Blacksone to buy Strategic Hotels in deal valued at $3.93 bn

Last Updated: Tuesday, September 8, 2015, 23:28

The private equity firm Blackstone will buy real estate investment trust Strategic Hotels & Resorts Inc in a cash deal valued at USD 3.93 billion.

ibibo picks minority stake in hotel solution firm Djubo

Last Updated: Friday, August 28, 2015, 17:13

However, the financial details of the transaction was not disclosed.

GMR moves to sell Hyderabad hotel property

Last Updated: Friday, August 28, 2015, 15:52

The GMR group as part of its asset light strategy is now looking for buyers for its hotel property at Rajiv Gandhi International Airport here under the Swiss Challenge model, it said in an exchange filing Friday.

InterContinental Hotels to open 47 properties in India by 2020

Last Updated: Sunday, August 23, 2015, 11:01

"Over the next 3-5 years, we have a pipeline of about 47 hotels across India. We currently have 22 hotels here," IHG South West Asia Head Shantha de Silva told PTI.

Two foreign firms move SC to buy Sahara's overseas hotels

Last Updated: Friday, August 14, 2015, 22:29

Two private firms on Friday moved the Supreme Court expressing their willingness to buy Sahara Group's three overseas hotels, Grosvenor House Hotel in London, the New York Plaza and Dream New York hotels, which will help raise money for release of Subrata Roy from jail.

OYO Rooms raises $100 mn from SoftBank, others

Last Updated: Monday, August 3, 2015, 13:59

The funding round also saw participation of existing investors Greenoaks Capital, Sequoia Capital and Lightspeed India.

Going to spas, clubs, gyms to be costlier in Delhi from today

Last Updated: Saturday, August 1, 2015, 09:35

Going to spa, gymnasium and living in expensive rooms in hotels will become costlier from Saturday with the Delhi government notifying the increase in luxury tax.

Service charge collected by hotels is not service tax: FinMin

Last Updated: Tuesday, July 14, 2015, 17:12

The government Tuesday clarified that "service charge" collected by certain restaurants and hotels is not "service tax", which is levied at a rate of 5.6 percent on the total bill.

Sahara asks US court to reject attachment plea for hotels

Last Updated: Sunday, July 12, 2015, 15:46

Slapped with a USD 350 million lawsuit seeking attachment of its two prized hotels here, crisis-ridden Sahara has told a US court here that it has been wrongly dragged into a dispute between two entities over "a potential business relationship gone sour".

MakeMyTrip to raise hotel options up to 40,000 in 2-3 years

Last Updated: Tuesday, June 30, 2015, 20:02

Comprehensive travel website MakeMyTrip on Tuesday said it is planning to increase its accommodation options to up to 40,000 hotels in 2-3 years.

Indian Hotels delists GDRs from London Stock Exchange

Last Updated: Tuesday, June 30, 2015, 16:51

Consequently, the company has also issued a notice to Citibank N.A for termination of the existing depository agreements of the GDRs, it added.

Sahara Group says will defend lawsuit on US hotels sale

Last Updated: Thursday, June 25, 2015, 19:43

Facing a lawsuit in the US over sale of its overseas hotels, crisis-ridden Sahara Thursday said it was a "private dispute" between two parties unrelated to it and the group will "vigorously" defend its position.