With total business recovery still nowhere in sight, smaller hotels with less financial runway to cover their losses are seeking an exit strategy, which is where the acquisition model comes into play
consolidation
.jpg)
Posted inBusiness
Experts predict about 30% hotel assets will turn distressed, rich pickings for groups and investors looking to consolidate and invest
More than 25 to 30% of assets are likely to become distressed as the industry struggles with a collective outstanding debt of Rs 50,000 crore and no debt restructuring measures in sight. How will the industry cope?