NEWS| Third-party management a sunrise biz in hospitality

Entertainment World Developers (EWDPL), a partner firm of Phoenix Mills, is in the final stages of tying up with London’s AIM-listed hospitality company, Indian Hospitality Corp (IHC), to run its five 3-star hotels in the country, said a top company executive.

EWDPL was earlier in talks with Sarovar Hotels and Resorts to manage its 11 hotel properties, but these did not materialise, the executive said. EWDPL’s budget hotels are coming up in tier-II cities such as Nanded, Ujjain, Raipur, Jabalpur and Bhilai and are expected to be completed in the next 6-9 months

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