London’s Ritz hotel could be up for sale for $1 billion
LONDON: The owners of London’s Ritz hotel, a haven for royals, statesmen and movie stars, have hinted that they would be open to selling the luxury establishment for $1 billion,… Read more »
Category: Hospitality
Tata Group’s Taj Hotel chain to sell assets as economy weakens
BY: P R Sanjai The luxury hotel chain controlled by India’s Tata Group is looking to sell some assets and avoid owning new properties in an effort to further pare… Read more »
Leisure Hotels Group to invest Rs 160 crore to add nine properties
NEW DELHI: Hospitality firm Leisure Hotels Group is looking to invest Rs 160 crore to add nine properties across the country to its portfolio by the end of 2021, a… Read more »
Royal Orchid Hotels to open three properties in next two months
NEW DELHI: Royal Orchid Hotels on Thursday said all the three new properties it had recently signed are scheduled to open within the next two months. Out of the three… Read more »
Delhi High Court restrains hoteliers associations from boycotting OYO
NEW DELHI: The Delhi High Court has restrained various hoteliers welfare associations from issuing any notices or boycotting and banning hospitality company OYO. The court, in an interim order, said… Read more »
IHCL ties up with Singapore’s GIC to invest Rs 4,000 crore in hotel acquisitions
MUMBAI: Tata Group’s hospitality arm IHCL said it has tied up with Singapore’s sovereign wealth fund GIC to invest Rs 4,000 crore to acquire hotels. The Indian Hotels Company (IHCL)… Read more »
Airbnb invests $200 million in OYO for Indian mart
NEW DELHI: SoftBank-backed OYO has raised funding from the US-based online accommodation platform Airbnb, a move that will provide the Indian hospitality chain more ammunition to stren-gthen its presence in… Read more »
Hotel Leela Venture to sell hotels, property to Brookfield for Rs 3,950
NEW DELHI: Hotel Leela Venture will sell four of its hotels and a property to a fund sponsored by Canada’s Brookfield Asset Management for Rs. 3,950 crore ($576.41 million), as… Read more »
Bird Group to open three hotels in India in next 3-4 years
NEW DELHI: Bird Group on Tuesday said it is looking to open three luxury hotels under its brand ‘Roseate Hotels and Resorts’ in India and Middle East in next 3… Read more »
Fresh twist in Leela sale saga, headed for NCLT
NEW DELHI: The Leela Hotels acquisition by various suitors has taken a turn for the worse. JM Financial has reportedly filed a suit in the National Companies Law Tribunal (NCLT)… Read more »