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Betting big on India, Global hospitality major Carlson Rezidor Hotel Group is planning to set up 16 more hotels across the country by the end of next year. At present, Carlson Rezidor has 76 operational hotels in the country spanning from the midscale to upper upscale segments. “We expect to open 16 hotels at a […]

Pride Group of Hotels will invest over Rs 600 crore over the next 2-3 years to strengthen its portfolio through greenfield projects and acquisitions, said a top company official. The investments will include a new project in Goa, acquisition of a hotel in Mumbai, and addition of inventory to its existing property in Nagpur. “When […]

Mfar Hotels & Resorts, hospitality arm of Kerala NRI tycoon P Mohamed Ali’s Mfar Group, is to invest around $100 million to set up a resort in Maldives. The company is planning to raise money from private equity entities. It also plans a resort in Sri Lanka. P J Mammen, chief operating officer of Mfar […]

Wonderla Holidays Limited is hoping to earn Rs 60 crore in top-line in the first year from its third amusement park to be opened next month in Hyderabad. Set up with Rs 250 crore, by far the biggest investment in a single place by the Kochi-based company, the over 50-acre Hyderabad amusement park will have […]

Sterling Holiday Resorts Ltd, a 100 per cent subsidiary of Thomas Cook (India) Ltd, has announced the acquisition of Nature Trails Resorts Private Ltd, an adventure holiday company that operates resorts at five locations in Maharashtra. “Nature Trails Resorts is now a 100 per cent subsidiary of Sterling Holidays Resorts Ltd,” the company said in […]

Hospitality firm Lemon Tree Hotels has launched its first resort property in Delhi-NCR at Tarudhan Valley in Manesar and is planning to set up more resorts under the Lemon Tree brand. As per the management agreement, Carnation Hotels, the hotel management joint venture partner of Lemon Tree Hotels has taken over the management of the […]

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 […]