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HOTEL DIVESTMENT
US Stock Market: Fed financial disclosures reveal stark contrast in transparency among top officialsFederal Reserve officials' financial disclosures reveal varying levels of detail. Governor Lisa Cook reported over $1 million in legal expe...- ITDC shares rally 40% in two days, skyrocket 67% in seven sessions. What’s behind the surge?ITDC shares surged over 16%, extending a sharp multi-day rally of more than 67%, driven by reports of asset monetisation, including the div...
- ITC Hotels stock in focus as BAT plans to exit stake by 2026BAT plans to divest its 15.3% stake in ITC Hotels by 2026, stating it has no long-term interest in the sector. ITC Hotels, which recently a...
- ITC exploring hotel business expansion opportunity in Nepal, Sri Lanka, Middle EastChairman and managing director Sanjiv Puri said ITC is looking to add more than 70 hotels over the next five years in India, mostly through...
- Sri Lanka seeks Indian FDI as it restructures state corporate sectorADB forecasts Sri Lanka's economic growth to dip to 2.4% in 2022 and improve marginally to 2.5% in 2023. The forecast indicates a better pr...
- 'The Ashok' to be leased out to private companies, 7 other ITDC hotels to be monetised in 4 yearsIndia Tourism Development Corporation (ITDC), a PSU under the Tourism Ministry, runs hotels, restaurants at various places for tourists, be...
- Oriental Hotels divests Gateway Hotel Beach Road Visakhapatnam to retain management contractThe management and the overall operations of the hotel will continue to be with IHCL while the hotel undergoes extensive renovation and enh...
- Indian Hotels to sell Taj Boston for not below Rs 836.09 croreTata Group firm Indian Hotels Company, which runs Taj group of hotels, today said company is planning to sell its Taj Boston hotel for a ba...
- GMR moves to sell Hyderabad hotel propertyAccording to experts, the sale of such property would fetch anywhere between Rs 300-400 crore.
- ITDC plans to privatise 8 of its 16 hotelsTourism ministry has tasked ITDC to review all its hotels with the exception of its flagship Ashok in the capital and recommend viable fina...
- Indian Hotels owned Samsara Properties sells Sydney hotelThe buyer is the Hong Kong based Hind Hotels & Properties Group, which operates hotels and serviced apartments under the Ovolo brand.
- Arun Shourie slams CBI for probing Udaipur hotel divestment of 2002Shourie or the chief managing director of Bharat Hotels, Jyotsna Suri, have not been named in the PE but their role may be probed, a CBI of...
- Mahindra Holidays divests stakes in Austria-based subsidiariesIt further informed that the existing arrangement for room inventory with BAH Hotelanlagen AG would continue and Club Mahindra members can ...
- Hotel Leela to soon announce global foray with a deal in DubaiThe Leela Palaces, Hotels and Resorts will soon announce its overseas foray with a deal in Dubai, a top company official said.
- DLF sells hotel arm Adone for Rs 567 cr to cut mammoth debtThe realty giant is trying hard to reduce its mounting debt, which stood at Rs 22,725 cr as on March 31, 2012. It could manage to reduce de...
- DLF raises asset divestment target by Rs 5,000 croreDLF has set itself an additional capital raise target of Rs 5,000 crore through the sale of non-core assets in the medium term, the company...
- DLF arm will pay Rs 145 crore to settle dispute, pave way for partner in Aman ResortsThe hospitality arm of the country’s largest realty firm DLF Ltd will pay `145 crore to settle a dispute with certain overseas investors, p...
- CGD meet to consider hotel divestmentThe Core Group of Secretaries on Disinvestment is scheduled to meet on August 23, to take up items relating to hotels.
- Govt to drop Hotel Janpath, Ashok off divestment listHAVING failed to attract bidders during the previous tranche of disinvestment, the government has decided to drop Hotel Ashok and Hotel Jan...
- Centre to share hotel divestment booty with statesNEW DELHI: In a bid to rope in state governments as willing allies in the privatisation of hotels, the Ministry of Disinvestment has decide...
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