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BANKRUPT HOTELS
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...- For risk-takers with long-term perspective: 10 small-cap stocks from different sectors with upside potential of up to 31%If you buy small-cap stocks today, are you taking a risk or managing it? To some it might appear you are taking a risk, but there is a high...
- No guarantee: Jaiprakash Associates recovery may be hard for creditorsBankers said guarantees by chairman Gaur and vice chairman Sunil Kumar Sharma totalling close to Rs 800 crore are of little consequence aft...
- NCLT OKs Macrotech Developers' acquisition of Centaur Hotel owner’s V HotelsLodha Group-owned Macrotech Developers is paying around Rs 890 crore to acquire the hotel property in Juhu, an affluent suburb in western M...
- ARCs vie for ACCIL Corp's Jaipur Hotel debtLast month, Omkara ARC beat competitor Asset Reconstruction Company of India (Arcil) with a ₹38 crore cash offer to Chennai-based Indian Ba...
- NCLT rejects resolution plan for Cambay Hotels operator“The resolution plan approved by CoC (committee of creditors) has not been done with a process that can be approved by this adjudicating au...
- Family office of Gland Pharma's former promoter acquires GBJ HotelsKP Advisory Services, the family office of the promoter Ravi Penmetsa, acquired the five-star property last week in Coimbatore under the co...
- Macrotech Developers emerges top bidder for Mumbai-based V HotelsThe Committee of Creditors (CoC) of bankrupt V Hotels has declared the real estate developer as the successful resolution applicant in rela...
- Pakistan leases out iconic Roosevelt Hotel in New York to NYC Administration for three years; aims to generate$220 millionPakistan has leased the Roosevelt Hotel, in New York, for three years to the city administration at a cost of $220m, which will provide acc...
- 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.
- 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...
- Lavasa creditors start voting on two resolution proposalsValuers had pegged Rs 4,000 crore as liquidation value of the country’s first privately developed township when it was admitted for insolve...
- 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...
- HFC selloff: 95% companies in pain just because of IL&FS: Basant Maheshwari"If there is no big issue in print, then normally it is a knee-jerk reaction."
- 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...
- Nine in race to buy Golden Jubilee HotelsThis delay led to cost overrun and resulted in delay in payment of dues to banks.
- Arjun Rampal's restaurant in legal trouble with ITDCIndian Tourism Development Corporation (ITDC), which runs Hotel Samrat in posh Chanakyapuri area, has served an eviction notice to Rampal.
- Hotel stocks: Investors may soon check in for a late rallyThe upswing in the stock market over the past six months has seen hotel stocks being left out while stocks of companies from some of the cy...
- Duet checks into three hotel venturesUK-based private equity fund Duet Group has acquired three new hotel ventures in India from their bankrupt British owners Starlight Investm...
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