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HOTEL LICENSE AGREEMENT
Tourism and hotel sector stocks: Time for a correction in business? Are analysts getting it wrong? 15 stocks from the ecosystemThe Indian hotel and tourism ecosystem has benefitted from the post-Covid travel urge. Occupancies were high, room rates firm, supply is, i...
Delhi HC revives ₹1,063 crore dues, upholds termination of The LaLit licence in NDMC caseThe Delhi High Court has revived a massive license fee demand of over Rs 1000 crore against Bharat Hotels. The court also upheld the termin...
Oberoi Realty JV, Aman Group ink pact for luxury development in Mumbai’s WorliOberoi Realty's joint venture, I-Ven Realty, has partnered with Switzerland-based Aman Group for a luxury hotel and residential project in ...
Lemon Tree Hotels signs two new properties with RJ Corp LimitedLemon Tree Hotels has signed agreements for two new properties with RJ Corp Limited, one in Ayodhya and another in Guwahati. The Ayodhya ho...
Rs 1,500 crore to be transferred to ITC for growth & contingency requirementsITC will demerge its hotel business effective January 1, 2025. Shareholders will get one ITC Hotels share for every 10 ITC shares on the re...
ITC to transfer Rs 1,500 crore to its demerged hotel unitITC Ltd will transfer Rs 1500 crore cash to its demerged hotel business, ITC Hotels, for growth and contingencies. ITC Hotels will receive ...
Hilton signs strategic licensing agreement with Olive by Embassy to bring 150 Spark by Hilton hotels to IndiaHilton has partnered with Embassy Group to launch 150 Spark by Hilton hotels across India in the next decade. This marks the brand's debut ...
Lemon Tree Hotels shares in focus after signing license agreement for a hotel in UdaipurLemon Tree Hotels announced a new property in Ayodhya, set to open in FY 2028, managed by Carnation Hotels. On Monday, shares closed at Rs ...
Lemon Tree Hotels shares jump 3% on signing licensing agreement for new propertyLemon Tree Hotels' shares rose 3% after announcing a new property on Mira Road, Mumbai, set to open in FY 2026. Managed by Carnation Hotels...
CESL inks MoU with Marriott International to develop EV charging unitsWith the aim to boost electric vehicles (EV) adoption by strengthening charging infrastructure across the country, CESL has signed a Memora...
Lemon Tree Hotels signs pact for new hotel in Nepal"We are delighted to expand our reach in Nepal with this stunning resort. It is our second signing for a hotel in the country, which we fee...
Tata Group signs formal agreement with NDMC for operating Taj Mansingh for 33 yearsThe Tata group had retained the property at a license fees of Rs 7.03 crore per month including GST. Earlier, they were paying Rs 3.94 cror...
Le meridien office tenant moves HC over NDMC evictionThe petition further alleges that CJ international, the operator of Le Meridien, has paid Rs 432 crore as licence fee compared with nearly ...
Income Tax Appellate Tribunal says Marriott Indian franchisees’ revenue is taxableThe hotel chain had declared nil income in its Indian tax return, claiming that its receipts were reimbursement of expenses on the basis of...
- HC to hear tomorrow Tata's plea over Taj Mansingh property
Delhi HC would take up tomorrow the injunction suit filed by IHC against NDMC's proposed plan for auctioning the property on which the Taj ...
DDA extends lease for Taj Palace Hotel to Tata group hospitality major IHCL for 25 yearsTata group hospitality major Indian Hotels Company (IHCL) today said lease of its Taj Palace Hotel in the city has been renewed for 25 year...
- Worldhotels eyes 10 hotels under own brand in India by 2014
Worldhotels that provides sales, marketing and technology services to hotels, is aiming to develop ten hotels under 'Worldhotel' brand in I...
- EIH buys out JV partner Amex Investment for $45 mn
Oberoi hospitality chain owner, East India Hotels (EIH) today said it has completed acquisition of 49 per cent stake in its joint venture p...
- Sahara to set up Radisson Hotel in Lucknow
Sahara group promoted Sahara India Club Royale Corporation Ltd today said it has entered into an agreement with Carlson Hotels Worldwide fo...
- Govt clears 11 foreign technology collaboration proposals
The government has approved 11 cases of foreign technology collaboration agreements and eight cases of grant of industrial licence.