Hyatt Regency owner’s stock plunges as hotel suspends operations
The stock has fallen 19.4% so far in the calendar year 2021. It is down 17% for the one-year period and 33% for the three-year period.
Synopsis
Shares of Asian Hotels (West) recorded their biggest fall in 15 months after Hyatt Regency Mumbai announced suspension of operations citing a fund crunch.The stock fell 13% to close at ₹209.70, its biggest one-day decline since March 2020.
Mumbai: Shares of Asian Hotels (West) recorded their biggest fall in 15 months after Hyatt Regency Mumbai announced suspension of operations citing a fund crunch.
The stock fell 13% to close at Rs 209.70, its biggest one-day decline since March 2020.
American hospitality company Hyatt is managing the Mumbai property on a contract basis on behalf of Asian Hotels (West). Hyatt Regency wrote to its employees that it is taking this decision as a
