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The Bengaluru-headquartered chain Thursday said it has signed a lease agreement with MASA Hotels for a 300-room hotel at Mumbai's international airport, which will operate under its new five-star brand.
Lenders did not want to touch it with a barge pole. Finally, there is a shift in debt financing in Indias hospitality sector. Lending by banks in the current financial year, from April to October, has recorded a double-digit growth, year-on-year, compared with a below 1% growth in the same period last year.
Top hotel and travel companies are licking their lips as a flurry of G20 summits coming up this year promises to attract swarms of visitors, fuelling business across their properties
Battered by the pandemic, most hospitality companies had laid off thousands of employees.
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