NOESIS facilitates signing of new 300-room upscale Ramada Plaza by Wyndham Mumbai

NOESIS continues to strengthen the Mumbai hotel market by facilitating a 300-room hotel signing with Ramada Plaza by Wyndham next to Mumbai International Airport.

Noesis signing of a 300-room hotel with Wyndham Hotel & Resorts
Noesis signing of a 300-room Ramada Plaza by Wyndham Mumbai Sahar
with Wyndham Hotel & Resorts

NOESIS, Asia’s leading hotel investment advisory firm having experience of more than a decade of providing integrated professional services to the hotel owner, investors operators, financial institutions, announced the successful facilitation of one more landmark hotel brand affiliation signing of a 300-room hotel with Wyndham Hotel & Resorts. The hotel will be branded as Ramada Plaza by Wyndham Mumbai Sahar.

The hotel is owned by MASA hotels, the group has a portfolio of 10 hotels across Europe, Africa, the Middle East, and India.

This hotel is conveniently located next to Mumbai International Airport. Mumbai is the financial capital of the country. Mumbai International Airport ranks as the second busiest airport in the country in terms of total and international passenger traffic with close to 50 Mn passengers annually. The hotel is scheduled to open by June 2022.

Upon opening, the newly built 300 keys Ramada Plaza by Wyndham Mumbai Sahar will be positioned as an upscale full serviced transit hotel which will fill the vacuum for the upscale hotel within a 1 km radius from the Mumbai international airport as the entire existing operational rooms supply is in luxury or Upper upscale category.

The hotel, featuring well-appointed suites and rooms, a lobby lounge, an all-day dining, meetings and event spaces, a business center, wellness areas, kids’ entertainment areas, and an outdoor swimming pool. The hotel will cater to domestic and foreign corporate travelers, transient leisure travelers, crew, and airline businesses among others.

Nandivardhan Jain, Founder & Chief Executive Officer, Noesis Capital Advisors said: “We are proud to successfully advise our client Masa group, first by facilitating the acquisition of this magnificent 300 rooms hotel at brownfield stage, then giving development consultancy and now facilitating brand affiliation tie-up with Wyndham Hotels. We are committed to this hotel and would extend our thanks to Masa group leadership for restoring faith in the Noesis team for appointing us as their exclusive consulting partners. We are excited to give pre-opening advice and asset management services to this hotel.”

Masa Hotels Private Limited is a part of the Masa Group having business operations spread across Europe, the Middle East, India, and Africa. Masa owns ten hotels, and the opening of their Mumbai hotel will be an important milestone in the company’s expansion plans in Asia.

Sabir Rassul, Director, Masa Hotels Private Limited said: “This is the flagship hotel of the Masa Hotel Group, and we are very proud to have partnered Wyndham Hotels & Resorts to bring one of their most popular brands Ramada Plaza in the vicinity of Mumbai International Airport at Sahar. We would also like to extend our special gratitude to the Noesis Capital Advisors team and their CEO Nandivardhan Jain for facilitating the acquisition of this beautiful hotel and holding our hands throughout the process of hotel development, brand search & contract negotiation”.

Once the hotel is operational in June 2022, this hotel will provide more than 2500 direct and indirect jobs to Mumbai city.

Read More: News

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