Private Equity Other Private Equity/Strategic Investments
Marriott invests in Concept Hospitality to start a new hotel brand
Source Mint (opens in a new tab)
US hospitality chain Marriott International Inc. has acquired a minority stake in India's Concept Hospitality, which operates brands like the Mumbai-based Fern Hotels and Resorts , to launch a new hotel series. The Concept , which has 84 operational hotels, 31 hotels in the pipeline, and 8,000 rooms in total, will continue to manage these hotels.