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Fomento Resorts executes agreement with Indian Hotels Company

11 Feb 2019 Evaluate

Fomento Resorts & Hotels has executed a Hotel Operating Agreement (HOA) with the Indian Hotels Company (IHCL) on February 11, 2019. The company currently owns and operates an existing 5 star hotel i.e. Cidade de Goa consisting of 207 keys. 

The company is developing a new hotel block of 299 keys and associated facilities as a 5 star hotel catering to meeting, incentives, conferences and exhibitions segment. Both the existing and new hotel are situated in the state of Goa. The Hotel Operating Agreement contemplates that IHCL will carry out the operations and marketing of the Hotels under its brands.

Fomento Resorts & Hotels is engaged in the hospitality industry.

Peers
Company Name CMP
The Indian Hotels Co 882.00
ITC Hotels 175.40
Mahindra Holi.&Resor 200.50
EIH 316.05
Chalet Hotels 811.35
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