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MBD Group looking to acquire stressed hotels for expansion

Monday, 15 Apr 2019
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Hospitality firm MBD Group is exploring acquisition options for some of the stressed hotels in Delhi and might close a deal in the next few months.

Apart from Delhi, Mumbai and Goa are two other markets where the company is evaluating acquisition options. The company, which recently launched its budget hotel brand MBD Express, plans to sign 12 agreements under this division by the end of FY20.

To begin with, the first two agreements will happen in the Delhi-NCR region by the Q2/FY20.

 
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