New Delhi, April 16 -- As hotel businesses rush to add more rooms and hotel inventory, Marriott International, the company behind hotels like JW Marriott, Westin, W and other brands, will invest a significant stake in Mumbai-based Concept Hospitality.

The three-decade-old company manages around 125 hotels in India and operates under six brands, including The Fern and The Zinc, through a joint venture with CG Hospitality Global. Nepali billionaire Binod Chaudhary's CG group owns a majority stake in Concept. The group is primarily known for its Wai Wai Noodles brand. This is expected to be Marriott International's first direct investment in the country, and has earmarked around $15 million for the investment, those in the know toldMint. Th...