A new investment fund that focuses on a portfolio of Indian hotel assets has been established by Accor and InterGlobe Enterprises, with each of them holding 32% equity in the fund.
The fund will initially hold the assets for seven Indian hotels located in key gateway cities in India, and invest predominantly in the upper mid-scale and upscale hotel segments.
The seven hotels are jointly owned by the two companies and will open between 2011 and 2013.
source
http://www.4hoteliers.com/4hots_nshw.php?mwi=7585