Palladium Hotel in Mumbai to be managed by St. Regis

Pallazzio Hotels & Leisure's 390-room Palladium Hotel in central Mumbai will soon turn into a St. Regis, as the hotel brand settled a deal to manage the property. 

The hotel was earlier managed by Hong Kong-based Shangri La Hotels and Resorts. In September 2013, Pallazzio Hotels and Shangri-La mutually ended their involvement with one another, just nine months after the hotel became operational.

Since then, Pallazzio Hotels has been in talks with international hotel chains, also including Marriott, Hyatt and the Intercontinental Hotel Group, for a management deal.

The Mumbai St. Regis would mark the debut of Starwood's luxury brand in India.