Marriott International's First Westin Residences Project in India Gets a Boost with Cyril Amarchand Mangaldas' Assistance
Cyril Amarchand Mangaldas' Real Estate team advised on the matter, led by Ashish Jain, Partner, with support from Devinder Kumar, Senior Consultant, and other team members.
Cyril Amarchand MangaldasMarriott InternationalWestin ResidencesReal EstateIndiaReal EstateSep 07, 2024
The CAM team advised on various aspects of the project, including the framework for sale of units and subsequent maintenance of common areas in applicable real estate projects across India, with a focus on projects in Haryana. They also undertook title investigation of the land parcels forming part of the project and advised Marriott on related aspects from time to time on the overall structure of the project.
Furthermore, the team prepared and negotiated sophisticated transaction documents relating to licensing of marks and management in connection with the proposed residences project. The project is being developed by Whiteland Corporation Private Limited and proposed to be managed by Marriott post completion.
The Real Estate team of Cyril Amarchand Mangaldas advised on the matter. The transaction was led by Ashish Jain, Partner; with support from Devinder Kumar, Senior Consultant; Shorya Choudhary, Senior Associate; Siddharth Iyer, Senior Associate; Rohan Chugh, Associate; Yash Jain, Associate; and Shubham Mittal, Associate.
The transaction was signed on 4th July, 2024.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas is India's largest and most diversified law firm, with over 750 lawyers and 120 partners. The firm has a long history of advising on complex and high-stakes transactions, and has been consistently ranked as one of the top law firms in India.
About Marriott International
Marriott International, Inc. is a leading global lodging company with more than 7,000 properties across 131 countries and territories. The company operates and franchises hotels and licenses vacation ownership resorts under a range of brands, including Westin, Marriott, and Courtyard.
Tags Cyril Amarchand Mangaldas, Marriott International, Westin Residences, Real Estate, India
FAQs
Q What is the significance of Marriott International's first Westin Residences project in India?
A The project is expected to be Marriott's largest branded residency in India and marks a significant milestone for the company's expansion in the country.
Q Who advised Marriott International on the project?
A Cyril Amarchand Mangaldas' Real Estate team advised on the matter, led by Ashish Jain, Partner.
Q What was the scope of work for Cyril Amarchand Mangaldas on the project?
A The team advised on various aspects of the project, including the framework for sale of units and subsequent maintenance of common areas, title investigation, and preparation of transaction documents.
Q Who is developing the project?
A The project is being developed by Whiteland Corporation Private Limited.
Q When was the transaction signed?
A The transaction was signed on 4th July, 2024.
Frequently Asked Questions
What is the significance of Marriott International's first Westin Residences project in India?
The project is expected to be Marriott's largest branded residency in India and marks a significant milestone for the company's expansion in the country.
Who advised Marriott International on the project?
Cyril Amarchand Mangaldas' Real Estate team advised on the matter, led by Ashish Jain, Partner.
What was the scope of work for Cyril Amarchand Mangaldas on the project?
The team advised on various aspects of the project, including the framework for sale of units and subsequent maintenance of common areas, title investigation, and preparation of transaction documents.
Who is developing the project?
The project is being developed by Whiteland Corporation Private Limited.
When was the transaction signed?
The transaction was signed on 4th July, 2024.
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