The decision was taken as a result of no funds forthcoming from Asian Hotels (West) Ltd, the owner of Hyatt Regency Mumbai, to sustain the hotel’s operations

On a day when hotels and restaurants in Mumbai were in a celebratory mood following relaxations announced by the state government that allowed them to open partially, Hyatt Regency shared a shocking missive with its employees.

A letter by Hardip Marwah, the hotel's General Manager (Hotelier India has a copy of it) informed all the on-roll staff of the hotel “that no funds are forthcoming from Asian Hotels (Wset), the owner of Hyatt Regency Mumbai to enable payment of salaries of to support the operations of the hotel. This has compelled the property to suspend its operations temporarily.

Sunjae Sharma, Vice President and Country Head – India, Hyatt told Hotelier India, “As a result of no funds forthcoming from Asian Hotels (West) Ltd, the owner of Hyatt Regency Mumbai, to sustain the operations of the hotel, a decision has been taken to temporarily suspend all operations for Hyatt Regency Mumbai. The hotel will remain closed until further notice. At Hyatt, our guests and colleagues are a top priority, and we are working closely with the hotel’s owner to resolve this situation.”

He added that future reservations through Hyatt booking channels will remain temporarily unavailable.
In addition to Hyatt Regency Mumbai, Asian Hotels has another property in India, JW Marriott New Delhi Aerocity, which is owned by its subsidiary company, Aria Hotels, and Consultancy Services. In February 2021, Sushil Kumar Gupta resigned as Chairman and Managing Director of the company.

As per its annual report for 2019-20, Asian Hotels (West) had an outstanding debt of INR 218.46 crore as on 31st March 2020. Its total income during the financial year was INR 143 crore as against INR 159 crore during in 2018-19. It registered INR 2.84 crore profit before tax in 2019-20 as against INSR 16.58 in the previous financial year.

The company was originally incorporated as Chillwinds Hotels Pvt Ltd in January 2007 and became a public limited company in August 2007, when its name was changed to Chillwinds Hotels. It entered into a scheme of arrangement and demerger with Asian Hotels Limited, which is now known as Asian Hotels (North) Limited, and its shareholders and creditors and Vardhman Hotels Limited, now known as Asian Hotels (East) Limited and its shareholders in 2010. Following this, the company’s name was changed to Asian Hotels (West).

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