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NDMC ropes in SBI Cap as advisor for Taj Mansingh auction

Last Updated: Tuesday, June 16, 2015, 17:37

The New Delhi Municipal Council (NDMC) has selected SBI Cap, which was the Centre's advisor for the coal auctions, to be its transaction advisor for the auction of the iconic Taj Mansingh hotel here.

Ambience eyes Rs 150 cr annual rent from new office building

Last Updated: Sunday, June 14, 2015, 15:24

The Delhi-based developer has constructed the tower with one million sq ft of leasable area and has already leased 2.5 lakh sq ft of office space to Panasonic India.

NDMC defers Taj Mansingh auction; IHCL gets 3-month extension

Last Updated: Saturday, June 13, 2015, 12:01

The last extension was given on March 25 and the current lease agreement, which expires on June 30, has now been extended till September 30.

ITDC appoints Umang Narula as CMD

Last Updated: Friday, June 12, 2015, 18:56

Narula has succeeded Girish Shankar, Additional Secretary, Ministry of Tourism, who also held additional charge as ITDC's Managing Director, according to release issued here.

Carlson Rezidor to add 7 'Park Inn by Radisson' by 2017-end

Last Updated: Sunday, June 7, 2015, 11:17

The chain, which currently has 74 operational hotels in India and another 43 hotels in the pipeline under various brands, had introduced its upscale brand 'Radisson Red' in April this year.

Pune replaces Jaipur by offering best value rooms in 2014

Last Updated: Tuesday, June 2, 2015, 19:17

The average accommodation rate offered to travellers in Pune in 2013 was Rs 5,243 per night, according to Hotels.Com Hotel Price Index (HPI) report.

Govt mulling to sell 8 ITDC hotels to strategic investors

Last Updated: Monday, June 1, 2015, 15:31

Officials from Tourism Ministry and the department of disinvestment in the Finance Ministry are expected to meet soon to decide the way forward, official sources said.

EIH Ltd Q4 net up 31% at Rs 48 cr; mulls expansion

Last Updated: Saturday, May 30, 2015, 18:56

Hospitality major EIH Ltd, which runs hotels and resorts under Oberoi and Trident brands, on Saturday reported a 31.47 percent rise in its standalone net profit at Rs 47.91 crore for the quarter ended March 31, 2015.

Indian Hotels' Q4 net loss narrows to Rs 119.15 crore

Last Updated: Friday, May 29, 2015, 19:46

Tata group hospitality major Indian Hotels Company has narrowed its standalone net loss to Rs 119.15 crore for the quarter ended March 31, 2015.

Starwood to launch St Regis brand in India with Mumbai debut

Last Updated: Thursday, May 28, 2015, 15:09

Starwood is bringing in the brand through partnership with Pallazzio Hotels & Leisure.

Rolls Royces, movies: private India hospitals go luxe for growth

Last Updated: Thursday, May 28, 2015, 10:33

"The fact that you actually come for surgery or medical treatment would be an incidental part of the experience," ABV Group Chief Executive Advet Bhambhani told Reuters.

Govt to privatise 8 sick ITDC hotels, will retain Ashok

Last Updated: Sunday, May 24, 2015, 15:36

Government will soon privatise eight loss-making hotels run by India Tourism Development Corporation (ITDC) as it plans to "offload" all the sick units, Tourism Minister Mahesh Sharma said.