Hospitality and Services
Trilegal routinely assists hospitality businesses in resolving an array of legal challenges concerning management services and property development agreements, statutory compliances and due diligence, disputes arising from franchise and license agreements, joint ventures, M&A, and construction.
India is regarded as one of the world’s major travel destinations, making the hospitality industry one of the crucial drivers of growth in the services sector. The hospitality and services industry in India continues to grow at a tremendous rate, influenced by significant investments, collaborations and partnerships. The increasing popularity of adventure tourism, eco-tourism and medical tourism has added to the growth of the sector in India, resulting in the development of multiple-use infrastructure, including hotels, resorts and restaurants.
According to India Brand Equity Foundation, the inflow of foreign direct investment in the sector is pegged at USD 16.38 billion between April 2000 and March 2022. The government is also introducing policy frameworks to streamline operations in the sector, such as the National Integrated Database of Hospitality Industry (NIDHI 2.0) scheme, which entails maintaining a database of hospitality sector components and enabling digitalisation by encouraging hotels to register. This scheme is intended to serve as a platform for organisations in the hospitality sector to share new ideas and best practices, and connect with the government for ease of doing business. On the same lines, the government has extended Emergency Credit Line Guarantee Scheme (ECLGS) up to March 2023 and has attributed INR 50,000 crores for sectors related to hospitality, on account of the disruptions caused by the COVID-19 pandemic.
At Trilegal, we are uniquely positioned to meet the full lifecycle requirements of clients in the hospitality and leisure space and offer practical solutions. Trilegal routinely assists hospitality businesses in resolving an array of legal challenges concerning management services and property development agreements, statutory compliances and due diligence, disputes arising from franchise and license agreements, joint ventures, M&A, and construction. We have worked closely with hotel chains, owners, developers, resorts, leisure complexes, theme parks, health and fitness facilities, restaurants, and start-ups to provide high-quality legal advice on complex corporate and regulatory matters, acquisitions/disposals, construction, employment, data privacy, litigation, real estate and tax issues.
Some of our clients in this space include –
- Louvre Hotels Group
- Marriott
- Shangri-la
- Carlson Hotels
- India Hospitality Corporation
