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HOTEL DEVELOPMENT
IHCL and AAHL partner for multi operating hotel agreementTata Group-backed Indian Hotels Company and Adani Airport Holdings Limited announced a multi-hotel operating agreement. This agreement invo...- A $40 million restoration couldn’t save this historic castle from bankruptcy. Now it has sold for $72 million - Here’s the real estate lessonOheka Castle’s $40 million restoration brought the historic Long Island estate back to life, but it couldn’t prevent its owner from facing ...
- A 127-room castle, a hotel and weddings until 2028: What the $72 million Oheka Castle deal that featured in Taylor Swift's Blank Space includesOheka Castle, the 127-room Long Island estate featured in Taylor Swift’s “Blank Space” video, has sold for $72 million at auction. Seven bi...
- Ixigo co-founder Rajnish Kumar launches Rs 1 cr fund for IIT Kanpur startupsThe fund will support 10 technology-led startups from each graduating batch, with Rs 10 lakh in non-dilutive prototype funding for every se...
- In 2020, Estate Cos. paid $15.3 million for a shuttered 258-room Ramada in Hialeah; 2 years later, it reopened as 251 apartmentsAlture Westland has transformed the site of the former Ramada hotel in Hialeah into a vibrant residential community. Acquired by The Estate...
- Kerten Hospitality aims to operate 5000-7000 keys in India over the next five years: CEOIntroducing its first hotel in Shimla, Kerten Hospitality, an innovative Irish lifestyle brand, has officially launched in India. The compa...
- Brigade Enterprises signs Hyatt Hotels to manage two hotels in BengaluruBrigade Enterprises Ltd has forged a partnership with Hyatt Hotels Corporation to launch two new hotels in Bengaluru, including the Hyatt R...
- ITC Hotels reports revenues of Rs 1054 cr for Q2, PAT at Rs 203 crITC Hotels reported strong second-quarter growth, with revenue rising 26% and net profit increasing 52% year on year, supported by higher r...
- 'National interest, safety' outweigh disclosure: CIC upholds denial of Ashok Hotel structural reportThe RTI applicant had sought the report, its findings, details of any amendments or corrigenda, and correspondence between IIT Roorkee and ...
- Chef Damu dies at 72; Cooku With Comali judge, Guinness World Record holder and Padma Shri-winning Tamil chefChef Damu death news: Chef Damu, the celebrated Tamil chef and Cooku With Comali judge, has reportedly died at 72 following health complica...
- Tourism is the sector the market writes off in a downturn. Is it indicating something else? 7 stocks with upside potential of up to 27%For years the street has believed that when the economy slows, tourism and hotels are the first to feel it. The logic: A hotel stay is not ...
- Cabinet expansion, reshuffle likely in 2-3 days, names finalised: J-K CM advisor Nasir WaniA cabinet expansion and reshuffle in Jammu and Kashmir is anticipated in the coming days. The government aims to balance development with t...
- At 22, he built a gym machine in his garage. Now, the man behind the ‘Ferrari of fitness’ is looking to IndiaTechnogym founder Nerio Alessandri is looking to expand the Italian fitness and wellness company's presence in India, where fitness facilit...
- Supreme Court upholds Shree Naman Developers' acquisition of Bengaluru, Pune hotel under NCLT proceedingsThe Supreme Court has upheld insolvency proceedings against Gstaad Hotels and Neo Capricorn Plaza. This decision arises while clarifying th...
- Bird Group plans to double the business across all verticals by 2030Bird Group has signed a lease for developing a hotel on 12 acres in Shillong. The hospitality arm aims to increase its keys from 600 to app...
- The Plaza Hotel, which Donald Trump drove into bankruptcy and sold at an $83 million loss in 1995, to shut its doors until 2031The iconic Plaza Hotel in New York City will undergo a major restoration, with closures planned from January 2027 to 2031. Fairmont Hotels ...
- From Deoghar to Udupi: Family offices bet Rs 2,000 crore on hotels in pilgrimage townsNearly Rs 2,000 crore has been committed across key religious destinations over the past 12-18 months, according to Noesis Hotel Advisors, ...
- Lemon Tree Hotels announces signing of MoU with Omaxe for operating 4,000 keysCarnation Hotels Private Limited has signed a Memorandum of Understanding with Omaxe Limited for a new hospitality venture. This partnershi...
- Omaxe ties up with Lemon Tree Hotels for 10 projects with 4,000 keysOmaxe Ltd has signed an MOU with Carnation Hotels, a subsidiary of Lemon Tree Hotels, for new hotel projects. This collaboration will focus...
- Robust pipeline: Hotel chains look beyond metros for growthIndia's hospitality sector is set to add 161,074 branded hotel rooms over the next five years. Approximately 117,000 of these rooms are cur...
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