Taj Hotels shifts focus to luxury hotels
11 jun 2008
105 year old Taj Hotels Resorts and Palaces having 59 hotels in the luxury, leisure and business segment is going for a rebranding of its properties to preserve the exclusivity of the Taj brand.
ITC
Redemption pressure of US-64 leads to dilution of key stock holdings
01 may 2008
Once considered the flagship scheme of Indian Mutual Fund industry, the UTI US-64 scheme is finally (much to the relief of Indian government) coming to end with its US-64 bonds maturing on May 31, 2008.
Anil Ambani may partner Starwood Hotels for luxury hotels foray
20 nov 2007
ADAG and Starwood may float a special purpose vehicle (SPV) with ADAG holding majority stake. Reliance is believed to use its holding company Reliance Land and use the unused property of Adlabs in major cities for developing the hotels.
DLF takes inorganic route for global hotel foray, buys the luxury Amanresorts
14 nov 2007
In a takeover, which would clearly signify the intentions of DLF and its plans in the hospitality business, India’s largest real estate developer has bagged the Singapore based luxury hotel chain, Amanresorts.
Sahara Star, Mumbai – The epitome of luxury
22 jun 2007
The Sahara Group made its maiden foray into the hospitality industry with the launch of Sahara Star, a seven-star hotel-cum-tourist hub near Mumbai International Airport. The hotel was formerly known as Airport Centaur and was bought from government by Batra hospitality who later sold it to Sahara.
Get pampered by Starwood’s “Luxury Collection” on Indian shores
17 may 2007
The growing class of effluent business and leisure travelers coming to India, has forced ITC to adopt a prudent strategic decision of converting its 7 Sheraton properties into the “Luxury Collection” tag.