Hyatt Regency Hotel Mumbai Temporarily Shuts Down Due To Financial Crunch. The Hyatt Regency Hotel in Mumbai, one of the best 5-star hotels in the city on Monday announced that it will be temporarily shut down until further notice. Indicating the financial crunch it faces, the hotel’s authorities have claimed that they have no money to pay salaries.
Hyatt is an American hospitality company that manages and franchisees hotels. They have multiple franchisees all over India. It is managing the Mumbai property on a contract basis on behalf of Asian Hotels (West).
In a short notice released on Monday, the hotel General Manager Hardeep Marwah said the parent firm had not sent money for the operations of the Hotel.
“This is to inform all the on-roll staff of the hotel that no funds are forthcoming from Asian Hotels (West) Ltd, the owner of Hyatt Regency Mumbai, to enable payment of salaries or to support the operations of the hotel,” Mr. Marwah wrote.
“As a consequence, the decision has been taken to temporarily suspend all operations…with immediate effect. The hotel will remain closed until further notice.” said the authorities.