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
Friday, January 30, 2009
Wednesday, January 28, 2009
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
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
Monday, January 26, 2009
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.
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/
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/
Friday, January 23, 2009
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/
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/
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