Germany-based hotel management and consultancy firm, RIMC International, has entered into a 50:50 joint venture agreement with Pune-based Sahil Group of Companies, to manage and operate hotel projects in India. The joint venture company, RIMC Sahil India, aims to operate about 20 properties in the country by 2012. It has earmarked an investment of about […]
Tag: Hospitality Industry
Olive Group Expanding To IT Sector
August 28, 2008 – 9:20 am
After completing 25 years in real estate industry, Mumbai-based Olive Group is expanding to Information Technology (IT) sector. Speaking to mediapersons here, P V Mathai, Chairman of Olive Builders, said as part of the diversification, it would associate with the USA-based Millennium Consultant Inc, a leading software company, which has operations in Bangalore and Kochi. […]
Real estate major ventures into hospitality with Ramada tie-up
April 16, 2008 – 7:45 am
Pune-based promoter and developer, the Amrut Runwal Group, is all set to venture into the hospitality industry. The group will begin with a five star property in Pune, which is scheduled to open by June 2009. “In order to diversify business operations, the Amrut Runwal Group decided to enter the hospitality industry. Since Pune is […]
