DB Realty planning to sell DB Hospitality stake
No Comments Sub Category:Cities,Delhi-NCR,Realty News Posted On: Nov 22, 2012
New Delhi- Real estate builder DB Realty said that its subsidiary DB Hospitality is trying to sell stake in proposed hotel project in Delhi International airport and discussions are still going on.In the processing towards the BSE, DB Real estate claimed that DB Hospitality Pvt Ltd (DBHPL) is usually possessing stake in order to develop any plot of land as the Delhi International Airport’s brand-new hospitality section is considered one of its subsidiary SPV.
DB Realty’s talk about price right now proceeded to go in place by 10 percent in close proximity to Rs 125. 20 upon BSE amid accounts in which Bharti Group’s realty supply can be eyeing position in this particular SPV.
DB Hospitality has about 8 acre of land near airport. However, it is said that they are not selling Hilton Hotel in Mumbai and Grand Hyatt property in Goa which are being operated through the subsidiaries of DBHPL.
Bharti Group spokesperson said that its arm Bharti Realty is buying stake in DB Realty’s hospitality project in the national capital.
Tags:
Bharti Realty, BSE, Builder, DB Hospitality, DB Hospitality Pvt Ltd, DB Realty, DBHPL, Delhi international airport, Developer, Grand Hyatt, Hilton Hotel, Mumbai based developers, Realty, Realty News, SPV, Subsidiary
