Panoramic Universal acquires stake in Sri Vatsa Hotels, Hi-Flyers Travel Services
Panoramic Universal, a Mumbai-based company having interests in hospitality and information technology, has informed that it has acquired 51% stake in Sri Vatsa Hotels for an undisclosed amount.
The company aims to construct a four star hotel with nearly 90 rooms in the said commercial complex through SVPHL or its subsidiary or by itself.
In a separate release, Panoramic Universal has also bought remaining 21.93 % shares of Hi-Flyers Travel Services, a travel agency catering to premium corporate and HNI clients like Sharekhan, Akruti Foundation, SSKI, Jain Irrigation, Supreme Industries, Borroughs India and several other Companies.
With the acquisition, Hi-Flyers Travel Services has become a wholly owned subsidiary of the company.
Panoramic intend to offer a comprehensive travel solutions to its customer right from travel arrangements to staying in its own hotels. The company has plans to launch a travel portal of its own very shortly.
