Luxury hotel chain
The hospitality industry in India is apparently heading to its next big destination – the North East (NE). With the north-eastern states witnessing an increased number of tourists in recent times, a number of bigwig hotel chains have plans underway to expand their operations into the NE region. The leading hotel chains which are eyeing [...] Continue Reading »
Indian and international luxury hotel chains are apparently open to management deals to avoid getting into a debt trap. Highlighting the hospitality majors’ apparent preference for a contract route to limit debt exposure, Raymond Bickson – Managing Director of Indian Hotels Company – said that his company is ready to take over the management of [...] Continue Reading »
In a recent statement, The Lemon Tree Hotels Company has said that it presently does not have any plans to foray into the luxury arena. The company asserted that it intends making efforts to establish itself as one of the strong players in the ‘value for money’ space. About the plans of The Lemon Tree [...] Continue Reading »
A recent announcement made by the real estate developer, DLF stated that they are expecting to sell of their luxury hotel chain; Aman Resorts along with the sale of its wind power business in few months. These transactions will help the firm to achieve the net debt level of about 18,000 crore by the end [...] Continue Reading »
The Luxury hotel chain of Park Hotels is all set and ready to expand its business planning to commence service apartments sector in Kolkata. Nearly 400 rooms will be availed for the service apartments in the company’s second hotel in Kolkata. The idea of service apartments is said to work out well in Kolkata as [...] Continue Reading »
