Wyndham’s India partner picks majority stake in Kolkata hotel
According to a DNA report, Unique Mercantile India, an exclusive development partner for global hospitality major Wyndham Hotel Group in India, has acquired a majority stake in a soon-to-be-operational hotel owned by Platinum World Hospitality in West Bengal.
Industry sources told that the Ahmedabad-based company has concluded the deal and will be launching the 90-room hotel at Rajarhat, Kolkata, under the upscale mid-market brand Howard Johnson (popularly known as HoJo) soon.
“Unique Mercantile India has made a strategic investment to acquire majority shares of a 90-room hotel project, which is at a very advanced stage of development. The share purchase agreement has been signed with Platinum World Hospitality that owns the hotel asset strategically located in Rajarhat New Town near Netaji Subhas Chandra Bose International Airport, Kolkata,” said sources familiar with the development, adding that the hotel will commence operations in next 30 days.