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ITC emerges as highest bidder for Park Hyatt Hotel

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Capital Market

Located in Goa

ITC announced that IFCI has informed the Company vide letter dated 23 February 2015 that the Company has been declared as the highest / successful bidder for Park Hyatt Hotel located at 263-C Arossim, Cansaulim, Goa along with land and built up area of the hotel together with all buildings and structures and plant & machineries. The aforesaid assets of Blue Coast Hotels were put up on sale by IFCI through public auction under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

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First Published: Feb 23 2015 | 6:02 PM IST

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