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We have entered into a management agreement with intercontinental hotel group to manage a Holiday Inn
  branded hotel in Kolkata. This is in addition to the agreement signed for a Holiday Inn hotel and convention centre in Dehradun.
   
We have entered into an operation agreement with Marriott Hotels India private Limited with respect to the
 
development, operation and management of hotel under the “Courtyard by Marriott” brand in Amritsar and under the “JW Marriott” brand in Kolkata respectively.
   
A letter of intent has been signed with Four Seasons Hotels limited with respect to the development,
 
operation and management of a hotel under the “Four Seasons” brand in Hyderabad.
   

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