You are here: Home » Companies » News
Unacademy turns into unicorn after SoftBank-led funding round
icon-arrow-left
Business Standard

Hospitality firms look at one-time debt restructuring as moratorium ends

On account of being highly leveraged, 15 per cent of the total 160,000 rooms are at a risk of being shuttered forever according to hotel industry estimates

Topics
Hospitality sector | hotels | Lockdown

Shally Seth Mohile  |  Mumbai 



hotels, staycation, coronavirus, hospitality, restaurants, tourism
Interglobe Hotels that owns and runs the Ibis brand of hotels too is “exploring restructuring option,” said J B Singh, president and chief executive at the firm.

Hospitality firms sitting on large debt piles are now looking to go for a one-time restructuring, with the moratorium period now over.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, September 02 2020. 19:26 IST

RECOMMENDED FOR YOU

.