Hyatt shuts down Hyatt Regency Mumbai temporarily, citing non-availability of funds from owner Asian Hotels (West)
Sources told ET Asian Hotels (West) is facing a severe cash crunch and looking at diluting its stake in Hyatt Regency Mumbai, and JW Marriott in Aero City, Delhi. Industry insiders said move could be a precursor of things to come for the sector battered by the second wave of Covid-19.