Home >Companies >News >Hyatt shuts its hotel in Mumbai on fund crunch

NEW DELHI : Hyatt Regency five-star hotel in Mumbai said it will remain closed till further notice, since Asian Hotels (West) Ltd which owns the property is not making payments for its salaries and operations.

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).

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.

“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.

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

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