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TULIP HOTELS PRICE
NCLT directs liquidation of Tulip Hotels as it fails to get bidder within prescribed timelineNCLT has ordered liquidation of Tulip Hotels after its insolvency resolution process failed to attract any bidders within the required 180-...- Bankrupt hotel assets big draw with investorsSome such prominent properties under the hammer, such as the Westin Kolkata Rajarhat, have drawn interest from several bidders.
- Louvre Hotels Group and Orange Tiger Hospitality to launch midscale full-service brand Kyriad in IndiaLouvre Hotels Group operates in India through brands like Sarovar Hotels, which it acquired in January 2017, Golden Tulip, Tulip Inn and Ro...
- Beware of these 774 rising penny stocks; stock exchanges up vigilThe companies that have been shortlisted under the graded surveillance measures are suspect in nature, with price movement not supported by...
- More than 80 hotels up for grabs as valuations soften after more than two years; Shamin Hotels, Louvre Hotels look for propertiesTens of hotel properties in the country are expected to change hands in the coming months with softening of valuations.
- Hotel deals to pick up as buyers check inMore than 80 hotels, ranging from mid-market to premium segments, are up for grabs as valuations soften after more than two years.
- Congress moves PM Narendra Modi for re-probe into Mumbai Centaur Hotels saleIn the wake of CBI action in the sale of Udaipur's Laxmi Vilas Palace Hotel, Congress has asked Prime Minister Narendra Modi to direct the ...
- Tribunal asks ARCIL to stay auction of Tulip Star hotelIn a major relief to Nirmal Lifestyle, DRT has directed ARCIL not to proceed further on auctioning of the Tulip Star Hotel at prime Juhu Ta...
- Mumbai’s Centaur hotel at Juhu up for sale at over Rs 1,300 croreThe Asset Reconstruction Company (India) Ltd (Arcil) has set a reserve price of Rs 1,315 crore for the six-acre sea-facing property on Juhu...
- Bombay High Court clears deck for Centaur land developmentIn 2005, Siddhivinayak Realties had agreed to purchase Centaur Hotel from Ajit Kerkar, former chief of Indian Hotels, and the Tulip Group.
- Legal battle over Tulip Star Hotel's 6-acre land continues as arbitrators cancel dealSiddhivinayak Realties wants the agreement to be honoured to get control of this prime plot on Juhu beach.
- International brands bet high on Indian budget hotel segmentEven as the domestic hospitality sector is back on recovery, global players such as Golden Tulip and Premier Inn are betting big on the bud...
- Global brands bet high on Indian budget hotel segmentGlobal players such as Golden Tulip and Premier Inn are betting big on the budget hotel segment, that boomed during the economic downturn.
- Global hotel biggies make a beeline for IndiaMany global hotel chains plan to enter India and some that are already present in the country are keen on expansion. The companies are bett...
- Lowland high spotsEarly morning programmes after a gruelling overnight flight that was over 8 hours long aren’t the best way to start a tour of any country.
- Istithmar, easyHotel to ink pact for budget chainDubai-based Istithmar Hotels and UK-based easyHotel are close to signing a JV agreement to launch a chain of budget hotels across the count...
- Budget hotels to check in with 2,500 roomsBudget hotels are set to claim a larger share of the Indian hospitality sector pie.
- Global hospitality majors make beeline for IndiaGlobal hospitality majors like Dawnay Day, Whitbread, Jumeirah, Golden Tulip, Istithmar and Mandarin Oriental are exploring plans of enteri...
- Budget hotels seek room in mallsSpiralling real estate prices and rising interest rates are forcing penny-conscious budget hotels to redraw their business strategy.
- High interest rates hit budget hotels' expansion plansRobust real estate prices and rising interest rates could make life difficult for India’s budget hotel industry forcing them to either incr...
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