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Signum enters into a JV with IQI India


Signum Hotels & Resorts on April 7 announced a joint venture with real estate player IQI India.
The JV committed an investment of $150 Million in developing hotel assets across the country and globally over a period of two to five years, said a press release.
The partnership will capitalise on the opportunity to identify and acquire assets at competitive deals, and aims to develop 5,000 keys over a period of next two to five years. The expansion will be fueled through mergers, acquisitions and property investments across metros, Tier-2 and 3 cities to promote domestic as well as inbound tourism, added the release.
IQI India is the India arm of the global IPC IQI based in Malaysia having operations in 17 countries through PaMa D’Globizen.
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