Max Estates to acquire Accord Hotels & Resorts for Rs 306 crore; to enter the housing section

Max Ventures and Industries Ltd (MaxVIL) on Monday said it will acquire Accord Hotels and Resorts Pvt Ltd, which owns 10 acres of land in Noida, for Rs 306 crore. Maxville said in a statement that its arm Max Estates Ltd will acquire 100 per cent equity in Accord Hotels & Resorts. After the Rs 306 crore acquisition, Accord Hotels & Resorts will become a 100 per cent subsidiary of Max Estates. Accord Hotels & Resorts owns a fully paid-for 10-acre land parcel located in Sector 128, Noida. This acquisition…