PEs checking in hotels more frequently now

Economic revival fuels interest in both budget and business hotels

Till a few years ago, business of standalone budget hotels such as Exotica on Noida Expressway could hardly be of interest to marquee global financial companies such as Goldman Sachs. But things change. 

Last month, Goldman Sachs Investment Partners along with Accel Partners invested $25 million in FabHotels, an online aggregator of budget hotels such as Exotica. To be sure, budget is not the only segment that is attracting private equity or venture capital firms. Last year, Goldman Sachs invested $66 million in Samhi Hotels, which has high-end hotels under partnership with Marriott, Starwood, Hyatt and Accor. 

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