Authorities of the popular five-star hotel in Mumbai, Hyatt Regency, on Monday, June 7, 2021, temporarily suspended the operations due to financial reasons. Employees were informed via a notice which stated that the decision will be applicable until further notice.
It added that the hotel has not been receiving funds from the Asian Hotels (West), due to which the hotel is not able to operate and pay the salaries to its staff members.
In an interview with CNBC-TV 18, the Vice President and Country Head of Hyatt, Sunjae Sharma, shared that the future reservations will also be unavailable temporarily via the Hyatt booking channels. He added that the team is working towards resolving the matter and are closely working with the owners for the same.
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There were no guests currently at the hotel located on the Airport Road, and as of now, all the bookings for the future will be applicable for Grand Hyatt. Decisions regarding the staff members have not been taken yet.
Owners of the luxury hotel, Asian Hotels West, in Q3 FY21, reported a loss of INR 11 crore. The firm's subsidiary company Aria Hotels and Consultancy Services Private Limited, currently operates two hotels in the country - one in Delhi and the other in Mumbai. Besides the above mentioned figure, Asian Hotels West, for the nine months of the fiscal year, reported a loss of INR 31.9 crore, mentioned the CNBC-TV 18 report.
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The coronavirus pandemic has affected the hospitality industry significantly, and over the last few months, several businesses have shut operations due to financial concerns.
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