Hyatt to set up six hotels in JV with Emaar MGF

by

Hospitality major, Global Hyatt Corporation, is planning to set up six hotels in Mysore, Lucknow, Indore, Mangalore, Hyderabad and Gurgaon in a joint venture with real estate major, Emaar MGF, by 2012-13 with an investment of Rs 1,000 crore.

Apart from these six hotels, the company has already signed deals for 14 hotels, which is to be developed in next three to four years.

Related posts:

  1. BSEL exits B W Highway Star Hotel project
  2. Emaar Properties Merger – The Unanswered Questions
  3. India Hotels – Sharp Decline in Occupancy and Avg Room Rent
  4. Kamat Hotels – Expects occupancy rate in Q4 FY’09 to be around 60%
  5. Royal Orchid Hotels opens one hotel ‘Regenta Central’ in Chandigarh