Mantri Developers in advanced stages of negotiations with Hyatt

Posted on November 23, 2007

Filed Under Hospitality | 4 comments

Mantri Developers is planning to enter the hospitality sector with a bang and is said to be in advanced stages of negotiations with Hyatt for three hotel properties in south India.

Sushil Mantri, MD Mantri Developers said:

As part of our hospitality foray we intend to have six hotels operational, in the four-star and five-star categories, by 2010. To start with we will construct hotels in Bangalore and Hyderabad. Each would be 200-room plus luxury hotel. We are to rope in a hospitality partner shortly.

Comments

4 Responses to “Mantri Developers in advanced stages of negotiations with Hyatt”

  1. sk-rt.com on November 23rd, 2007 12:45 pm

    Property Samachar - India Real Estate News…

    Property Samachar is dedicated to bringing to people the knowledge about what is going on with the Indian Real Estate Market, the property trends in various regions of India and to introduce people to various realty tools to enable better decision maki…

  2. vikas on March 14th, 2008 8:23 am

    Hello Friends.

    Can you send me more details regarding this Deal?
    I am interested to invest in Real Estate Projects. So please send me details and if you have information about more new project then Please forward it to me.

    With Regards,
    Vikas

  3. amit on April 3rd, 2008 3:28 am

    Southern realty major Mantri Developers is firming up plans to foray into the hospitality sector. Mantri, which initiated talks with international hospitality firms earlier this year, is in advanced stages of negotiations with Hyatt for three hotel properties in south India, according to an industry source. Mantri, according to the source, will take the management-contract route to operate luxury hotels in the country and is looking to partner with Hyatt for the same. When contacted, a Hyatt spokesperson did not comment on the development. In a bid to cater to the increasing demand for hotel rooms, Hyatt is seen exploring the possibility of operating multiple brands in a number of Indian cities, especially

  4. manish on April 9th, 2008 7:00 am

    Mantri Developers is negotiating with Hyatt with to develop its business and market value. By this both of them will be benefited.

Leave a Reply