This book takes architects and designers on a worldwide journey to discover the most stylish and appealing spots, from an urban getaway in Europe to a resort on a South Pacific island, providing a serene ...
| Tweet |
Interstate Hotels & Resorts is the latest U.S.-based management company vying for a share of the massive Indian hotel market. The third-party management giant has formed a 50-50 joint-venture partnership with JHM Hotels, India's largest independent hotel owner and developer, to operate and selectively invest in three- and four-star hotels that target business travelers. The partnership, JHM Interstate Hotels India, will serve as Interstate's platform for all hospitality-related activities in India and will be headquartered in New Delhi.
Interstate and JHM also agreed to a 50-50 $12.5 million investment to acquire an interest in Duet India Hotels Ltd., a U.K.-based real estate investment fund dedicated to hotel investment in India, and in the fund's asset management group, Duet Hotels Asset.
Did you enjoy this article? Click here to subscribe to the magazine.
