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Mumbai's Palladium Hotel to give way to Starwood's St Regis

Global hospitality major Starwood Hotels and Resorts Worldwide Inc will bring its luxury brand, St Regis Hotels & Resorts to India by opening its first property in Mumbai in third quarter this year.

Starwood is bringing in the brand through partnership with Pallazzio Hotels & Leisure.

 "Starwood is maintaining strong growth momentum in the region and the arrival of St Regis in Mumbai reinforces our commitment to growing our luxury portfolio in this important market," Starwood Hotels & Resorts MD India and Regional VP South Asia Dilip Puri said in a statement.