MUMBAI: Hotel Devigarh Palace, the royal residence of the rulers of Delwara principality of the 18th century, has been sold by the Xander Group to a royal family of Jodhpur, Rajasthan, for around Rs 90 crore. “Xander Group, which has invested in the property in 2006 wanted to exit its investment. It took us 11 months to finalise the deal, mainly because the current market conditions for hospitality sector in the state is sluggish”, Vaibhav Jain, President of Ashika Capital, which ass .. Read more at: http://economictimes.indiatimes.com/articleshow/50125064.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesXander Group sells Devigarh Palace for around Rs 90 crore
Industry: Hotel 2015-12-11
