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GOLDEN JUBILEE HOTELS
NCLAT sets aside EIH plea against NCLT order approving sale of Golden Jubilee HotelsNCLAT dismissed EIH's appeal against the sale of Golden Jubilee Hotels. A Singaporean company won the bid. EIH, the previous operator, argu...- Lenders seek buyers for bankrupt Golden Jubilee Hotel's Rs 652 crore debtThe Hyderabad NCLT had approved a Rs 584 crore offer from Blackstone in February 2020, but the plan was not implemented due to land-related...
- Golden Jubilee Hotel lenders seek debt buyersLenders have set a reserve price of ₹400 crore, implying a recovery of 61% on principal dues. Banks led by the Bank of Baroda have invited ...
- Punjab & Sind Bank reports fraud of Rs 112 cr in 2 accounts"It is informed that an NPA account Maha Associated Hotels Pvt Ltd with outstanding dues of Rs 71.18 crore having provisioning of Rs 44.40 ...
- Blackstone gets NCLT nod to acquire Trident Hotel for Rs 585 croreThis is the first deal by the global private equity giant under India’s Insolvency and Bankruptcy Code (IBC) to infuse foreign capital. As ...
- Indian hospitality sector may see many more deals in 2019: StudyHotel transaction volumes could cross $800 mn in 2019, the highest for the Indian hospitality industry.
- Blackstone gets lenders nod to acquire bankrupt Golden Jubilee HotelsThe deal assumes significance as this will be the first transaction that will see international institutional capital coming in for the fin...
- Blackstone, Sattva lead race to buy Trident HyderabadBlackstone and Sattva Group have emerged as the front-runners for the Hyderabad Trident property, that is being sold under the bankruptcy m...
- Blackstone, KKR, JM bid for EIH-run hotels in HyderabadEdelweiss Asset Reconstruction Company is said to be the fourth bidder for Golden Jubilee, which is also developing a much delayed Oberoi h...
- Billionaire seeks waiver to bid for India hotel Ivanka stayed inGolden Jubilee Hotels was pushed into insolvency proceedings earlier this year.
- Nine in race to buy Golden Jubilee HotelsThis delay led to cost overrun and resulted in delay in payment of dues to banks.
- Women of the future: The Indian Merchant Chamber’s Ladies’ Wing will commemorate their golden jubileeApart from the discussion, several notable women will also be felicitated for their work.
- Hoteliers express interest to open 'star' properties in OdishaA day after CM Naveen Patnaik offered all out support to the tourism sector, a number of groups expressed interest to set up star hotels in...
- FHRAI event may help Odisha tourism industry realise its potentialOdisha will display its various tourism products at the three-day event of the Federation of Hotels and Restaurants Associations of India (...
- FHRAI to hold its 50th annual convention at BhubaneswarFederation of Hotel and Restaurant Associations of India (FHRAI), an apex body of Indian hospitality industry, would hold its golden jubile...
- Sensex rallies over 100 points, Nifty tests 8600 levels; ten stocks in focus in Monday's tradeThe S&P BSE Sensex rallied as much as 124 points in trade on Monday, following positive trend seen in other Asian markets.
- Sahay for single window licensing to encourage hotel industryHe promised to promote Kondapalli fort near Vijayawada as an integrated tourist center by allocating Rs 25 crore besides the Buddist circui...
- Cellphones are a great equaliser, says Ratan TataRatan Tata said low-cost innovations such as cellphones were needed to tap lucrative 500-600 mn customer base that forms bottom of pyramid.
- Pranab grants a Rs 200-crore facelift to GoaRs 200-cr stimulus package may give boost to Goa's tourism sector.
- Stocks to Watch: EIH, ONGC, RNRL, Nava Bharat VenturesStocks that are likely to see some action in Monday’s trade are:
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