Hyatt Regency Mumbai, one of the premium 5-star luxury hotel in the financial capital, has informed that it is immediately suspending operations due to a severe cash crunch.
Hyatt is an American hospitality giant that manages and franchises hotels.
In addition, the chain’s landmark property in India, Hyatt Regency India, owned by a different group, has been off Hyatt’s global booking website since at least last winter. However, the Hyatt Regency Delhi remains operational while the 401-room Hyatt Regency on Mumbai’s Sahar Airport Road has shut down with immediate effect. Clearly, Hyatt is having issues with both its landmark properties in India.
Sunjae Sharma, Vice President and Country Head for India, Hyatt, said:
As a result of no funds forthcoming from Asian Hotels (West) Ltd, the owner of Hyatt Regency Mumbai, to sustain the operations of the hotel, a decision has been taken to temporarily suspend all operations for Hyatt Regency Mumbai. The hotel will remain closed until further notice. Future reservations through Hyatt booking channels will remain temporarily unavailable. At Hyatt, our guests and colleagues are a top priority, and we are working closely with the hotel’s owner to resolve this situation.
Hyatt is managing the Mumbai property on a contract basis on behalf of Asian Hotels (West). Hospitality industry veteran and former president of the Federation of Hotel & Restaurant Associations of India (FHRAI), Sushil Kumar Gupta is the chairman and managing director of Asian Hotels (West).
Hardip Marwah, General Manager, Hyatt Regency Mumbai, has told employees in a communication that the owner is not infusing funds ‘to enable payment of salaries or support operation of the hotel… (it) will remain closed till further notice’.
Featured image by Hyatt Regency Mumbai