News articles tagged Hotel

Chiranjeevi lauds infra status for hotels

Hotels and convention centers are now included in the master list of infrastructure, a move praised by the Tourism Minister which is likely to boost the hospitality sector.

Top Brand Hotels looking for growth on Noida-Greater Noida Expressway.

Noida-Greater Noida Expressway to become a major hotel hub with 2,500 new rooms. Major brands like Marriott, Hyatt, and Oberoi are showing interest due to land availability and mixed-use projects.

Jaipur Tourism City - India's First tourism city with 300 acres entertainment, retail and residential space

Jaipur Tourism City, a 400-acre mixed-use destination resort, promises to be India's first vacation city featuring retail, hotels, attractions, and residential spaces.

Janpath, Samrat hotels to get posh makeover

ITDC is renovating Hotels Janpath and Samrat in New Delhi. Hotel Janpath will feature in-room spas and a rooftop solarium, with an estimated investment of Rs 45 crore.

PVP sells property to SRM

PVP Ventures sells Vadapalani property to SRM for Rs 140 crore, plans to focus on core businesses

Hotels focus on value play to beat slowdown

Premium hotel room rates drop 25% due to occupancy decline. Hotels target steady segments like cabin crews and long-stay programs to combat the slowdown.

Unitech repays Rs 200-crore loan to Indiabulls Financial

Real estate player Unitech repays Rs 200-crore loan to Indiabulls Financial Services through asset monetisation and internal debt restructuring.

Zuri brand of hotels in India

Phoenix Group Global launches Zuri brand of luxury hotels and resorts in India. First hotel to open in Bangalore, with plans for five more across the country.

FIPB Clears Rs 100 Crore FDI

JP Morgan Chase eyes 18% stake in Core Hotels Ventures for $14m, subject to final approval from Finance Minister P Chidambaram. FDI received previously from Indus Hotels Mauritius.

Berggruen In A Thousand Crore Rupees Expansion

Berggruen Holdings plans to invest over Rs 1,000 crore in India by 2012 to establish 3- and 4-star hotels. The company has secured funding from IDFC and is exploring additional funding options.

Slowdown In International Real Estate Transactions

Global property market transactions fell 46% in Q1 2008, but investment in Asia and emerging markets continued to grow, driven primarily by acquisition of land and development rights.

Five Realty Firms Submit EOI For Five Star Hotel

Five major realty companies, including B L Kashyap and Sons, are bidding to develop a Rs 100-crore five-star hotel in Bathinda, Punjab, under a public-private partnership.

Lippo To Invest In Asia

Lippo Group plans to invest $10 billion in Asian property markets over the next five years, focusing on retail, residential, hospital, and hotel projects in emerging markets like China and Indonesia.

Lehman Bros Arm To Buy 50% In Unitech Project

Lehman Brothers invests $175 million in a Mumbai mixed-use project with Unitech and local partners. The project includes 1 million sq ft of office space, part of an 18 million sq ft master plan.

The Paul Hotels and Resorts to develop South Indian hotel.

Paul Hotels & Resorts is investing Rs 180 crore to develop two hotels in Mysore and Hampi, Karnataka, within the next two years.