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Mid-market hotels considering exit options through total sales of their equity holdings

More than 100 key midmarket hotels are on the block today. "There are more than 100 hotels, across all tiers and pan-India, that are considering exit options through partial or total sales of their equity holdings," says Mandeep S Lamba, managing director of the hotels and hospitality group of Jones Lang LaSalle (JLL), a real estate consultancy.

"We have investment sales mandates for about 10 hotels, which include mid, upscale and upper-upscale properties."

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