Hyatt Regency Mumbai closed until further notice due to fund crunch
Five-star hotel property Hyatt Regency Mumbai on Monday issued a notice informing its on-roll staff that no funds are forthcoming from Asian Hotels (West) Ltd, that owns the property, to enable payment of salaries or to support the operations of the hotel. Therefore, the hotel has to be closed until further notice. Hyatt is an American hospitality firm that manages and franchises hotels. Hyatt is managing the property in Mumbai on a contract basis on behalf of Asian Hotels (West) Ltd. Hospitality industry old hand and former…