Blackstone Acquires 50% Stake in Taj Aravali

Blackstone Group, a big company that manages investments, bought half of a fancy hotel in Udaipur, India, called Taj Aravali Resort & Spa.

They paid between $100 and $110 million for this half.

The hotel is currently run by another company called IHCL.

The hotel is going to get bigger and fancier, with more rooms and suites.

Blackstone is also looking to buy parts of other hotels in India.

Many investors are interested in hotels in India because more people are traveling, and hotels are making good money.

The hotel industry in India is growing fast, with more rooms being added every year.