Announced Mon, 26 Oct, 2026 · 17:28 IST
Suba Hotels signs management term sheet for Click Hotel BKC
SUBAHOTELS · price
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AI summary
Suba Hotels has executed a term sheet with Triumph Developers to operate, manage and market the 46-room Click Hotel in BKC, Mumbai under its brand. The hotel covers about 33,000 square feet. The proposed revenue-sharing agreement is for 15 years, with a possible 10-year extension by mutual consent. It is not a related-party transaction, and the revenue split was not disclosed.
Likely market impact
Supports growth without buying the property, but earnings impact is unclear because the revenue split and final terms have not been disclosed.