Hampton Sky Realty Ltd. Announces Collaboration with Indian Hotels Company Ltd (IHCL)
Hampton Sky Realty Ltd. (BSE: 526407) a leading conglomerate with business interests in the Real Estate, is pleased to announce its collaboration with Indian Hotels Company Limited (IHCL) and its subsidiary, Roots Corporation Limited (RCL), for two hotel properties in Ludhiana, Punjab. Hampton and IHCL have entered into a Hotel Management Agreement (HMA) and Technical Services Agreement (TSA) (together referred to as the Gateway Agreements), which have been signed by Mr. Kavya Arora, Director on behalf of Hampton and by Ms. Suma Venkatesh, Executive Vice President, Real Estate & Development on behalf of IHCL. Pursuant to the Gateway Agreements, Hampton has agreed to construct a property, either directly or through a special purpose vehicle, at a land owned by Hampton at Mangli Nichhi, Ludhiana Chandigarh Highway, Punjab. The proposed property will house a fully customized and equipped hotel offering world-class facilities including an all-day dining restaurant, specialty restaurant...