Goldman Sachs invests Rs. 255 cr in Vatika Hotels.

Goldman Sachs, New-York based multinational investment banking fund, through its affiliate, has taken equity worth Rs. 255 crore in Vatika Hotels, a company owned by the Vatika Group.

This comes closely after Vatika announced joint ventures worth Rs. 150 crore with Singapore's Sovereign Wealth Fund GIC to develop two residential projects on Dwarka Expressway.

Vatika Hotels were the first to establish Starwood's 'Westin' brand in India and currently owns Westin Gurgaon & Westin Sohna with Jaipur & Pondicherry under active planning.

Vatika Hotels also owns and manages Vatika Business Centres operating 3,000 seats over 0.5 million sq ft across India. Vatika Business Centre plans to double its capacity over the next 36 months.

HBL