Category Archives: Hotels

AccorHotels acquires Mövenpick Hotels & Resorts

AccorHotels has signed an agreement with Mövenpick Holding and Kingdom Holding to acquire Mövenpick Hotels & Resorts, for an amount of CHF560 million (€482 million). Sebastien Bazin, Chairman and CEO, AccorHotels said, “With the acquisition of Mövenpick, we are consolidating our leadership in the European market and are further accelerating our growth in emerging markets, in particular in Middle East, Africa and Asia-Pacific. The Mövenpick brand is the perfect combination of modernity and authenticity and ideally complements our portfolio.” “Its European-Swiss heritage is a perfect fit with AccorHotels. By joining the Group, it will benefit from AccorHotels’ power, particularly in terms of distribution, loyalty-building and development. This transaction illustrates the strategy we intend to pursue with the opening up of AccorInvest’s capital: to seize tactical opportunities to strengthen our positions and consolidate our leaderships, as well as leverage our growth,”Bazin added. Mövenpick Hotels & Resorts will benefit from AccorHotels’ loyalty programme, distribution channels and operating systems, which will help optimise their performance. This acquisition further consolidates the current footprint in Europe and in the Middle East and accelerates growth notably in key regions where the Group has been established for many years, such as Africa and Asia. The transaction is subject to regulatory approvals. It should be completed during the second half of 2018.

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Pride Hotels opens ‘Pride Hotel and Convention Centre’ in Indore

Pride Group of Hotels has recently launched the Pride Hotel and Convention Centre in Indore by entering into a tie-up with HRJ International. Speaking at the inaugural function, SP Jain, MD, Pride Group of Hotels, said that Madhya Pradesh presents avenues for numerous opportunities. “The city of Indore is located close to two Jyotirlinga and tourists visit these destinations round the year. The hotel is located at Dewas Bypass making it the ideal choice for leisure and business activities as two important industrial hubs Pithampur and Dewas are located nearby”, he added. The Pride Hotel & Convention Centre Indore offers a choice of Deluxe, Suite rooms and 10 luxury villas, a gym, a business centre and a swimming pool. Pride Hotel & Convention Centre offers extensive convention facilities. The HRJ Grand Hall can accommodate upto 900 to 1,000 persons at the HRJ Grand with an area of 10,000 sq ft and additional pre-function area of 4500 sq. ft. There is a separate grand ceremonial entrance, an exclusive pre-function area which makes Indore’s biggest banquet hall even more spacious. This distinguished hall can also be customized and split into three different venues. The Hall and the 35,000sqft lawn can together accommodate 4,000 to 5,000 persons with ample parking for more than 750 cars.

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OYO adds 12th 100-room hotel to its inventory

OYO is betting big on the Indian hotel market by partnering with hotels and real estate assets with large inventory portfolio consisting of 100+ rooms under its franchisee and management contracts. In the coming years, it aspires to have 10,000+ rooms as a part of its large-asset category. Currently, OYO has already partnered with 12 such hotels and is managing them across markets including Delhi, Goa, Bengaluru, Tirupati, Hyderabad, Noida, Vrindavan and Patna. Commenting on the milestone, Maninder Gulati, Chief Strategy Officer, OYO said, “This excitement we are witnessing in the large 100+ rooms property space post establishing our market leadership with 75,000 keys in boutique and small assets is a testament of the strong and trusted brand we have created with our asset partners and customers. We are thankful to them for their continued support. At OYO, our mission is to add value to every form of real estate and being a full-stack hospitality company, we’ve built capabilities of on-boarding hotel rooms, locked homes, serviced apartments and at the same time managing large-format hotels.” “In the past year, we’ve on-boarded over 10+ such hotels with inventory ranging from 100-200 rooms and another 10+ hotels having over 80 rooms. With similar additions in the coming months, we’ll continue to expand our large hotel portfolio and dominance over India’s hotel market while ensuring high yield for our partners. We are upbeat about our India story and plan to go deeper into our existing markets while adding 50+ cities to the network  and capturing a 5% share of India’s hotel market by 2018-end,” Gulati said.

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IHCL announces new Taj hotel in Lonavala

The Indian Hotels Company Limited (IHCL) has announced its new Taj Hotel in Lonavala after signing a management contract with Wilds and Water Developers, a part of the Kakade Group. The announcement strengthens its position of having the largest number of leisure hotels in the country. Suma Venkatesh, Executive Vice President, Real Estate & Development, IHCL said, “We are delighted to partner with the Kakade Group in bringing our latest leisure offering to Lonavala. Consolidating our presence across key leisure circuits has always been our focus and Lonavala presents the right opportunity as a getaway for travellers in and around Mumbai and Pune.” The Taj branded resort will be conveniently located with easy access through the Mumbai – Pune expressway. Nestled along the serene waters of Lake Pawana, amidst the picturesque hills, the sprawling address will span over 30 acres of land and include 150 guest rooms, an all-day diner, a specialty restaurant and a bar. Vikram Kakade,  Kakade Group said, “We are proud to partner with the iconic Taj brand and bring their famed hospitality to Lonavala. With this partnership we along with our development partner, David Lazarus aim to create a first-of-its kind Taj resort in Maharashtra, and provide a unique experience to our customers.” Lonavala is a tranquil small town that has emerged as a leading tourist destination in Maharashtra. A scenic hill station, it has for years been a favourite of travellers from Mumbai and Pune.

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StayWell Holdings announces first Park Regis in South India

StayWell Holdings has announced its first Park Regis portfo in South India, with the rebranding of Aveda Resort & Spa in Kumarakom to Park Regis Aveda. The 44-room hotel will be the the first hotel to open post the acquisition of StayWell Holdings by Prince Hotels. Located in Kerala, Park Regis Aveda is in an international tourism hub, with the region renowned for its palm-lined beaches and backwaters, as well as the spice and tea covered hills of the Western Ghats. Simon Wan, President & Director, StayWell Holdings said, “Opening a hotel in Kerala presents many benefits for StayWell in India, as well as operators in the local region. Kerala is a popular tourist destination and Aveda Kumarakom has fast become the preferred accommodation for guests who place emphasis on privacy and luxury while travelling. We will continue to look for opportunities to expand our brands both in India and internationally.” On the tie-up with StayWell Holdings, Prashant Chawla, Owner, Park Regis Aveda, Kumarakom said, “I am thrilled to be working alongside a brand with the global recognition of StayWell Holdings and am certain the hotel experience will be elevated under their leadership, offering an unmatched hospitality and par excellence service.  This partnership will not only open up our horizons in India, but also internationally, and we look forward to taking this association beyond one property.” Park Regis Aveda will be StayWell Holdings’ 23rdth operational property and marks the brands move into a new space of luxury travel.  

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80-key Sarovar Premiere Jaipur opens doors

Sarovar Hotels & Resorts has announced the opening of Sarovar Premiere Jaipur. The upscale full-service hotel features 80 guest rooms and suites with modern interiors, stylish furnishings and spacious event and banquet space. The hotel also adds ease to those travelling to the city as it is conveniently located close to the airport, railway station, Vidhan Sabha and famous tourist attractions. The hotel was launched in the presence of Ajay Bakaya, Managing Director, Sarovar Hotels and Sandeep Sharma, Executive Director, R S Sharma & Co (Delhi), Jaipur. “This new hotel is a fantastic addition to our growing portfolio in Rajasthan,” said Bakaya. “Jaipur is one of the most significant destinations in India for leisure as well as business travel and this is our fourth hotel in the city after Sarovar Portico Jaipur, Nirwana Hometel Jaipur and Park Inn Jaipur. Sarovar Premiere Jaipur’s superior features, state-of-the-art amenities, and incredible location will make it a top destination here. The Sarovar brand continues to expand its presence and we are further opening hotels in Ajmer and Jaisalmer soon” The hotel offers exciting dining options, fitness centre, business centre, free Wi-Fi and swimming pool. The hotel can also serve as a venue for meetings and special events. The 1,800-square-foot meeting space can accommodate up to 200 people. Located at Lal Kothi in Tonk Road, Jaipur, the hotel is ideal for discerning corporate as well as leisure travellers.  

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Royal Orchid Hotels opens new property in Somnath

With the growth of religious tourism in India, Royal Orchid Hotels has added a new property, ‘Regenta Central’ in Somnath. The hotel is located on the main highway of Veraval and is located within 5 kilometres from Veraval and Somnath railway station. The hotel offers spacious banquet halls and plush lawns which can accommodate up to 2000 people for various occasions such as large-scale family social gathering, business presentations, seminars and confidential corporate meets. The guests can also indulge in various relaxation activities at the hotel’s gymnasium, spa and swimming pool. Chander K Baljee, Managing Director, Royal Orchid Hotels said, “We are excited to add another property to our portfolio, continuing our ambition of expanding hotels across India. With a constant surge in domestic travellers, not only are we benefitted but consumers also have an advantage of an affordable stay with the finest facilities and services. The current year looks promising for the hotel industry and we plan to make the most of it by expanding our brand all over India.”

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Royal Orchid opens Regenta Central Point in Srinagar

Royal Orchid Hotels adds another property Regenta Central Point in Srinagar to its portfolio. Located at city centre, Regenta Central Point is 12 kms away from the airport and a 10 minute walk from Dal Lake. The four-star property has 46 rooms in a range of options – Deluxe Rooms and Executive Suites with modern amenities. Chander K Baljee, Managing Director, Royal Orchid Hotels said, “We are happy to announce the opening of our new property in Srinagar. Srinagar is a well known travel destination and we are privileged to be associated with this beautiful city. This adds to our expansion plan with prime focus on mid market segment. Currently, we operate 47 properties in 33 cities across the country with close to 3,500 rooms. Following our asset light model we are looking to add 15 more properties for FY19.” The hotel also offers a multi-cuisine all-day dining restaurant, specializing in Kashmiri cuisine and has an outdoor seating arrangement, gymnasium and steam and sauna.”

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Lemon Tree Hotels debuts in West Bengal with Siliguri property

Lemon Tree Hotels announced the formal opening of its new hotel, Lemon Tree Hotel, Siliguri, marking its entry into West Bengal. Carnation Hotels, the hotel management arm of Lemon Tree Hotels, will be managing this midscale hotel owned by Unitech Mercantile. The management agreement was signed by Rattan Keswani, Deputy Managing Director – Lemon Tree Hotels & Whole Time Director – Carnation Hotels, and Binod Kumar Gupta, Co-promoter, Unitech Mercantile. Speaking on the occasion and overall expansion plans across India, Keswani, said, “We are delighted to add Lemon Tree Hotel, Siliguri, West Bengal to our portfolio and look forward to welcoming our guests here. This hotel opening brings us another step closer to our aim of becoming the fastest growing hotel chain in the country. This occasion marks a few firsts for Lemon Tree Hotels (through our management arm, Carnation Hotels) that will be operating in Siliguri.” Speaking on the hotel launch, Parvez Gupta, Co-promoter of Unitech Mercantile said, “This is the first hotel project undertaken by the company. With Lemon Tree Hotels as our partner, we are able to fill the gap for a good branded hotel in Siliguri.” The hotel boasts of a vibrant lobby, innovative interiors and inspiring artwork that make for a setting that is truly refreshing, contemporary and stylish.

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IHCL announces its first Taj in Saudi Arabia

In a major milestone, The Indian Hotels Company Limited (IHCL) has announced its foray into the Holy City of Makkah, Saudi Arabia, with a partnership with Umm Al Qura Development and Construction Company in the prestigious King Abdul Aziz Road (KAAR) project, one of the largest urban rejuvenation projects in the city of Makkah. Commenting on the signing of this agreement, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “We are honoured to partner with Umm Al Qura Development and Construction Company in bringing the first Taj hotel to Saudi Arabia. This signing is aligned to our strategy of a strong focus on global growth markets and to be present where our guests travel to.” This hotel will be IHCL’s fourth venture in the MENA region. The company manages Taj Dubai located in the Burj Khalifa downtown area. It will also open another two hotels in Dubai in the next 12 to 18 months. The hotel, scheduled to open in January 2023, will have approximately 340 keys, banqueting facilities and several restaurants to serve all tastes. Commenting on the partnership, Eng. Mohammad Al Ganawi, Chief Executive Officer, Umm Al Qura Development and Construction Company said, “We look forward to working with them to bring the iconic Taj brand to the unique development project in Makkah.” As the birthplace of Prophet Muhammad (PBUH) and the site of his first revelation of the Quran, Makkah is the holiest city in the religion of Islam.

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