Key Points
In the first nine months of this calendar year ended in September, family offices have invested 900 crore in hotels, almost two-thirds of total investments of 1,400 crore in the industry..
In comparison, total investments in hotels in calendar 2022 were 600 crore out of which family offices accounted for 190 crore...
Mumbai: Recently, a SoftBank-promoted institutional investor acquired a 96-room hotel, just 50 metres away from the upcoming high-speed bullet train station in Vadodara, from Iscon group..
A family office of Gland Pharma's former promoter acquired GBJ Hotels, which operates Radisson Blu in Coimbatore, a 135-room five-star property, while another family office acquired a 115-room hotel strategically located within the Mumbai Metropolitan Region..
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