Taj Mansingh to go under hammer today

Last Updated: Wednesday, March 25, 2015, 09:11

The property, owned by the NDMC, was given to Tata-backed Indian Hotels Company Limited (IHCL) on lease for 33 years.

NDMC defers decision on extension of lease to Taj Mansingh

Last Updated: Friday, March 20, 2015, 21:14

New Delhi Municipal Council (NDMC), which was scheduled to take a call today on the extension of the lease of Taj Mansingh hotel till its auctioning, has deferred the decision till March 25.

Carlson eyes south India's religious centres to boost biz

Last Updated: Wednesday, March 18, 2015, 17:00

South India has vast potential for religious tourism and the group is focusing its attention to develop hotels in major pilgrimage centres like Tirupati, Madurai and Rameshwaram, said Raj Rana, CEO, Carlson Rezidor Hotel Group, South Asia.

Wyndham to add 15 new hotels in India by 2015 end

Last Updated: Tuesday, March 17, 2015, 19:24

The US-based chain currently has 24 operating properties in India with a total of 2,500 rooms at various locations.

NDMC gets MHA nod to auction Taj Mansingh

Last Updated: Tuesday, March 17, 2015, 15:43

The iconic Taj Mansingh Hotel in the heart of the national capital will go under the hammer soon with New Delhi Municipal Council (NDMC) initiating proceedings after getting a go-ahead from the Union Home Ministry for its auctioning.

Taj Mansingh Hotel to be auctioned soon

Last Updated: Tuesday, March 17, 2015, 09:31

NMDC last month decided to give a two-month extension till March 31 to the IHCL for operating Taj Mansingh.

Carlson Rezidor Hotels to venture into religious tourism

Last Updated: Monday, March 9, 2015, 11:23

International hotel firm Carlson Rezidor Hotels will soon venture into religious tourism segment in the country, a senior company official has said.

Indian hotel tariff declines 2 per cent in 2014: Report

Last Updated: Sunday, March 8, 2015, 12:23

Despite hotel tariff rising globally due to an improving world economy, it declined in Asia, including India, by two per cent during 2014, making it the second consecutive year the region reported a tariff decline, says a recent survey.

Sahara says mulling loan refinancing to regain hotel control

Last Updated: Tuesday, March 3, 2015, 22:33

Facing a possible sale of its Grosvenor House hotel in London by lenders, Sahara Tuesday said it is working on a refinancing transaction to repay the loans to Bank of China and regain control of the iconic property.

Cabinet Secy asks bureaucrats to 'strictly' follow austerity code

Last Updated: Thursday, February 19, 2015, 15:57

Seeking to contain expenditure, the Cabinet Secretary has asked top bureaucrats in all ministries to "strictly" follow the austerity code and refrain from holding conferences and meetings in five-star hotels.

Mirach fiasco: Sahara initiates legal action; eyes new deal

Last Updated: Thursday, February 12, 2015, 18:40

Accusing Mirach Capital of "cheating and forgery" in the failed USD 2.05 billion loan arrangement, Sahara today said it has initiated legal action against the US-based firm and it is now working on a new deal to raise funds to secure bail for its chief Subrata Roy.

Sahara saga: Mirach says 3 hotels can fetch maximum $1.67 billion

Last Updated: Sunday, February 8, 2015, 14:32

As the blame-game continues over their floundered deal, US-based Mirach Capital has claimed that Sahara's three overseas hotels can fetch a maximum valuation of USD 1.67 billion (Rs 10,400 crore).