Business Standard

Hospitality deals pick up after a lull as HNIs, family offices check in

Family offices, high net-worth individuals and institutional investors are looking at the sector, say advisory firms

hotel
Premium

IHCL has been exiting non-strategic and non-core assets as part of the asset-light strategy, and plans to divest stake in more such properties

Shally Seth Mohile Mumbai
After a two-year lull, the deal pipeline in India’s hospitality sector, which has witnessed a strong revival since the second wave of the pandemic receded, is running full.

Family offices, high net-worth individuals (HNIs) and institutional investors are looking at the sector with renewed interest, according to investment and transaction advisory firms working on multiple deals.  Most of them declined to divulge details of the deals for reasons of confidentiality.    

The cumulative debt of the tourism, hotels and restaurant sector rose 8.2 per cent year-on-year (YoY) to Rs 64,408 crore as of March 25, 2022 against Rs 59,519 crore on March

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 26 2022 | 8:22 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com