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The new management has taken over the property from May 20 and will be rebranded as Gokulam Grand Hotel & Spa.
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The Hyatt Regency Amritsar delivers a full range of intuitive services and amenities, including notable culinary experiences; technology-enabled ways to collaborate; the space to work or relax.
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This acquisition further consolidates the current footprint in Europe and in the Middle East and accelerates growth notably in key regions where the Group has been established for many years, such as Africa and Asia.
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ResDiary is notably well established in the Asia Pacific region as well as in the UK, and has a footprint in 60 countries globally, seating 166m diners a year in over 8,600 venues. The Company has generated profits for six years.
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The hotel will be located on West George Street opposite Queen Street Train Station and will offer 160 rooms and 590 beds. The opening is scheduled for 2020.
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Hilton signs another dual branded Hospitality project at Embassy TechVillage and continues to reaffirm its commitment to grow in India.
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Acquisition is to fuel company’s vision of ending 2018 with 180,000 exclusive keys while gaining a 4.5 percent share of India’s hotel market
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The acquisition of Regent is part of one of IHG’s new strategic initiatives focused on continuing to expand its footprint in the fast-growing USD 60 bn luxury segment.
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