Ireo to invest $700m in hotel chain
India real estate investor Ireo will pump $700 million into luxury residences and hotel development in Gurgoan. The fund has tied up with the global hotel chain Hyatt to manage the project.
"The project cost will be between $650-700 million," Pankaj Dugar, Ireo's senior vice-president, told The Economic Times. "We have entered into management agreements with Hyatt Hotels Corporation for branded...
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