NEW DELHI: Mumbai-based hospitality firm, the Suba Group, which operates in the mid-tier segment, has acquired a controlling stake in the leisure budget hospitality chain, 1589 Hotels. 1589 Hotels portfolio has a strong presence in leisure and wedding destinations which will open new avenues of growth for Suba," said Mansur Mehta, managing director of Suba Group of Hotels. “We are looking to acquire small hospitality chains across South and East markets as well which will truly make us a pan-India hospitality chain. The new-age mid segment hotel chain will directly manage 50 prime hotel properties across India, UAE, and Nepal. Suba Group of Hotels diversified into two brands, namely Suba Hotels (three and four-star hotel chain) and Click Hotels (a new-age budget hotel), in 2015.

Source: Mint June 30, 2021 03:00 UTC