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Until recently, Bangalore used to boast of the highest average room rates among hotels in India but now the heydays of the tourism and hospitality sector are over. Most of the hotel projects announced two years ago have not taken off yet. Here is a verbatim Read More...
UAE-based Phoenix Group Global, a major player in hospitality, realty and floriculture sectors is will make its presence felt in India by investing an additional Rs.1500 crore in the hospitality and realty sectors in a couple of years. The group is setting Read More...
Bangalore-based Royal Orchid Hotels (ROHL) is expected to put hold on the launch of its first budget property in the city, located just off the arterial MG Road, reports Business Standard. ROHL earlier announced plans to set up 50 budget hotels, under Read More...
Puravankara may not have a very successful listing but that has not deterred the massive expansion the company is planning. The company is focusing on its hotels divisions and in an exclusive chat with NDTV the company's management reveals that hospitality Read More...
Bangalore based Adarsh Developers will be developing Asia Pacific luxury hotel group, Shangri La's two new hotels in Bangalore. Still under construction, both properties are slated for completion by early 2009. According to B M Jayeshankar, chairman Read More...
Taj Group of Hotels has announced that they are going to invest about Rs 1,000 crore for developing four hotels in Bangalore. The company has also submitted an expression of interest (EoI) on their plans to build a world-class hotel in Delhi. Sumit Guha, Read More...
The Ritz-Carlton Hotel Company, L.L.C., the leader in global luxury hospitality, has announced plans for its first location in India. The Ritz-Carlton, Bangalore, a 250-room, five-star property, will open in the nation’s third-largest city by early Read More...
As star hotel room tariffs skyrocket and getting a room becomes more and more difficult, a new genre of serviced apartments has emerged as a cost effective alternative for business travellers to Bangalore. These apartments offer the flexibility associated Read More...
Bangalore, which attracts the maximum number of business travellers in south India, is witnessing a hotel construction boom which is likely to treble the total number of premium hotel rooms and service apartments available. The city is set to add over Read More...
Puravankara Projects, a Bangalore-based real estate company, is in talks with global hotel majors including Accor and Marriott to set up hotels and serviced apartments in Bangalore, Chennai and Kochi. Details regarding the size of the deal are not known. Read More...