Accor picks 40% stake in Sofitel project

Follow Prabhjot Bedi on Twitter French major Accor SA had to pay Rs 71 crore to Shree Naman Hotels Pvt Ltd, the hospitality arm of real estate firm, Naman Developers. Earlier this year, the realty company acquired a two-acre plot at Bandra-Kurla Complex for Rs 204 crore from the Mumbai Metropolitan Region Development Authority.

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