India's First Ritz-Carlton Will Cost Less Than ₹3 Crore Per Key. Let's Talk About What That Buys.
Mindspace REIT and Chalet Hotels just locked in a 330-key luxury development in Hyderabad at a per-key cost that would make most Western developers do a double take. The real story isn't the Ritz-Carlton sign... it's the deal structure underneath it and what it tells us about where luxury hotel development actually pencils right now.