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Hyatt Regency Mumbai: shuts on fund crunch

HIGHLIGHTS :(Read the whole news at a glance)

  1. Hyatt is an American hospitality company that manages and franchises hotels.
  2. Sushil Kumar Gupta is the chairman and managing director of Asian Hotels (West).
  3. Sharma said that Hyatt is working closely with the hotel’s owner to resolve this situation.
  4. “As a result of no funds forthcoming from Asian Hotels (West) Ltd, the owner of Hyatt Regency Mumbai.
  5. To sustain the operations of the hotel, a decision has been taken to temporarily suspend all operations for Hyatt Regency Mumbai.
Hyatt Regency Mumbai

NEW DELHI: A severe fund crunch has led to suspension of operations at Hyatt Regency Mumbai, one of the premium luxury hotels of the financial capital.

HOTEL HYATT:

The hotel, located near Mumbai’s international airport, said it will not accept reservations through Hyatt booking channels and will remain temporarily unavailable.

Hyatt is an American hospitality company that manages and franchises hotels. It is managing the Mumbai property on a contract basis on behalf of Asian Hotels (West).

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Hospitality industry veteran and former president of the Federation of Hotel & Restaurant Associations of India (FHRAI), Sushil Kumar Gupta is the chairman and managing director of Asian Hotels (West).

The hotel, located near Mumbai’s international airport, said it will not accept reservations through Hyatt booking channels and will remain temporarily unavailable. Hyatt Regency Mumbai caters to corporate guests, groups from both corporate as well from social, convention and leisure market segments couples with individual guests.

HYATT REGENCY MUMBAI ISSUES:

“As a result of no funds forthcoming from Asian Hotels (West) Ltd, the owner of Hyatt Regency Mumbai, to sustain the operations of the hotel, a decision has been taken to temporarily suspend all operations for Hyatt Regency Mumbai. The hotel will remain closed until further notice,” said Sunjae Sharma, vice president and country head – India, Hyatt Regency wrote to its on-roll employees.

HOTEL HYATT

Sharma said that Hyatt is working closely with the hotel’s owner to resolve this situation.

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