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Upon acquisition, Dhara Dhevi only had a hotel operating license for 64 of its rooms, with the remaining 59 unlicensed pending an environmental impact assessment.
Operating with a full staff of approximately 400 for only partially licensed rooms, and offering generous 5-star employee benefits, Dhara Dhevi predictably incurred substantial annual losses.
Regarding occupancy, from October 2019 to early January 2020, the hotel…
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