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Marriott International Set to Invest in Concept Hospitality
April 16, 2025
|Mint Ahmedabad
Marriott Aims to Grow Its India Portfolio to 50,000 Rooms and 250-300 Properties Over the Next 3-5 Years
As hotel businesses rush to add more rooms and hotel inventory, Marriott International, the company behind hotels like JW Marriott, Westin, W and other brands, will invest a significant stake in Mumbai-based Concept Hospitality.
The three-decade-old company manages around 125 hotels in India and operates under six brands, including The Fern and The Zinc, through a joint venture with CG Hospitality Global. Nepali billionaire Binod Chaudhary's CG group owns a majority stake in Concept. The group is primarily known for Wai Wai Noodles brand. It is expected to be Marriott International's first direct investment in India.
It has earmarked around $15 million for this, those in the know told Mint. The firm has been valued at $100 million. At least five people have confirmed the development.
هذه القصة من طبعة April 16, 2025 من Mint Ahmedabad.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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