Royal Hometel Suites in Dahisar in Mumbai is expected to open in 2018. The property is owned by Lion Pencils Ltd, Sarovar Hotels said in a statement.
The company however did not share the details of the deal.
The company is already present in Mumbai with all its three brands - Sarovar Premiere, Sarovar Portico and Hometel, he added.
Part of the global hospitality firm Louvre Hotels Group, Sarovar Hotels & Resorts has over 75 operating hotels across 50 destinations in India and Africa.
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