Category Archives: Hotels

Marriott announces three-year growth plan, to add over 275,000 rooms globally by 2021

Marriott International has announced its three-year growth plan, which includes opening more than 1,700 hotels around the world, at its meeting with institutional investors and security analysts at the New York Marriott Marquis. Marriott will outline its plan to add between 275,000 and 295,000 rooms by 2021, supported by the strength of its record 478,000-room pipeline, including roughly 214,000 rooms already under construction. Marriott will disclose that its new room openings during this period could contribute $400 million in fee revenue in 2021 and $700 million annually when stabilized. The company’s three-year growth plan assumes, but does not forecast, comparable hotel revenue per available room (RevPAR) growth of 1 and 3 percent, compounded annually.

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Hotel Leela Venture to sell hotels to Brookfield for Rs 3950 crore

Hotel Leela Venture Limited (HLVL) has entered into a binding agreement with a Brookfield Asset Management (Brookfield) sponsored private real estate fund, to sell by way of slump sale, four owned Leela hotels located in Bengaluru, Chennai, Delhi and Udaipur and the property that it owns in Agra. The transaction also includes assignment of all Hotel Management contracts currently in operation as well as all management contracts for hotels which are currently under development, along with the employees of the hotels. The total transaction value is Rs 3950 crore plus the applicable transaction costs. This is subject to approval of shareholders, lenders and other regulatory and statutory approvals. Simultaneously, the promoters who own the Leela brand would also be transferring the Leela brand to Brookfield for all hospitality businesses. JM Financial Limited acted as the exclusive financial advisor to HLVL for this transaction. Commenting on the transaction, Vivek Nair, Chairman and Managing Director, HLVL said, “The Leela is rated amongst the top hospitality brands in the world and I am confident that the brand will receive a boost and be further strengthened and continue to be known for its world-class services.” Ankur Gupta, Managing Director and Head-India Real Estate, Brookfield Asset Management remarked, “The Leela is one of the finest hospitality groups in India and over the years it has gained extraordinary recognition from some of the most prestigious authorities on travel and luxury in the world. We are excited with this opportunity and look forward to completing this transaction at the earliest, while ensuring that all operations remain unaffected.  We expect the Leela hotels to continue to be market leaders.”

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Sarovar’s Occupancy grew by 2% and ADR by 4% in Q4

Q4 has been an outstanding quarter for Sarovar Hotels Chain. Vijay Jaiswal, Senior Vice President- Sales and Marketing, Sarovar Hotels and Resorts, says, “We have exceeded on our target in Occupancy, ADR and RevPar. We have seen a growth of 2% in Occupancy and ADR grew by 4% in Q4 2018 vis-à-vis Q4 2017. Amongst the cities that have performed well are all major metro cities – Mumbai, Delhi, Chennai, Bangalore, Hyderabad and cities like Goa, Pune, Ahmedabad, Jaipur. Cities that have not performed well for our hotels are Kerala and Mashobra(Shimla) due to heavy floods and monsoon in these regions. We are forecasting to do well in coming quarter and poised to meet our targets. This is based on our current trends for this quarter. However, the general elections in April & May can be an impeding in our performance.”

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Accor to soon start day-only bookings in India

Accor is taking a leap in technology this year as its going to introduce its day use service in India where the guests can stay for 12 hours anytime in the day and will pay 60% less of the actual room price. Speaking more on this, Arif Patel, VP, Sales, Marketing, Loyalty and Distribution, India & South Asia, Accor, says, “Today, if you want to use a hotel room from 8 am to 8 pm, its very difficult to book. To solve this, Accor will soon enable its guests to book the room maximum for 12 hours any time in the day that suits them. It will up to the hotel if they want to release their 6 am to 6 pm slot of 7 am to 7 pm, 12 pm to 8 pm etc. You will be able to book hotel room just for the day use, online. One can make this booking with a discount of 60 per cent on the total room rate.”

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Accor to develop Novotel Suites in Gurugram and Bengaluru

Rohit Chopra, Regional Director of Sales, Accor – India & South Asia believes that India offers great opportunities in the luxury segment. “Accor is exploring opportunities for the extended stay segment with discussions for developments under the Novotel Suites under way in Gurgaon and Bengaluru. We believe that India has tremendous scope in the luxury segment, given the increasing demand and spends in the country. We are also looking at introducing the Mövenpick and Ansagna brands in the country and plan to develop resorts in Rajasthan, Goa, Kerala, the hills and the north east of the country and Coorg.”

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Courtyard by Marriott Siliguri, opens, with 130 rooms

Marriott International has announced the launch of Courtyard by Marriott Siliguri. Comprising 130 rooms, meeting and conference facilities, and an mix of dining options, the Courtyard by Marriott Siliguri’s banquet hall has 4000 sqft of indoor and outdoor space. “The opening of the first Courtyard by Marriott in the East of India marks a great milestone for Marriott International”, said Gaurav Singh, General Manager, JW Marriott Kolkata & Cluster General Manager, Bangladesh “It was a matter of time before the Marriott Brand came to Siliguri, the Gateway to the North East of India. Marriott is globally renowned for its intuitive service and commitment to providing guests with truly enriching experiences. We believe this property will create a new atmosphere and be an integral part of this city’s growth story.”

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Hotel occupancy gains strength in Delhi and Pune: Horwath

Hotel occupancy in Delhi and Pune crossed 70 per cent, according to a latest report by Horwath on ‘India Hotel Market Review 2018’. Delhi has grabbed the opportunity presented by GST replacing a usurious luxury tax with both hands, the report says. It performed well in all the parameters with occupancy rising to 71.7 per cent, ADRs at 7.5 per cent and RevPAR at 11.6 per cent. Aerocity hotels have fully dialled in – rooms demand, ADR and banqueting. Corporate, MiCE and retail business which chose Gurugram over Delhi because of major tax savings under Luxury tax have shown preference for Delhi once an even playing field was created. Aerocity itself has expanded its commercial spaces. Pune, too, had a good year in 2018, crossing 70 per cent occupancy and pushing through over 7 per cent ADR growth to post 11 per cent RevPAR increase. A solid Tier 1 business city, Pune’s growth can be attributed to MiCE and partly to the shift of some IPL games to this city.

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Zone by The Park, Jammu, opens with 51 rooms

Apeejay Surrendra Park Hotels has opened Zone by The Park, Jammu. This 51-room hotel will have one of city’s largest banquet spaces with 7500 sq. ft. party hall with an open lawn of 1800 sq. ft. making it ideal for weddings and large conferences. The hotel also has two large party halls for high powered meetings and events. Bazaar, the signature restaurant of Zone, is inspired by multi-hued charismatic native markets. The 24-hour restaurant with interactive service formats and LIVE cooking stations will give guests an unrivalled experience. Liquiteria at the lobby level will serve quick bites and health drinks to the guests. Z Bar will offer a wide selection of refreshing beverages. An open lobby that can be re-arranged for private events; a bulletin that connects the guests with the city’s action; gaming consoles and the coolest Zone Auto, are few attractions of this new hotel. Speaking about the launch, Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels Ltd. said, “Jammu is an all season destination for tourists with great weather and unmatched history. Popularly known as the winter capital of Jammu & Kashmir, the city attracts immense traffic because of temples and shrines. Drawing from The Park’s design spirit, Zone by The Park envisions an interactive series of buzzing spaces using the best of contemporary design, with playful interiors and vibrant nightlife. We will cater to the needs of design-conscious, price-conscious guests, who are visiting the city to explore prevalent natural beauty, history and spirituality.”

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WelcomHeritage Ayatana opens in Coorg

WelcomHeritage (WH) has opened its new property in Coorg, Karnataka— WelcomHeritage Ayatana, which offers picturesque location and breathtaking views. The 53 cottage property is spread over 100 acres of endless lush greens amidst the gentle rolling hills WH Ayatana is a perfect location where you can breathe in fresh, clean air, take lazy walks or simply enjoy the natural surroundings. The magnificently designed individual cottages offer a spectacular view of the valley. Sanjeev Nayar, GM, WelcomHeritage shared, “This is the 33rd property of WelcomHeritage and we are extremely happy to share that we are experiencing good occupancy from month it flagged off. WelcomHeritage is determined to promote the country’s cultural heritage as well as the natural beauty and with WH Ayatana, it is our sincere effort to bring forward the untamed beauty of South India to the world. WH Ayatana is a perfect blend of natural beauty with seamless hospitality services. It has everything to offer to a discerning traveler be it close to nature experience or sumptuous cuisine, rejuvenating holiday or business trip. That is the reason, the property has picked up extremely well.”

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Cygnett launches new property in Itanagar, Arunachal Pradesh

Cygnett Hotels & Resorts has launched its new property, Cygnett Inn Trendz, in heart of capital city, Itanagar of Arunachal Pradesh. Constructed in a modern contemporary design, the premium Inn offers spacious and stylishly designed rooms with all modern amenities including a well equipped gym, swimming pool and spa. The Inn offers a variety of dining option with Cygnett Pavilion, an all day dining restaurant. For children, the inn offers a swanky game zone that is fully equipped to ensure that the little ones cherish their play time. Cygnett Inn Trendz also offers conferencing and banqueting services. The Inn promises to serve both corporate events and social celebrations. The premium location allows guests to visit the commercial hubs and entertainment zones of Itanagar without travelling for long distances.

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