Claridges gains full ownership of SeaRock Hotel

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THE Claridges Hotels and Resorts would assume full ownership of the 410-room SeaRock Hotel in Bandra, following a settlement reached with mutual consent at the Mumbai High Court on Tuesday.

The Claridges Hotels and Resorts, which already has 70 per cent stake in the hotel, would buy the remaining 30 per cent stake of the S.B. Luthria group at a valuation of Rs 132 crore.

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