Hotel industry looks, feels sunnier

Things are beginning to look better for the hospitality industry across the country, with an increase in occupancy levels to 10-30 per cent and hotel rates getting closer to the pre-recession ones….for more details visit the following link

http://www.business-standard.com/india/news/hotel-industry-looks-feels-sunnier/380465/

Westin Hotels opens at Mindspace

Westin Hotels & Resorts, with a chain of over 145 properties across 29 countries, has added The Westin Hyderabad Mindspace with 428 guest rooms and suites….for more details of the new visit the following link..

http://www.thehindubusinessline.com/2009/12/22/stories/2009122252741700.htm

Leonia to commission convention centre, expand its hotel

Leonia Holistic Destination is set to commission Leonia International Convention and Exhibition Centre (LICEC) near here, which it claims would be the country's largest such facility with a capacity to host over 6,000 people at one place.“The company is also in the process of commissioning its expansion project at Leo Celestia Hotels, stepping up the capacity from 240 to 340. We expect to expand this further and take it up to 450 rooms by March 2010,” said Mr K.S. Raju, Director, Leonia Holistic Resorts…….. for more details of the news visit

http://www.blonnet.com/2009/12/22/stories/2009122252641700.htm

Zuri plans to build two hotels, invest Rs 400 crore

Zuri Hospitality India is investing Rs 400 crore to develop two new hotels. It is also expanding in the green energy footprint by investing Rs 30 crore to build 24 windmills in Tamil Nadu….for more details visit

http://economictimes.indiatimes.com/news/news-by-industry/services/hotels-/-restaurants/Zuri-plans-to-build-two-hotels-invest-Rs-400-crore/articleshow/5324800.cms

Dax Properties setting up Rs 500 cr Golf Retreat

Dax Properties, part of Countryside Realtors Private Limited, is setting up Golf Retreat, a residential project on 300 acre at Shadnagar, about 30 km from the Hyderabad international airport……… for more details of the news visit the following link

http://www.business-standard.com/india/news/dax-properties-settingrs-500-cr-golf-retreat/378304/

Citrus Hotels to Operate about 1500 keys in 3 years

The Economic Times dt.4/12/09
Synopsis of the news: Citrus Hotels hospitality divisions of Mirah Group will invest about 4000 cr to own develop and manage 1200-1500 keys over the next three years.

Viceroy Hotels to add 3 more properties with Rs 1,000-cr capex plan

Viceroy Hotels Ltd, the Hyderabad-based hospitality player, is working on a capital expenditure plan of over Rs 1,000 crore, which would significantly expand its operations with the addition of three properties….. for more details visit the following link

http://www.thehindubusinessline.com/2009/12/05/stories/2009120552930300.htm

Marriott to have 18 properties by 2010

Hospitality major Marriott today commissioned its seventh property in India and its first Courtyard business brand hotel in the South here……

For more details visit the following link

http://www.thehindubusinessline.com/2009/12/05/stories/2009120552920300.htm

Trade show for hospitality, bakery segments gets under way

Hyderabad, Nov. 13 The third edition of the Hoteltechshow and Baketechshow, a hospitality event organised by the Samanuaya Communications, was inaugurated at Gymkhana Grounds, Secunderabad on Friday……… visit the following link for more details

http://www.thehindubusinessline.com/2009/11/14/stories/2009111451531500.htm

Bharat Hotels to invest Rs.2300 cr in new properties

Mumbai, Nov. 20 Bharat Hotels, the holding company of The Lalit Suri Hospitality Group, will invest nearly Rs 2,300 crore in hotel properties in the next four years. This will include its foray in the mid-market segment…… visit the following link for more details

http://www.thehindubusinessline.com/2009/11/21/stories/2009112150330200.htm

Tata group plans to open 30 more Gateway Hotels by 2015

Tata group-promoted Indian Hotels Company (IHCL) is planning to open 30 more hotels of its mid-segment premium brand 'The Gateway Hotel' chain by 2015, a senior company official said….. for more details click the following link

http://www.business-standard.com/india/news/tata-group-plans-to-open-30-more-gateway-hotels-by-2015/78674/on

Red Fox Hotels to make India debut in Jaipur

Red Fox Hotels promoted by Lemon Tree Hotels is all set to open its first property in Jaipur.This would be follwed by opening in East Delhi and Hyderabad in next few months….new brief in The Economic Times dt.19/11/09

Luxury hotels have more Indian guests this year

The Taj, Oberoi and Leela have just come out with their winter holiday packages and local Indians are literally all over the place compared to foreign tourists…….for more details click the following link
http://www.thehindubusinessline.com/2009/11/19/stories/2009111950570500.htm

McDonalds expanding..

for details click the following link
http://economictimes.indiatimes.com/News/News-By-Industry/Services/Hotels-/-Restaurants/McDonalds-to-spend-Rs-400-500-crore-to-open-120-outlets/articleshow/5080504.cms

Hotel Industry to add 55000 rooms in 4 years

For more details click the following link
http://economictimes.indiatimes.com/News/News-By-Industry/Services/Hotels-/-Restaurants/Hotel-industry-to-add-55000-rooms-in-4-years/articleshow/5082237.cms

Luxury Hotels Report Better Occupancy as industry Recovers

The Business Line dt.27/9/09

For details of the report click the following link

http://www.thehindubusinessline.com/2009/09/27/stories/2009092751100300.htm

Kerala tourism adds sheen with first cruise home port

Kerala tourism has added more sheen, this time on the seas, roping in Louis Cruises, rated the world's fifth largest cruise operator, to have Kochi as its home port…….for more details of the new click the following link.

http://economictimes.indiatimes.com/News/News-By-Industry/Services/Travel/Kerala-tourism-adds-sheen-with-first-cruise-home-port/articleshow/5027230.cms

Q-city, Hyderabad to develop hotel in Hyderabad

News courtesy: Economic Times dt.17/9/09

Ireland based Quinn Group has developed Q-city – a multi-tenanted commercial property in Hyderabad plans to diversify in next five years which includes a star hotel in a 4 acr property in the outskirts of Hyderabad. Quinn group manages hotels in Ireland, UK,

Visit : www.q-city.in & http://www.quinnhotels.com/

Phoenix Mills Plans 5-Star Hotels

Economic Times dt.7/9/09
A consortium let by Phoenix Mill is close to singning a pact with Marriott for its Kurla project. The project goes by the name of Phoenix Market City. In the total 25 acr hotel will occupy three lakh sq ft....The total expenditure for the hotel is 350 cr. it will have 250 rooms and will commence operation mid 2010.

Hospitality boom in Hyderabad/AP

Multiple hospitality projects are nearing completion and many more in the project stage in Andhra Pradesh/Hyderabad. Some of the upcoming projects in the star segment in Hyderabad as below.
Trident HiltonDaspalla Group
Parsvnath Hotels
Fortune Park Hotel
Viceroy Hotel Group( in Botanika)
Stamlo Hotels Pvt. Ltd. ( Dr.Reddy’s Group)
Rohini Hotels
4 Star Hotel in Hospitality Institute(NITHM)
Claridges Hotels
AP Tourism – 30 budget Hotels
Choice Hotels
Suchir India
Radission
Bridge Group
Blue Lotus (MAK Group)
Taj GVK
Sea Valley (Varun Group+ Accor )
Ista ( adding rooms)....etcHospitality/Restaurant/Bakery Visitors150+ exhibitors

Accor to have 10400 Rooms by 2012

European hospitality major Accor will make equity investment of Rs 636 crore in India for setting up 50 hotels over the next 2-3 years.....more details click the following link
http://www.business-standard.com/india/news/accor-to-invest-rs-636-cr-in-india-for-50-hotels-by-2012/72459/on

Barista to invest Rs 40 crore

Barista Coffee Company is looking at registering its maiden net profit next financial year. Currently the company is registering operating profit with a turnover of Rs 150 crore.
for more details
http://www.business-standard.com/india/news/barista-to-invest-rs-40-crore/368990/

Three 5 star Hotels to come up in Botanika Project, Hyderabad

Courtesy: The Hindu Businessline, dt.12/7/09

Koncept Ambience has roped in three 5 star in its Botanika Project. Three Hotels include: Hyatt Regency by Viceroy Hotel Group, Sarovar by Manjeera Constructions and Quinns of France. click the following link for more details

http://www.thehindubusinessline.com/iw/2009/07/12/stories/2009071250581500.htm

550 Room Trident Hilton Hyderabad in Shilparamam, Hyderabad.

Courtesy: The Hindu, dt.11/7/09

http://www.hindu.com/2009/07/11/stories/2009071157280400.htm

DRL may foray into hospitality sector

Courtesy: Times of India, dt. 29.06.09

You may have heard of pharmaceutical companies diversifying into hospitals, but for Hyderabad-based Dr Reddy’s Laboratories Limited (DRL)
a foray into hospitality seems to be par for the course.

Yes, the Rs 6900 crore turnover DRL group is learnt to be venturing into hospitality with a four-star, 200-odd rooms hotel property in Hyderabad.

Interestingly, the hotel, which is coming up over a nearly 2-acre plot on the Hitech City-Madhapur Road near My Home Navadweepa at a cost of around Rs 100 crore, is tipped to be named Stamlo after Dr Reddy’s Labs blockbuster hypertensive drug brand Stamlo, said sources in the know. In fact the project is being put up by Stamlo Hotels Pvt Ltd.

for more details click the following link….

http://timesofindia.indiatimes.com/Cities/Hyderabad/DRL-may-foray-into-hospitality-sector/articleshow/4714086.cms

Royal Orchid plans to quadruple number of rooms

Courtesy: Hindu Business Line, dt.18.06.09

Royal Orchid Hotels Ltd plans to quadruple the number of rooms from the current 1,000 rooms, including a proposal in Tanzania. Unveiling its plans, Mr Chender Baljee, Chairman and Managing Director, said the company would have built up an inventory of 2,000 rooms by 2011 by adding another 1,000 rooms through ongoing projects.……..for more details click the following link

http://www.thehindubusinessline.com/2009/06/19/stories/2009061950200200.htm

Infrastructure status for hospitality sector likely

Economic Times dt.18/6/09

Synopsis of the news: Deemed export benefits to hotels & restaurants and service tax concession for ploughing back profits are among key proposals. Granting deemed export status to the hotel industry would mean that hotels and restaurants could get access to duty free import of inputs. Foreign currency income will be treated as export income.

Taj Group will see 15 new hotels this year

Hindu Business Line dt.17/6/09

Mumbai, June 16 Indian Hotels Company Ltd, which operates the Taj Group of Hotels, Resorts and Palaces, plans to commission 15 hotels this fiscal, which will translate into an additional 1,794 rooms……for more on this news click the following link

http://www.thehindubusinessline.com/2009/06/17/stories/2009061751190200.htm

5 companies to develop hotels at Delhi airport

Courtesy: Economic Times

http://www.projectstoday.com/News/NewsDetails.aspx?smid=24&nid=26461

KTDC Plans more Tamarind Hotels

Courtesy: Hindu Business Line

In three-four months, Kerala Tourism Development Corporation (KTDC) will have 14 of its Tamarind budget hotels across the State…….for more details click on the following link

http://www.thehindubusinessline.com/2009/06/14/stories/2009061450960502.htm

Indian Hotels to acquire Sea Rock for Rs 680 cr

Courtesy: Hindu Business Line dt.13/6/09

Mumbai, June 12 Indian Hotels Company Ltd (IHCL), which runs the Taj Group of hotels, will acquire Sea Rock Hotel in Mumbai for Rs 680 crore……for more details click on the following link

http://www.thehindubusinessline.com/2009/06/13/stories/2009061351890100.htm

5 companies to develop hotels at Delhi airport

http://www.projectstoday.com/News/NewsDetails.aspx?smid=24&nid=26461

Nadathur buys into Thai hotel group

Nadathur, a $500 million fund, has acquired the stake through a group firm, Ativa Hospitality, marking its foray into the leisure business. Ativa Hospitality, which is focused on hotel development and management, will now look for similar buyouts in India, as well……..for more details click the following link

http://economictimes.indiatimes.com/News/News-By-Industry/Services/Nadathur-buys-into-Thai-hotel-group/articleshow/4646544.cms

Hoteltechshow 2009 to be held from November 13-15, 2009 in Hyderabad

Hospitalitybizindia.com

Hoteltechshow 2009 will be held from November 13-15, 2009 at Peoples Plaza, Hyderabad. The event is being organised by Samanuaya Communications. With Hoteltechshow, there will be four concurrent shows: Baketechshow, Food and Beverage Show, Spa and Wellness Show and Retailtechshow……click the following link for more details

http://www.hospitalitybizindia.com/detailNews.aspx?sid=28&aid=4565

Hotel Leela Venture to enter Jaipur, Agra

Hindu Business Line dt.15/5/09

Thiruvananthapuram, May 14 Hotel Leela Venture Ltd, which operates The Leela Kempinski chain of hotels and resorts across India, plans to start hotels in Jaipur and Agra in the next couple of years. …………click the following link for details

http://www.thehindubusinessline.com/2009/05/15/stories/2009051551010200.htm

Muthoot plans Rs 750-crore spend in hospitality sector

Hindu Business Line dt.18/5/09

Thiruvananthapuram, May 17 The Muthoot Pappachan Group, a leading brand in the non-banking financial sector, is investing Rs 750 crore in projects under various stages of implementation in South India…….for more details of the news click the following link

http://www.thehindubusinessline.com/2009/05/18/stories/2009051850231300.htm

Hotel Leela Venture to enter Jaipur, Agra

Hindu Business Line dt.15/5/09

Thiruvananthapuram, May 14 Hotel Leela Venture Ltd, which operates The Leela Kempinski chain of hotels and resorts across India, plans to start hotels in Jaipur and Agra in the next couple of years. …………click the following link for details

http://www.thehindubusinessline.com/2009/05/15/stories/2009051551010200.htm

Muthoot plans Rs 750-crore spend in hospitality sector

Hindu Business Line dt.18/5/09

Thiruvananthapuram, May 17 The Muthoot Pappachan Group, a leading brand in the non-banking financial sector, is investing Rs 750 crore in projects under various stages of implementation in South India…….for more details of the news click the following link

http://www.thehindubusinessline.com/2009/05/18/stories/2009051850231300.htm

ON Kitchen begins operations in Hyderabad

Business Line dt.28/4/09.
ON Kitchen & Bar commenced operations in Hyderabad. OK Kitchen is promoted by Sandeep Bhatia.

Tourist arrivals to India to grow

The Hindu Business Line
Thiruvananthapuram, April 25 In these tough times, the Pacific Asia Travel Association (PATA) has some encouragement for India’s travel and tourism industry.
http://www.thehindubusinessline.com/2009/04/26/stories/2009042651000500.htm

Taj group to take over Sea Rock

April 23 Times of India ( online)
The long-silent Sea Rock hotel in Bandra, where Bollywood superstar Rekha used to workout and where Salman Khan and Sangeeta Bijlani shared many cups of coffee, is getting a new lease of life. The 440-room property……..

http://timesofindia.indiatimes.com/Business/India-Business/Taj-group-to-take-over-Sea-Rock/articleshow/4436970.cms

Chennai hoteliers keep building in slowdown

April 22 Hindu Business Line
Despite a slump in occupancies (to about 50 per cent), Chennai is witnessing no slowdown in construction of hotels. Coming up in the city are as many as seven large hotels, with a total investment of over Rs 2,000 crore…….click the following link for more details..

http://www.thehindubusinessline.com/2009/04/23/stories/2009042351921700.htm.

Leela to invest $500 mn in five hotels by 2012

Courtesy: Business Standard, 2nd April 2009

Hospitality player The Leela Hotels, Palaces and Resorts is planning to invest $500 million (about Rs 2,500 crore) for opening five new
properties across the country by 2012.

http://economictimes.indiatimes.com/News/News-By-Industry/Services/Leela-Group-to-invest-500-mn-in-five-hotels-by-2012/articleshow/4344142.cms

Hotels to keep expansion in full swing

Courtesy: The Economic Times, 2nd April 2009

Synopsis of the news

A Recessionary business environment has net deterred hotel chains like Marriott, Accor, Hyatt and Roual Orchid from going a head with their expansion plans. Hoteliers view the downturn as a cyclical phenomenon and expect a revival by 2010-11.

Accor expanding its hotel network in India, with 48 hotels (9,980 rooms), which will be a mix of its brands.

Global Hyatt planning 20 new properties including 6 Hyatt Place hotels. Expansion will add around 6000 rooms

Marriott opening 24 new properties over the next few years with room inventory going over 10,000.

Royal Orchid adding additional 1,000 rooms to its inventory in 4- and 5-star category in the next 2-3 years.

Rendezvous Hotels sees more opportunities in slowdown

Courtesy: Hindu Business Line, dt. 18.03.09

Sydney-headquartered Rendezvous Hotels & Resorts International, which manages hotels, sees more business opportunities in the present times.

This, explains Rendezvous Hotels' Chief Executive, Mr Alan Featherby, is because "in good times, anyone can run a business well", but come bad times, operating inefficiencies start to show up. That is when professional operators such as Rendezvous will get mandates to run hotels.

For more details please click on following link

http://www.thehindubusinessline.com/2009/03/18/stories/2009031850851500.htm

Daspalla group's Hyderabad project to be ready by Dec..

Courtesy: Hindu Business Line, dt. 10.03.09

The Visakhapatnam-based Daspalla group expects to complete its Hyderabad project by the end of December. The group, which has been in the hospitality business for the last 25 years, is constructing a 110-room hotel in the city with an investment of Rs 27 crore…

For more details please click on following link

http://www.business-standard.com/india/storypage.php?autono=351372

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2) Department of Tourism, Andaman & Nicobar invites international bidding for development of tourism properties at four locations in Andaman & Nicobar Islands.
Advertisement in The Economic Times dt.4/3/09.Pre application conference on 27.03.09 at 14.00 hrs at IDFC, Capital Court Olof Palme Marg, Manirka, New Delhi. Contact Debashis Ghosh/ Smitha Rao< IDFC , Bangalore 080 23613014/15

Lahari Holiday Homes unveils suites with buyback offer

Courtesy: Hindu Business Line, dt. 20.02.09

Hyderabad, Feb. 19 Lahari Holiday Homes Ltd, part of the Lahari Group, has unveiled an investment-cum-vacation home opportunity – Lahari Suite Homes – in Hyderabad.

“Modelled on the lines of owning a service apartment, Lahari Suite Homes ensures that customers not only benefit by getting assured returns on their investments in terms of fixed monthly rentals and assured buyback with appreciation, but also can have free three-day stay,” Mr G. Hari Babu, Chairman, Lahari Group, said while addressing a press conference.

For more details please click on following link

http://www.thehindubusinessline.com/2009/02/20/stories/2009022051521700.htm

Country Club keeps expansion on track

Courtesy: Hindu Business Line, dt. 20.02.09

Chennai, Feb. 19 Despite the slowdown, Country Club India Ltd will continue to invest in expanding its footprint. “Our Rs 1,000-crore expansion plans are still intact, and on track,” said Mr Y. Rajeev Reddy, Chairman and Managing Director of the company.

According to him, the company, in the last 18 months, has spent close to Rs 650 crore in development and acquisition of various properties, including a 100-room boutique hotel property in Dubai for Rs 175 crore.

For more details please click on following link

http://www.thehindubusinessline.com/2009/02/20/stories/2009022051111500.htm

Fewer tourists, more sops

Airlines, hotels tie up to roll out red carpet.
Courtesy: Hindu Busuness Line, Dt. 19.02.09

New Delhi, Feb. 18 With foreign tourist arrivals during January this year declining by over 100,000 as compared with the previous year, leading airlines and hotel chains have come together to woo the travellers.

The joint strategy announced by the Government will provide value addition to the foreign tourists visiting between April and December this year.

For more details click on the following link

http://www.thehindubusinessline.com/2009/02/19/stories/2009021951390100.htm

Five & Three Star Hotels in Amritsar City

Request for Proposal (RFP) public private partnership (PPP) For Development of 5 star & 3 star Hotels
Courtesy: Busuness Standard, Dt. 19.02.09

For more details visit www.pidb.org

Houseboat with swimming pool and roof garden will float in backwaters of Kerala from today.

Courtesy: Mathrubhumi dt.18/2/09

Allepey: The first of its kind, houseboat with roof garden and swimming pool is ready for its maiden cruise in Kerala." This leisure boat will float in the backwaters on Feb 18th," informed Mr. Tomy J. Pulikootil Managing Director of Pulikottil Tourism Group, owners of the boat, in a press conference today.

The boat which is having 100 ft. length and 16 feet width will bear a conference Hall for 70 members and two bed rooms. Swimming pool is 13 feet length, 8 feet width and 4 feet depth. Roof garden will have a restaurant too.

Parsvnath Hotels, Hyderabad gets five star tag.

Courtesy: Business Standard dt.10/2/09

Parsvanath Hotels has received tehe five star category project approval for its hotel project in Hyderabad.The Hotel coming up close proximity to Hitech City will comprise 186 rooms besides all amenitieis of a 5 star hotel. It will be operational by end of 2011…

Radission Delhi on expansion mode

Courtesy The Hindu Business Line dt.10/2/09

Radission Delhi is investing 800 crore over the next four years for opening 8 more hotels across India – The Hotels will come up at Bhubaneswar, Hyderabad, Konark, Puri, Vishakhapatnam & Kakinada.

Marriott bets on food, feel-good strategy to beat downturn

The Hindu Business Line dt.10/2/09

Chennai, Feb. 9 To sit out the current downturn, Marriott Hotels in India, besides giving incentives to the travel trade, has announced various packages to woo new consumers and improve topline growth….

http://www.thehindubusinessline.com/2009/02/10/stories/2009021050931500.htm

TGI Friday’s to foray into beverages bar

Courtesy : Business Standard dt.6.2.09

Casual dining chain “Thank Goodness It’s Friday today” said it is foraying into soft-seating beverages bar format and would invest Rs.25-35 cr for 25 sych stores by 2012.

Gold Souk to open in April

Courtesy: Mathrubhumi. Dt.6.2.09

Gold Souk the 5,00,000 sft retail space coming up in Kochi is scheduled to be inaugurated in April this year. The mall will have leading food chains like KFC, Chick Inn, Dubai and may other food/retail outlets…for more details on Gold Souk click the following link.

http://www.goldsoukindia.com/index.asp

Fast food chains buck the slowdown

Business Standard, 3 February 2009

Fast food international chains in India appear to be bucking the trend of a slowdown in sales growth. Not only do they claim that their sales have shot up, but they also want to increase their advertising spends this financial year.

Consider this. The sales of Pizza Hut­­­­­­–a casual dining restaurant from Yum! Brands–have gone up by 10 percent in the last quarter(October-December, 2008). Anup Jain, director(marketing), Pizza Hut says: “Casual dining is a casual level of entertainment for the middle class segment, which doesn’t have much scope to be cut.”

McDonald’s India–a leading quick service restaurant–too claims its Q4 sales have gone up significantly as compared to the corresponding period in 2007. Vikram Bakshi, managing direcor, McDonald’s India(north and east region), says: “Our sales have grown 25-28 per cent YoY. We are seeing an increase of 14-18 per cent in footfalls across our stores. We are hopeful of achieving record breaking figures this fiscal.”

Similarly, Unnat Varma, marketing director, KFC (an other quick service restaurant from Yum! Brands), says: “We have grown by 30 per cent (in the last quarter) across the country with some locations recording over 50 per cent growth over the same period last year.”

Pizza Hut adopted a value proposition strategy to increase its sales: “We have focused on providing Big V(more value for money like in Golden Surprise, for those who are looking a value meal in the minimum possible price to attract new guests). After the launch of Golden Surprise and Magic Times pizzas (in December), footfalls have increased by 5 per cent,” Says Jain.

Hotel room demand in may grow at 8-10 pc: report

The Hindu dt.31/1/09

New Delhi (PTI): Notwithstanding the ongoing downturn, the demand for hotel rooms in India in the organised hospitality sector is likely to grow at a Compound Annual Growth Rate (CAGR) of 8-10 per cent between 2008 and 2011, according a Cushman & Wakefield (C&W) report……for more details click the following link

http://www.hinduonnet.com/thehindu/holnus/006200901291734.htm

The Great Kabab Factory looks for expansion in India, abroad

Press Trust of India, Jan 27 2009 , New Delhi

A B Hotels-owned chain The Great Kabab Factory (TGKF) is seeking to venture into the UK and South-East Asian countries, besides expanding in more cities across India, as part of its ambition to have 50 operational restaurants in 15 countries by 2011….

For more details click on the following link.

http://www.mydigitalfc.com/companies/the-great-kabab-factory-looks-expansion-india-abroad-686

Development of Hotel, Multiplex and Shopping Mall at Warangal (AP) on PPP Model

Tender Advertisement in The Economic Time dt.27/1/09. For details contact Mr.Srinivas Banda, IL & FS, 040 66101275.

Claridges Hotels to tie up with Swiss investment co

The Economic Times dt.27/1/09

DELHI-based Claridges Hotels is about to enter into a long-term management contract with a Swiss investment firm which is foraying into the hospitality industry in India. The Swiss investment firm will build a chain of golf & polo spa resorts and has roped in the hotel chain as the management partner.
Under a management contract, the hotel operator charges a fee or has a revenue-sharing arrangement with the builder of the hotel. As per an executive close to the development: “The Switzerlandbased investment firm wants to bring in the concept of a golf resort into India. As polo is also played in India, the investment firm is combining both the sports to come up with the concept of golf polo spa resort.” The first of the resorts is expected to come up in Udaipur at an investment of Rs 60-70 crore, added the executive. The Udaipur property, which will be a pilot project, will have less than 100 rooms. When contacted, The Claridges Hotels CEO Peter Leitgeb refused to reveal any details on the new venture. The hotel chain currently operates three properties in North India. It will open another business hotel in Surajkund, near Delhi, in March with 100 rooms. In addition, the company will open its property in Mumbai by 2011. It is also acquiring land for building properties in Chennai and Hyderabad.
The management contract with the Swiss investment firm would be the first of its kind for the hotel company, which has, so far, built and managed hotels on its own.
The hospitality industry is currently witnessing dip in average revenue per room as well as in occupancies pan-India due to the economic slowdown. As per industry estimates, the hospitality industry has lost close to Rs 3,000 crore in 2008-09.

Dholakia group to invest Rs 200cr in hotel business

BS Reporter / Chennai/ Pune January 27, 2009, 0:09 IST

Despite the ongoing slowdown in the real estate and hospitality sectors, Mumbai-based Dholakia group plans to launch 12 new business class hotels over next three years at an investment of Rs 200 crore…..for more details please click the following link

http://www.business-standard.com/india/news/dholakia-group-to-invest-rs-200cr-in-hotel-business/09/55/347150/

Royal Orchid opens serviced apartments

BS Reporter / Chennai/ Bangalore January 22, 2009, 0:43 IST

Royal Orchid Hotels Limited (ROHL), the Bangalore-based hospitality
chain, today launched its first serviced apartments in Bangalore and
its second in the country after its first such property in Pune…for
more details of the news click the following link

http://www.business-standard.com/india/news/royal-orchid-opens-serviced-apartments/12/34/346750/