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Berggruen to invest $30 million to grow Keys hotel chain in India

New York-based investment firm Berggruen Holdings Inc., which owns the Keys hotel chain in India, plans to invest $30 million (around Rs200 crore) to expand its presence in the country. Berggruen Holdings has so far invested $80 million in Berggruen Hotels Pvt. Ltd, which operates only in India.

The company, which runs 21 hotels in India, is also looking to partner other financial investors in the hotel business. “We are going to invest another $30 million into the company. The investment will start coming in the next quarter. We would also be looking at financial partners who would be interested in coming along with us to scale the platform,” Kabir Kewalramani, managing director, Berggruen Holdings India Ltd, said in an interview.