Hotels to take IPO route for expansion

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Indian hotel companies like Unison, Bharat Hotels and Ramee Group are planning to opt the initial public offering, IPO or the private placement route given an upbeat demand in the burgeoning hospitality sector in the country. Recently, Lemon Tree, Sarovar, Viceroy, Leelas, Royal Orchid have opted for private equity placement or sale of promoter share, reports The Economic Times.

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