Category Archives: Hotels

Lemon Tree Hotels will be operating 85 hotels with 8,674 rooms across 57 cities by FY2021, informed Rattan Keswani, Deputy Managing Director, Lemon Tree Hotels and Director, Carnation Hotels. He said, “This year, we have enjoyed very high occupancy, close to 79 per cent. We have opened a few properties this year, including Dehradun, Pune, Siliguri and Morjim. We should be able to open an owned hotel in Mumbai, followed by Kolkata. Then we should be able to open a managed property in Kalina, Mumbai.”    

Lemon Tree Hotels has formed a joint venture (JV) with an affiliate of Warburg Pincus, a global private equity firm focused on growth investing, to create a co-living platform. The JV marks Lemon Tree Hotel’s entry into a new business segment focusing on the development of institutional-grade rental housing accommodation serving both students and young working professionals across major educational clusters and key office markets in India. Following Warburg Pincus’ successful partnerships in China and Hong Kong, this investment represents the first co-living platform which the firm has backed in India. An affiliate of Warburg Pincus and Lemon Tree Hotels will hold 68 per cent and 30 per cent stake, respectively in the JV, with the balance 2 per cent to be held by Patanjali Keswani. The JV partners will initially invest Rs 1,500 crore in equity over a period of time followed by an additional infusion of Rs 1,500 crore in equity at the option of the partners, to develop rental housing projects through a combination of greenfield purpose-built properties, refurbishment of existing under-managed/stressed commercial and residential assets taken on lease/acquisition basis as well as management of existing for-rent accommodation projects. The platform aims to provide affordable and conveniently located co-living spaces for students and young professionals, who are increasingly looking to be part of a vibrant community with like-minded individuals. Patanjali (Patu) Keswani, Founder, Chairman and Managing Director, Lemon Tree Hotels, said, “We are delighted to once again partner with Warburg Pincus at an early stage of this exciting new business opportunity, which will allow Lemon Tree Hotels to move into a segment which is nascent but closely aligned to our existing target customers and which is expected to …

Clarks Inn Group of Hotels has signed one of mid-west Nepal’s most iconic properties, Hotel Sneha in Nepalgunj, now known as Sneha Clarks Inn Suites. The new addition marks Clarks Inn’s first operational debut in Nepal and the second property overall, including one in Kathmandu that is expected to open door later this year. Nepalgunj, a border town located just across the Indo-Nepal border along the state of UP, is fast emerging as a tourism hotspot of the mid-west region of Nepal. The border city serves as the gateway to the majestic Himalayas, wildlife and national parks, trekking routes and a host of water sports activities. Combining the old-world charm with cutting-edge guest services, Sneha Clarks Inn Suites is a more than 50 years old property with its colonial era architectural designs and the latest in amenities and world-class guest services. The 60-key property, currently a three-star hotel, is soon to be a four-star hotel as it has already applied for the four-star certification and is awaiting the same in about a month’s time. S N Srivastava, President & Co-founder, Clarks Inn Group of Hotels, said, “This is our operational debut in Nepal and we are doing so with a property that befits this special milestone for us. It’s a 60 key property spread over a huge area with big landscaped lush green lawns and international feel. The property will cater to guests with impeccable in-room guest amenities and provide facilities like swimming pool, for both adults and children, spa, health club and casino.” According to Bhawani Rana, Managing Director, Sneha Group of Companies, “Our tie-up with Clarks Inn is a step in the direction to strengthen border tourism and …

According to a latest report titled ‘Hospitality insights from the Indian CEO’s desk’ by Confederation of Indian Industry (CII) and PWC, more than one-third of the respondents indicate a willingness to invest in Tier II towns to capitalise on the growth of domestic travel. However, the survey also shows that Tier I cities, primarily Mumbai and Delhi, continue to be the most preferred locations for hotel expansion. Although most players are not looking for international locations actively, some (especially the larger Indian chains) are open to expanding internationally, provided an opportunity is available.  

Lords Hotels & Resorts has announced its latest property in Gujarat with S K Lords Eco Inn, Ahmedabad. The hotel boasts of 30 guest rooms along with a multi-cuisine restaurant, a rooftop restaurant, pillar-less banquet hall of 5000 sq ft. Located B/H Telephone Exchange, Off C G Road, Navarangpura, the hotel is only 15 km away from Ahmedabad Airport and Station. A rapidly growing metropolis, an industrial hub, an educational hotspot and a city with a magnificent past – Ahmedabad is one of the most important cities in Gujarat and is fast becoming a very popular tourist destination as well.

Preferred Hotels & Resorts has announced 23 new properties scheduled to be launched across the globe in 2019 of which one will be The Chedi, Mumbai, housing 312 rooms and suites. Breathtaking views over the Powai Lake to Mumbai’s dramatic cityscape, this hotel will be a game-changing luxury in India’s City of Dreams. The Chedi, Mumbai welcomes business travellers with sophisticated meeting facilities, state-of-the-art equipment and communication technology.

Lemon Tree Hotels has announced the formal opening of Lemon Tree Premier, City Center, Pune. Comprising over 7,000 sq ft of modern banquet space, including large conference rooms and an open business centre, for meetings and events, this is its first ‘premier’ property in the state of Maharashtra and second ‘owned’ hotel in Pune city. Speaking on the launch, Mahesh Aiyer, Sr Vice President-Operations (South & West), Lemon Tree Hotels, said, “We are pleased to open our second and most anticipated property in the heart of Pune city. Known for its landmarks as well as noteworthy businesses, educational institutions and manufacturing companies, Pune has always been an important nerve centre of Indian culture and economy. With this hotel opening, we further strengthen our footprint in this demand-dense market. We expect to make a mark by offering a high-quality stay experience with our impeccable service and great price.”

InterContinental Hotels Group has announced the opening of InterContinental Dhaka in partnership with Bangladesh Services. The luxury hotel is situated at Minto Road, with easy access to the downtown business district. Located in the heart of the city, InterContinental Dhaka is easily accessible from all key city landmarks like the Prime Minister’s Office, Bangabandhu Sheikh Mujibur Rahaman Medical University, Bashundhara City Shopping Center, the famous Dhaka University Campus and renowned historical monuments. Built in a contemporary design, the hotel offers 226 stylish guest rooms, including 201 premium or deluxe rooms, 10 deluxe suites, 5 superior suites, 5 diplomatic suites and 5 presidential suites. Guests staying in the Club InterContinental Rooms can access the Club Lounge, to relax, work or enjoy exclusive dining options including breakfast, evening beverages and canapés. InterContinental Dhaka offers 2 ballrooms and 7 spacious meeting rooms equipped with the latest technology. With over 21,000 square feet of designed space for meetings and events, the hotel promises flawlessly executed corporate and social events. Vivek Bhalla, Regional Vice President, SWA, IHG, commented, “Today is a milestone occasion for us as we announce the opening of InterContinental Dhaka – a stunning property that will offer the guests a luxurious experience with signature facilities and high standards of service that we have become renowned for. We are confident that the hotel will be a great success and we look forward to welcoming our guests from around the world. The opening also aligns with our strategy to expand our presence across brands, and key cities in the SWA region.” Md Mohibul Haque, Secretary, Ministry of Civil Aviation and Tourism and Chairman, Bangladesh Services, stated, “We are delighted to partner with IHG to open InterContinental …

Taj has opened its second hotel in Udaipur – Taj Aravali Resort & Spa. Nestled in the foothills of the picturesque Aravali mountain range, the resort is spread across 27 acres of lush landscaped gardens. Puneet Chhatwal, Managing Director and Chief Executive Officer, The Indian Hotels Company Limited (IHCL), said, “Taj has been instrumental in developing India’s tourism potential in Rajasthan and putting the state on the global map with the iconic Taj Lake Palace, Udaipur, since 1970. With the opening of Taj Aravali Resort & Spa, we are enhancing our offering for the global traveller and reinforcing our commitment to Udaipur – the Venice of the East.” The resort has 92 luxurious rooms, suites and tents with panoramic views of the Aravalis. The design ethos is contemporary with a mix of traditional Rajasthani influences and furnishings inspired by Mewar’s world-class equestrian heritage. The hotel is conveniently located an hour away from the airport. Anand Nair, General Manager, Taj Aravali Resort & Spa, Udaipur, said, “Taj Aravali Resort & Spa is ideally located to enjoy nature while also staying connected to the pulse of Udaipur’s vibrant character. We look forward to welcoming guests to experience Taj’s legendary service.” Guests have a choice of distinctive culinary options which include an all-day diner – Tiri; a specialty vegetarian restaurant – Javitri; an alfresco grill – Ridgeview and a bar – Odeypore Lounge.

The overall Chennai hotel market displayed an average rate growth of 2.2 per cent in 2017-18 for the first time in little less than a decade, according to a recent study by Hotelivate. Over the past four years, while the city had seen an year-on-year increase in occupancy (with the exception of 2017-18), average rates remained under pressure. In fact, improving average rates has been an ongoing challenge, primarily due to the nature of demand in the city and hotels preferring to take the easier route of dropping rates to fill rooms. Moreover, several external forces such as the floods of 2015 and Cyclone Vardah in 2016 also hindered hotel performance, especially average rates, since these tragedies hit during peak season and hotels were forced to adopt a volume strategy to fill rooms. Looking at five years of historical data, occupancy across the city has grown at a CAGR of 3.7 per cent, while average rates depicted a negative CAGR of 1.8 per cent, over the same period.