Hyatt Regency has suspended its operations in Mumbai as its owner Asian Hotels (West) Ltd has not been able to finance the hotel.

Sunjae Sharma, Vice President & Country Head - India, Hyatt said: "As a result of no funds forthcoming from Asian Hotels (West) Ltd, the owner of Hyatt Regency Mumbai, to sustain the operations of the hotel, a decision has been taken to temporarily suspend all operations for Hyatt Regency Mumbai. The hotel will remain closed until further notice."