Hyatt Place hotel opens in Gurgaon.

Hyatt Hotels & Resorts and SAMHI hotels have launched the Hyatt Place Gurgaon/Udyog Vihar. This is the second Hyatt Place hotel in India and has 176 rooms with an approximate investment of the property is Rs. 172 crore.

This year, the International Finance Corporation partially financed the next phase of SAMHI hotels' growth plans by investing upto $21 million (approximately Rs. 123 crore) in equity in the company's next project.

'Within three years we have worked with a number of global hotel operators to launch strong hotel products and brands in India. The bouquet of brands in our portfolio reflects our excitement about the Indian lodging markets and its potential,' says Ashish Jakhanwala, chief executive officer of SAMHI which builds and owns hotels like Four Points By Sheraton in Ahmedabad.


ET