Hyatt Regency Mumbai says working to resolve situation after temporarily suspending operations amid ‘Financial Crunch’

New Delhi: One of the most popular 5-star hotels in Mumbai-Hyatt Regency has temporarily suspended all its operations as its asset owner Asian Hotels (West) is facing financial crunch.

Last night, Hyatt Regency issued a statement which informed its staff that the property owner lacks funds to support the operational expenses of the hotel including payment of salaries. Thus, the hotel will remain shut until further notice.

“This is to inform all the on-roll staff of the hotel that no funds are forthcoming from Asian Hotels (West) Ltd., the owner of Hyatt Regency Mumbai, to enable payment of salaries or to support the operations of the hotel,” the hotel General Manager Hardeep Marwah said in a statement.

“Consequently, the decision has been taken to temporarily suspend all operations…with immediate effect. The hotel will remain closed until further notice”, he added.

Hyatt Regency Mumbai says working to resolve situation after temporarily suspending operations amid 'Financial Crunch'

Meanwhile, speaking to news agency PTI, Sunjae Sharma, Vice President and Country Head – India of Hyatt said that they are working closely with the hotel’s owner to resolve this situation. “Our guests and colleagues are a top priority, and we are working closely with the hotel’s owner to resolve this situation,” Sharma said.

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