Luxury hotels
Mumbai-based VITS Hotels is eying six cities in Gujarat to set up luxury hotels and expand its base, the company said on Wednesday. VITS Hotels, which opened its first property under the VITS brand at Ankleshwar in Gujarat last month, currently has eight hotels under this brand. Its six more proposed hotels in Gujarat would [...] Continue Reading »
New properties are set to be launched by bigwig hoteliers in Metros as well as Tier 2 cities across India, in an evident attempt to reap financial gains form the next big wave of growth projected in the hospitality sector in the near future. Currently, out of the nearly 1 lakh branded hotel rooms in [...] 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 »
The hoteliers say that the luxury and upscale hotels are finding it difficult to earn money from the global chains like the Marriott, Hilton, InterContinental, Starwood and Accor. Therefore, the luxury hotels are focusing to shift towards the mid market brands. More than 80 percent hotels are coming up in the mid-market category involve less [...] 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 »
Caesars Entertainment, the world’s biggest casino company, is planning to enter hospitality and entertainment sector in India. It has plans to enter luxury hotels as well as entertainment businesses such as managing Bollywood-centric events, concerts, musicals, drama and stand-up comedy. Las Vegas-based Caesars Entertainment owns 50 hotels and casinos and several golf resorts around the [...] Continue Reading »
As the mood sets in for New Year, people around the world are thrilled to see what’s happening in their own cities. Indeed, New Year celebrations in cities are received with great pomp and enthusiasm. Here is a roundup from the major Indian cities. 1. Mumbai: Well as usual Mumbaites are getting ready for a [...] Continue Reading »
