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FORMULE 1 HOTELS
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- Goldman Sachs-backed Samhi Hotels keen to expand portfolioAshish Jakhanwala, CEO, Samhi Hotels, which runs hotels in partnerships with chains such as Marriott and Hyatt, said the co is evaluating s...
- SAMHI to rebrand Premier Inn as Fairfield by MarriottSAMHI Hotels’ website states that the company has an asset base of 25 hotels and 3,900 rooms across 12 cities, and plans to expand to other...
- Accor Hotels to add 9 hotels in India by year-endThe French hospitality firm currently has 46 hotels with a total of over 8,700 rooms in India under ten brands ranging from luxury to econo...
- AccorHotels plans to add close to 550 rooms in eastern IndiaAccorHotels is likely to launch subbrands IBIS and Formule1 in Kolkata, adding to the 500 rooms in the city from Novotel and Swiss Hotel.
- We've adopted 'born in France, made in India' approach: Jean-Michel Cassé, AccorHotels IndiaThe group now has an 8,000 room inventory across its ten brands, which include Fairmont, Sofitel, Pullman, Swissôtel, Grand Mercure, Novote...
- SAMHI Hotels buys Pune Hyatt Regency for Rs 350 croreThe acquisition will be funded through a mix of debt and equity, Ashish Jakhanwala, founder and CEO of SAMHI, said without divulging the de...
- Accor and InterGlobe Enterprises alliance on rocks after absence of consensus on hotel projectThere is discontent brewing between hospitality major Accor and Rahul Bhatia-led InterGlobe Enterprises over hotel projects, with absence o...
- Royal Orchid Hotels sells Hyderabad five-star hotel to SAMHI for Rs 179 croreRoyal Orchid Hotels has sold its Hyderabad five-star property hotel development and investment group SAMHI for Rs179 crore.
- Hoteliers turning to compact designs with modest rooms on high real estate pricesNext time you check into a hotel, don't be surprised to find a smaller room, tiny lobby or no shopping arcade on the premises.
- Budget hotels gain as companies cut travel expensesEconomic downturn helps serviced apartments & budget hotels gain business as cos reduce travel expenses & cut down on luxury hotel stays.
- Accor launches low-cost brand 'Formule1' in AhmedabadAccor, international operator of hotels in Asia Pacific, on Wednesday launched its first property Formule1 in Ahmedabad, Gujarat.
- Accor divests 60% stake in Formule 1 hotels to SAMHIAccor today said it has sold 60% stake in 15 wholly-owned Formule 1 hotel projects in India to hotel investment and development firm, SAMHI.
- Accor bets big on India; to open 11 hotels in India in 2012The new hotels, with over 4,500 guest rooms, are coming up in cities like Delhi, Mumbai, Jaipur, Ahmedabad, Pune and Bengaluru.
- Accor to launch three hotel brands in India this yearGlobal hospitality major Accor on Wednesday said it will launch three hotel brands in India by the end of this year.
- Accor to operate 21 hotels in India by 2012International hospitality chain Accor today said it will operate 21 hotels in India by end of 2012 and plans three new brands.
- Accor's Formule 1 hotels may show up with 180 More storesBirla Group’s retail venture More is holding talks with French hospitality giant Accor for setting up hotels alongside stores. Hot and cool...
- Armani group's luxury boutique hotels vie for India presenceThe Armani brand of luxury boutique hotels, which primarily caters to premium customers, is setting up shop in India.
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