Suba Hotels signed a term sheet to operate a 46-key Click Hotel in BKC, Mumbai. The revenue-sharing deal runs 15 years with a 10-year extension option.
Execution
15 years, with a further 10-year extension by mutual agreement
Suba Hotels opened its 7th hotel, Quality Inn Serenity, in Lucknow with 36 rooms under a management agreement. It is the third Choice Hotels portfolio property.
Suba Hotels opened its 7th Bengaluru property, Click Hotel Galaxy at Mylanahalli, with 54 rooms and an in-house restaurant. This expands the company's hospitality footprint in Karnataka.
Suba Hotels signed a 10-year franchise-management term sheet for a 40-key Quality Inn in Bodinayakanur, Tamil Nadu. This expands its asset-light portfolio in the region.
