Mumbai: Hyatt Regency Temporarily Suspends Operations due to Lack of Funds.

Hyatt Regency issued a formal statement as…

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. As a consequence, the decision has been taken to temporarily suspend all operations for Hyatt Regency Mumbai with immediate effect. The hotel will remain closed until further notice.

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