Pecos Hotels and Pubs has entered into a Memorandum of Understanding (MOU) with 3 Dots Hospitality LLP located at Mumbai, to takeover its business as a going concern, subject to due diligence which is in process.
This acquisition will allow Pecos Hotels and Pubs to own and operate restaurants in Pune, Hyderabad, Nasik and Chennai under the brand of Denim bistro in association with Formule-1 brand of hotels.
Pecos Hotels and Pubs (PHPL) is into the business of running of hotels and pubs in Bangalore, with 4 Pubs providing 70s, 80s and 90s retro rock music since last 10 years.
