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Shree Naman Buys Two India Hotels for $189.4M
financeasianhospitality.com··1 min·For: Owner, Investor, GM

Shree Naman Buys Two India Hotels for $189.4M

Shree Naman Group has finalized the $189.4 million acquisition of JW Marriott Bengaluru and Crowne Plaza Pune following NCLT approval. The deal expands the group's operational footprint to 1,000 rooms as part of a target to reach 2,500 keys in five years.

Key Takeaways

  1. 1Acquired JW Marriott Bengaluru and Crowne Plaza Pune City Center for $189.4M via NCLT process
  2. 2Expands Shree Naman's current operating footprint to five properties totaling 1,000 rooms
  3. 3Targeting 2,500 rooms within five years, supported by an active 700-room development pipeline

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Source: asianhospitality.com

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