According to data from SMERGERS, globally it has 584 hotels for sale or investment on its portal. “As of June 8, of 584, 170 listed in the last one year. In India, it’s 281 of which 73 were listed in the last year,” Vishal Devanath, Founder of the company said. About 70 percent of ICRA’s hospitality portfolio applied for a moratorium, said ICRA in a recent report adding that some companies have also resorted to equity fundraising from investors and promoters.
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