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Onyx Hospitality enters JV with Kingsbridge for hotels

NEW DELHI: Thai firm  Onyx Hospitality which runs the Amari brand of hotels, has set up a joint venture with hotel asset management firm  Kingsbridge India to set up 7  hotels in the country by 2018 for which the JV will raise $100 million.
A part of the $100 million will come from the two partners while the rest will be raised from private equity and institutional investors, said the  chief executive officer of the company Peter Henley.