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Marriott International Set to Invest in Concept Hospitality
Mint New Delhi
|April 16, 2025
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.
Denne historien er fra April 16, 2025-utgaven av Mint New Delhi.
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