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Hospitality

Global hospitality major Carlson Rezidor Hotel Group is looking at tier II and III cities for expansion and is targetting 170 properties in the country by 2020. “Our target of 170 hotels by 2020 is well on track. We have 45 hotels in pipeline across the country. This year, the momentum is strong and we […]

Sarovar Hotels & Resorts has opened its first mid-market property, Hometel, in Chennai. The 108-room property, owned by Chennai-based company Kalyan Grand Stay, is located in the industrial corridor of the city. “The existing demand-supply gap in this industrial town offers huge opportunity for hospitality brands. This allows us great prospect for our brand Hometel […]

Apeejay Surrendra Park Hotels plans to add 17 properties under its mid-segment brand ‘Zone by the Park’ by 2020 as part of its expansion plans across the country. The group currently has three properties, one each in Jaipur, Coimbatore and Chennai, under the brand. “We are aggressively looking at expanding our footprint with Zone and […]

Budget hotel aggregator Deyor Rooms is entering the camping business in a bid to diversify and broaden its revenue base. The Gurgaon-based startup organised a countrywide pilot with 15 campsites in December and January, generating close to 4,000 camp nights. Deyor Camps, as the new business is called, plans to invest Rs 6 crore to […]

ITC is planning to invest Rs. 800 crore in Odisha over the next few years to set up a hotel property and a food processing park in the state, ITC Chairman and Managing Director Y C Deveshwar reportedly said at Make in India event. Report says that the hotel property will come up in Bhubaneshwar, […]

In a bid to rake in larger revenue from MICE (Meetings, Incentive, Conference and Exhibition), luxury hotel Sofitel in Mumbai’s Bandra Kurla Complex will now open its banqueting spaces through the night for corporates. The hotel will roll out dynamic pricing concept for its banquet and MICE offerings wherein a company can host meetings at […]

SAMHI Hotels Private Ltd, a hotel asset company that specialises in the development, acquisition and ownership of branded hotels in India has acquired Ascent Hotels Pvt Ltd, owners of Hyatt Regency in Pune, for an undisclosed amount. Late last month, SAMHI made a joint investment with Marriott International in Marriott’s first integrated property that houses […]

Loofre, a restaurant table reservation platform, is investing $1 million in expansion and increasing its tie-ups across India to bolster operations. Loofre.com has already expanded to nine major cities across India with tie-ups with more than 800 restaurants in the short span of three months. Loofre also plans to go international, expanding its services to […]

Hotel development and investment firm SAMHI Hotels has acquired Hyatt Regency in Pune from RK Jatia Group-owned Ascent Hotels for an estimated Rs 350 crore. The acquisition will be funded through a mix of debt and equity, Ashish Jakhanwala, founder and CEO of Gurgaon-based SAMHI, told ET without divulging the deal size. Opened in 2012 […]

Lemon Tree Hotels is looking at diversifying into vacation ownership and affordable housing to broaden revenue streams and cushion its hospitality business. The company plans to invest about Rs 300 crore to acquire resorts in leisure destinations to aid its domestic business and the vacation ownership venture. The Delhi-based company backed by Dutch pension fund […]