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Onyx Hospitality enters JV with Kingsbridge for hotels

Industry Hospitality

According to Chief Executive Officer, Thai firm Onyx Hospitality, which runs the Amari brand of hotels, has set up a joint venture with hotel asset management firm Kingsbridge India to set up 7 hotels in the country by 2018 for which the JV will raise $100 million. A part of the $100 million will come from the two partners while the rest will be raised from private equity and institutional investors

Extracted from ET,Feb 27,’15

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