1. Nepal’s CG Group to invest Rs 50 cr in Concept Hospitality

Nepal’s CG Group to invest Rs 50 cr in Concept Hospitality

Nepal-based Chaudhary Group (CG) Hotels and Resorts has taken a strategic decision to invest in Concept Hospitality, which owns...

By: | Updated: May 4, 2015 1:06 PM

Nepal-based Chaudhary Group (CG) Hotels and Resorts has taken a strategic decision to invest in Concept Hospitality, which owns The Fern Brand in India (Fern Hotels and Resorts, the Fern Residency and the Beacon). The investment amount is said to be approximately R50 crore.

Following this investment, Concept Hospitality will manage hotels belonging to CG Hotels and Resorts. CG Hotels and Resorts will help all hotels under its umbrella by offering a broader platform.

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