Business

Radisson ties up with MBD group

NEW DELHI MAY 28. As part of its ongoing efforts to have 13 more properties in the country, Radisson Hotels today announced a tie-up with the MBD Group which is opening a five-star hotel in Noida.

While the MBD group, a leading publishing house making a headway in the hotel industry, will be investing in and operating the hotel, Radisson Hotels will provide licence for brand name and management consultancy services.

"The MBD Group will be investing around Rs. 100 crores in the new property which will be in Noida,'' K. B. Kachru, Senior Vice President told reporters here today. He said the new hotel would be known as `Radisson MBD Hotel' and will have 120 rooms. "Management consultancy services along with licence for the brand name will be offered by Radisson,'' he said. Apart from this new property, the MBD group had recently bagged an ITDC hotel in Kolkata. The group is further planning to bid for other ITDC properties — PTI

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