Tag: Hotel

Janpath, Samrat hotels to get posh makeover

After revamping its flagship hotel, The Ashok, ITDC is going full-steam ahead to give hotels Janpath and Samrat a makeover designed to make the competition sit up and take notice. As part of the renovation, Hotel Janpath will soon boast of onyx pillars and a mini-spa in each room on four floors. The spas will […]

Choice Hotels To Invest Rs 1500 Crore

Choice Hotels is deciding to invest fifteen hundred crore rupees over coming two years to double the number of its hotels from the present twenty-five to fifty across India. The company has already started construction of twenty-one more hotels and has tied up with various construction companies. Choice hotels has done dealing with Amrapali group, […]

Land Deals At Prime Locations In Metros Losing Its Shine

The soaring land deals in prime location of metro cities, which had scaled astronomical levels in the past few years, seem to be losing steam. The deals being struck this year are at increasingly lower prices than the ones last year. Parsvnath Developers has bought 1.18 acre land, jointly owned by Mahajan Industries and Videocon […]

Kolkata Playing Catch Up

Kolkata, which had lost out to other metros in the frenzied run for realty, is catching up big time. This week the Apeejay group, which owns The Park Hotels, bagged a prime 3.35-acre property along Kolkata‚Äôs eastern metropolitan bypass for Rs 135.77 crore. The group, which already has a hotel on Park Street in downtown […]

Parsvnath Launches Commercial Mall Project In Jamnagar

Realty major Parsvnath Developers said it has launched its first integrated commercial mall project at a cost of Rs 120 crore in Jamnagar, Gujarat. Parsvnath Developers launched its first integrated group housing and commercial mall project in Jamnagar, which is being developed on total land area of 13,200 square meter with an expected realization value […]

No Chance Of Slow Down In Hotel Industry

Hotel industry in India has shown strong growth in last financial year. Though hotel occupancies in Bangalore, Hyderabad and Pune dipped marginally owing to over capacity, average room rates for branded hotels across star categories continue to witness robust growth in most cities.

Sant Singh Chatwal Enters Indian Hospitality Industry

The most successful Indian hoteliers in US, Sant Singh Chatwal, has plans for hotels in India. He plans to invest 5 thousand crore to build 27 hotels. According to Mr. Chatwal, south India will be the best investment option for hotel establishment. Hence he plans to invest a major portion of total investment, that is […]