. Anything else will have the leather "rub-off" and it will look flimsy and cheap quickly if it gets much wear.
Have fun shopping!
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