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HOTELINVEST PROPERTY BUSINESS
Hoteliers hope for swift West Asia reboundThe hospitality sector anticipates a strong recovery in the Middle East after the US-Iran ceasefire. Industry leaders expect occupancies in...- Radisson opens two new hotels in Uttar Pradesh amid travel boom in the stateRadisson Hotel Group has expanded its presence in North India with the opening of two new hotels: Park Inn by Radisson Lucknow Vikas Nagar ...
- As tourists check into Uttar Pradesh, so do branded hotelsUttar Pradesh is experiencing a significant surge in branded hotel investments, from luxury heritage homestays to new airport locations. Th...
- The headroom to grow in India is very high: Kevin Goh, CEO, AscottAscott plans to double its India portfolio to 12,000 units by 2028, capitalizing on the country's growing disposable incomes and underserve...
- Ascott aims to double India portfolio to 12,000 units by 2028Ascott Limited, a lodging business unit owned by CapitaLand Investment, plans to double its Indian portfolio to 12,000 units by 2028, up fr...
- Big hotel brands see room for growth in manufacturing hubsMid- and upscale hotels are being developed in India's manufacturing hubs to meet the needs of business travellers. Brands such as Marriott...
- Budget 2024: Hospitality players seek infra status for hotelsAdvocates from the hospitality industry are urging the government in the upcoming Union Budget to classify hotels as infrastructure to enha...
- Vikram Aggarwal in talks to buy Chennai's Clarion Hotel for Rs 180 croreVikram Aggarwal to acquire Clarion Hotel in Chennai for ₹180 crore in June. VVA Hotels Pvt Ltd manages Fortune Select Palms, Radisson Blu. ...
- Offers for AccorHotels' property unit stake seen in October - reportIn June, AccorHotels boss Sebastien Bazin told shareholders that his group was in "extremely active" discussions with potential investors o...
- Dubai's United World Infrastructure to launch hotel startup in IndiaThis is the maiden hotel investment of UWI, which collaborates with governments worldwide to invest, build and operate real estate and infr...
- Mid-market hotels considering exit options through total sales of their equity holdingsThe outcome: more than 100 key midmarket hotels are on the block today. “There are more than 100 hotels, across all tiers and pan-India."
- Soon, hotel check-ins via mobiles: Sebastien Bazin, Chairman & CEO, AccorTechnology will play a vital role as hotels can give access to rooms on smartphones without the guests having to go to the desk.
- 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.
- Kingfisher Airlines ties up with MarriottKingfisher Airlines today announced an alliance with leading global luxe hotel chain Marriott International to offer members of its frequen...
- Hyatt to debut its 'Andaz' hotel brandGlobal hospitality major Hyatt has announced plans to set up three new properties, including one in India, under its 'Andaz' brand of hotel...
- Dubai Holding next in line to default?Fears are growing among Western banks that Dubai Holding, the personal investment vehicle of the emirate’s ruler, Sheikh Mohammed bin Rashi...
- Mumbai to add 3,000 hotel rooms in three yrsIndia's financial capital Mumbai will see addition of over 3,000 hotel rooms in the next three years to cater to the likely rise in demand,...
- 'Budget hotels set to boom’The concept of budget hotels is fast becoming popular, thanks to the increase in corporate travel.
- Jones Lang unfurls big India playJones Lang LaSalle (JLL), the world’s largest real estate services giant, is bringing in two of its group entities.
- Mauritius, Malaysia market beachfront villas for IndiansWith the Mauritius government providing ‘permanent residency’ facility to those investing $500,000 in resorts, nearly 30 Indians are lookin...
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