Manglam Group is betting $42 million on a Sheraton in Jaipur, and the per-key cost looks reasonable until you start thinking about what a management contract with Marriott actually costs an Indian owner over 20 years.
Two branded hotels in Jaipur had their properties sealed by the municipal government over nearly two decades of unpaid urban development taxes. The speed of payment once enforcement actually happened tells you everything about how tax compliance works in Indian hospitality.
Jaipur's municipal corporation physically sealed properties tied to Marriott and Ramada hotels over nearly two decades of unpaid local taxes. The speed of payment tells you everything about who actually had the money and who was just waiting to see if enforcement was real.
