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Noesis strengthens hotel market by signing with Ramada Plaza by Wyndham
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Wednesday, 29 September, 2021, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Noesis, Asia’s leading hotel investment advisory firm having experience of more than a decade of providing integrated professional services to the hotel owner, investors operators, financial institutions, unveiled successful facilitation of one more landmark hotel brand affiliation signing of a 300-room hotel with Wyndham Hotel & Resorts.
The hotel will be branded as Ramada Plaza by Wyndham Mumbai Sahar. The hotel is owned by Masa hotels, the group is having a portfolio of 10 hotels across Europe, Africa, the Middle East, and India.
This hotel is conveniently located next to Mumbai International Airport. Mumbai is the financial capital of the country. Mumbai International Airport ranks as the second busiest airport in the country in terms of total and international passenger traffic with close to 50 Mn passengers annually.
The hotel is scheduled to open by June 2022. Upon opening, the newly built 300 keys Ramada Plaza by Wyndham Mumbai Sahar will be positioned as an upscale full serviced transit hotel which will fill the vacuum for the upscale hotel within a 1 km radius from the Mumbai international airport as the entire existing operational rooms supply is in luxury or Upper upscale category.
The hotel, featuring well-appointed suites and rooms, a lobby lounge, an all-day dining, meetings and event spaces, a business center, wellness areas, kids’ entertainment areas, and an outdoor swimming pool. The hotel will cater to domestic and foreign corporate travellers, transient leisure travellers, crew, and airline businesses among others.
Nandivardhan Jain, founder and chief executive officer, Noesis Capital Advisors, said, “We are proud to successfully advise our client Masa group, first by facilitating the acquisition of this magnificent 300 rooms hotel at brownfield stage, then giving development consultancy and now facilitating brand affiliation tie-up with Wyndham Hotels. We are committed to this hotel and would extend our thanks to Masa group leadership for restoring faith in the Noesis team for appointing us as their exclusive consulting partners. We are excited to give pre-opening advice and asset management services to this hotel.”
Sabir Rassul, director, Masa Hotels Private Limited, said, “This is the flagship hotel of the Masa Hotel Group, and we are very proud to have partnered Wyndham Hotels & Resorts to bring one of their most popular brands Ramada Plaza in the vicinity of Mumbai International Airport at Sahar”. We would also like to extend our special gratitude to the Noesis Capital Advisors team and their CEO Nandivardhan Jain for facilitating the acquisition of this beautiful hotel and holding our hands throughout the process of hotel development, brand search and contract negotiation.”
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