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Sovereign Wealth Funds Briefing - Categorized | Investment

Accor earmarks USD 150 mln investment in India by 2014

Posted on 20 August 2010

From Businessghana.com: While Pacifica, a joint venture between the Government of Singapore Investment Corporation and Host Hotels and Resorts, has 36 per cent stake in the fund, Accor and Interglobe holds the remaining stake.
“We are in great expansion mode in India. We are going to invest on building hotels in the midscale and economy segment,” Accor Chief Executive Officer Gilles Pelisson said……………………………………….Full Article: Source

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