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Mantri has signed a management contract with the Hyatt Hotels & Resorts to bring four luxury and business class hotels to Bangalore under premium Hyatt brands Grand Hyatt, Hyatt Regency and Hyatt Place.
In 2006, Morgan Stanley Real Estate invested Rs. 300 Crores ($ 68 Million) in Mantri Developers. Amarchand acted as the legal advisers to Mantri in that transaction, while Wadia Ghandy advised Morgan Stanley Real Estate.
Sai Krishna Bharathan, Partner at AZB, advised Mantri Developers on the hotel operating services agreements and trademark license agreements with Hyatt. Platinum Partners represented Hyatt in the negotiations and on various regulatory issues.