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Macrotech Developers has emerged as the successful bidder for Mumbai-based V Hotels Ltd, owner of Tulip Star, formerly known as Centaur Hotel Juhu.
V Hotels has real estate assets that can be developed for residential and allied uses, Macrotech Developers said in a regulatory filing.
In May 2002, V Hotels had acquired Centaur Hotel Juhu Beach from Hotel Corporation of India under the Centre's divestment program
The hotel has a 6.1-acre land parcel on Juhu Tara Road in Mumbai's western suburb Vile Parle. The existing development has around 367 keys with restaurants, large banquets, and a small retail component. However, the hotel is currently non-operational.
