Anant Raj plans to sell two hotels for estimated Rs. 900 crore.

Realty firm Anant Raj is planning to sell two hotel properties in the Delhi-NCR region for an estimated Rs. 900 crore as part of the company's strategy to monetise non-core assets.

The Delhi-based firm has 11 hotels, out of which, 6 hotels are completed while 5 other hospitality projects are under construction.

Anant Raj leases its commercial properties - office, shopping malls and hospitality projects - to obtain steady cash flows. It has also leased out some of its hotels to hospitality firms - Mapple Group and Royal Orchid.

According to sources, Anant Raj is looking to divest at least two hotels from its portfolio, that have a potential sale value of about Rs. 800-900 crore.

ET