Indian hotel management company, Cygnett Hotels & Resorts, as part of expanding their operations to international market, has signed shareholder agreements for the Middle East market. These include a hotel investment company and a leading travel agency in the Middle East. According to Vikram Malhotra, Group President & CEO, Cygnett Hotels, the company will be entering the Middle East market as a management company with the local partners.
Hyatt Hotels Corporation’s former development head Rakesh Sarna, who was appointed as managing director of Indian Hotels Company, has broken into the league of India's highest paid CEOs, beating ITC's Y C Deveshwar and Wipro's Azim Premji.
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.