Goldman Sachs brings in 255 Crores into Vatika Hotels

This comes closely after it announced its JV’s worth Rs. 150 Crores with Singapore’s Sovereign Wealth Fund GIC to develop two residential projects on Dwarka Expressway.

Dec 24, 2014 03:12 IST India Infoline News Service

Goldman Sachs, New York based multinational investment banking fund, through its affiliate, have taken equity worth Rs. 255 Crores into Vatika Hotels, a company owned by the Vatika Group. This comes closely after it announced its JV’s worth Rs. 150 Crores with Singapore’s Sovereign Wealth Fund GIC to develop two residential projects on Dwarka Expressway.
Vatika Hotels were the first to establish Starwood’s ‘Westin’ Brand in India and currently owns Westin Gurgaon & Westin Sohna with Jaipur & Pondicherry under active planning.
Vatika Hotels also owns & manages Vatika Business Centres operating 3000 seats over .5 million sq.ft across India. Vatika Business Centre plans to double its capacity over the next 36 months.
Vatika Hotels is also managing 45 million sq.ft of space through its Facilities Management Division ‘ENVIRO’.
Vatika Hotels has also recently ventured into the healthcare industry with the acquisition of Health Square, a premium diagnostic centre chain, rebranding it as ‘Vatika Medicare’.
Vatika Hotels also plans to expand its award winning premium restaurant brands ‘56’ & ‘Coriander Leaf’ across India.

Related Story