Hyatt Regency Mumbai temporarily suspends operations amid fund crunch
The decision has been taken to "temporarily suspend" all operations for Hyatt Regency Mumbai with immediate effect. Future reservations through Hyatt booking channels will remain temporarily unavailable, a statement said
- Jun 7, 2021,
- Updated Jun 7, 2021 10:58 PM IST
Hyatt Regency Mumbai has "temporarily" suspended its operations due to no funds coming from Asian Hotels (West) Ltd, the owner of Hyatt Regency Mumbai.
"This is to inform all the on-roll staff of the hotel that no funds are forthcoming from Asian Hotels (West) Ltd., the owner of Hyatt Regency Mumbai, to enable payment of salaries or to support the operations of the hotel," a statement by Hyatt Regency said.
The hotel said the decision has been taken to temporarily suspend all operations for Hyatt Regency Mumbai with immediate effect. "The hotel will remain closed until further notice," the statement said. Sunjae Sharma, Vice President and Country Head - India, Hyatt, did not provide any details on since when funds have not been forthcoming, reported PTI.
"Future reservations through Hyatt booking channels will remain temporarily unavailable," he said. At Hyatt, "our guests and colleagues are a top priority, and we are working closely with the hotel's owner to resolve this situation," he added.
Also read: 2,395 companies shut down in Delhi in Apr 2020-Feb 2021; 1,936 in UP, 1,322 in Tamil Nadu
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Hyatt Regency Mumbai has "temporarily" suspended its operations due to no funds coming from Asian Hotels (West) Ltd, the owner of Hyatt Regency Mumbai.
"This is to inform all the on-roll staff of the hotel that no funds are forthcoming from Asian Hotels (West) Ltd., the owner of Hyatt Regency Mumbai, to enable payment of salaries or to support the operations of the hotel," a statement by Hyatt Regency said.
The hotel said the decision has been taken to temporarily suspend all operations for Hyatt Regency Mumbai with immediate effect. "The hotel will remain closed until further notice," the statement said. Sunjae Sharma, Vice President and Country Head - India, Hyatt, did not provide any details on since when funds have not been forthcoming, reported PTI.
"Future reservations through Hyatt booking channels will remain temporarily unavailable," he said. At Hyatt, "our guests and colleagues are a top priority, and we are working closely with the hotel's owner to resolve this situation," he added.
Also read: 2,395 companies shut down in Delhi in Apr 2020-Feb 2021; 1,936 in UP, 1,322 in Tamil Nadu
Also read: Luggage retail chain Witco shuts business after 65 years due to Covid-19 curbs