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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.
Source: http://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/onyx-hospitality-enters-jv-with-kingsbridge-for-hotels/articleshow/46390602.cms