Phoenix Mills’ arm enters into definitive agreements with Starwood

29 May 2015

Phoenix Mills’ wholly owned subsidiary, Pallazzio Hotels & Leisure, has entered into definitive agreements with Starwood Hotels & Resorts and its affiliates (Starwood) for the management and operation of Pallazzio’s hotel at Lower Parel, Mumbai.

The management of the hotel is currently being transitioned to the Starwood management team, pursuant to which it will be rebranded as The St. Regis, Mumbai.

Phoenix Mills is engaged in property development in India. Its activities include planning, execution, and marketing of projects, property rental and management, and maintenance and sale of the completed properties.

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