Rumour mills are rife that KTR has bought out T Subbarami Reddy’s Park Hyatt that is located in the heart of Banjara Hills Road No. 2. It is buzzed that one of KTR’s friends have bought Park Hyatt for a fancy deal and the star hotel’s name has been changed now to Rolex.
Apparently, Park Hyatt had been on sale for a while as Subbarami Reddy wants to sell it off. Finally, a close friend of KTR said to have bought the hotel.
Meanwhile, it can be noted that popular regional news channel TV9 also went into the hands of close friends of KCR’s family. My Home’s Jupally Rameswar Rao had invested into TV9. Looks like, friends of KCR and KTR are getting into a lot of businesses.
