SNR Denton has advised hotel investment company Duet India Hotels Limited on its joint venture with InterContinental Hotels Group (IHG) to develop new Holiday Inn Express hotels across India over the next five years. The hotels will be primarily located in India’s major and key secondary cities, including New Delhi, Mumbai and Bangalore.
Duet India Hotels is a hotel group formed by Anuj Gupta and Henry Gabay of Duet Capital. It will take a 76% equity stake in the joint venture, with IHG taking the remaining 24%.
“We are extremely pleased to have had this opportunity to work with Duet India Hotels for the first time on this strategic partnership,” said corporate partner Jeremy Cohen.
The SNR Denton team also comprised corporate partner Richard Barham, managing associate Simon Mitchell and associate Daniela Molluso.
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