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(From Business Line)
from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 27 - Emaar MGF and Accor, on Monday announced the formation of a joint venture, Budget Hotels India Private Ltd, to bring Formule 1 brand of budget hotels to the country
The new venture plans to invest $300 million over the next decade
The company has already identified potential locations for the development of Formule 1 …