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JUBILEE HOTEL
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...- Hyderabad software professional steals Rs 2 crore Porsche sports car, arrestedHyderabad Police successfully apprehended a thief who stole a Porsche Cayman 718 sports car worth Rs 2 crore from a hotel's parking lot. Th...
- Naga Chaitanya reportedly purchases lavish residence worth Rs 15 Crore in Jubilee Hills, HyderabadNaga Chaitanya has reportedly shifted to a new property in Jubilee Hills, Hyderabad, which is said to have cost around Rs 15 crore.
- Wyndham to debut Trademark Collection brand in India with signing of The Earth AmritsarLocated in Amritsar, the five-acre upscale The Earth Amritsar will offer a selection of rooms in two buildings. Accommodations will be spre...
- 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.
- 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...
- Presidential poll: Pranab Mukherjee seeks support in Andhra Pradesh, KarnatakaPranab Mukherjee on Sunday appealed to all political parties in Andhra Pradesh to extend their “wholehearted” support to his candidature.
- 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...
- No EIH stake sale plan: PRS OberoiThe promoters have no immediate plans to divest stake in luxury hospitality firm EIH that runs the Oberoi group of hotels, the company’s ch...
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