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2019 may be a strong year for deals in Indian hospitality sector: Report

The volume of transactions in the hotel industry could cross $800 million, the highest so far in the sector, the study said.

March 25, 2019 / 05:04 PM IST
 
 
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Analysts and experts expect 2019 to be a strong year for deals in the hospitality industry, an Economic Times report said quoting a study by real estate consultancy HVS Anarock.

The hospitality space will see a healthy performance in the fourth quarter of the current financial year, as per the study.

The volume of transactions in the hotel industry could cross $800 million (about Rs 5,500 crore), the highest so far in the sector, the report added.

On March 18, Hotel Leela Venture said it will sell five of its properties to Brookfield for Rs 3,950 crore. Lemon Tree Hotels on March 14 said it will sell 100 percent of Key Hotels to Berggruen Hotels.