Hotel Leelaventure misses interest payment to LIC, says exploring asset sale

Hotel Leelaventure, one of India’s biggest hotel groups, said it missed yet another interest payment on debt issued to Life Insurance Corporation of India. “The company has defaulted in payment of quarterly interest of Rs 212.67 lakhs, which was due on 19 September, 2018,” it said in a statement. Leela had raised debt of Rs […]

Royal Orchid opens its eighth new hotel this year at Nashik

Royal Orchid Hotels announced the opening of its eighth new hotel this year at Nashik, the wine capital of India. ‘Regenta Resort Soma Vine Village’ has 32 rooms with “varied” dining and banquet facilities, the hotel chain said. With this, the total number of hotels in the chain has reached 49. Chander Baljee, Managing Director […]

After Finland, Club Mahindra eyes Swedish expansion

Club Mahindra, the holiday company owned by Mahindra & Mahindra, said it purchased two non-operating companies that have started ‘villa construction’ business in Sweden. The acquisition of the companies were done at a nominal price of 50,000 Swedish Kronas (Rs 4 lakh) each. The two companies were established recently, in October last year, under Swedish […]

Royal Orchid inaugurates new hotel in Pushkar

Royal Orchid Hotels said it opened its 48th hotel in Pushkar under the name of ‘Regenta Resort Fort’. “We are taking continuous steps towards expanding our presence all over India,” said Chander K. Baljee, Managing Director, Royal Orchid Hotel. The chain has opened seven properties – Mysore, Ahmedabad, Dehradun, Kanpur, Dwarka, Indore and Pushkar in […]

Royal Orchid opens 46th hotel in Dwarka, Gujarat

Royal Orchid Hotels announced the opening of its new hotel in the pilgrimage town of Dwarka in Gujarat. “We are taking continuous steps towards expanding our presence all over India. The new hotel launch in Dwarka is one such move towards our aim,” said Chander K. Baljee, Managing Director, Royal Orchid Hotels. The company has added […]

SSG Capital increases stake in Cox & Kings group

Cox and Kings said Private Equity firm SSG Capital acquired the 34.42% stake held by Rohatyn Group in its subsidiary Prometheon Holdings (UK) Limited. SSG Capital Group also owns 2.72% stake in Cox & Kings Ltd. Prometheon Holdings is the Holding company of Holidaybreak, which in turn operates brands PGL, NST, EST, Travel Works and […]

Royal Orchid Hotels inks marketing tie-up with UK’s Bespoke Hotels

Royal Orchid Hotels said it had tied up with Bespoke Hotels of the UK to market each others’ properties to their customers. Bespoke manages over 200 hots with 9,500 hotel rooms, 8,000 employees and £815 million of assets. “Royal Orchid now has the ability to offer its guests hundreds of hotel options across multiple global […]

Tata Capital sells Travel & Forex business to Thomas Cook

Thomas Cook, the travel services company, said it had purchased the forex business of Tata Capital, Tata Capital Forex, in its entirety. “We would like to inform you that the Board of Directors of the Company at their Meeting held on 25th September, 2017, approved the acquisition and signing of a definitive agreement with TATA […]

Cox & Kings helps organize afforestation drive in New Bombay

Cox & Kings-powered adventure company Trip 360˚ organized a unique outing in Rabale in Navi Mumbai. Unlike regular hikes and treks, this one was not just focused on enjoying nature, but also preserving it. The plantation was done at Tetavli, Rabale. The site which was initially a barren land is being worked upon by Hariyali […]

All liquor shops in Tamil Nadu to remain shut for 3 months

The Madras High Court has asked the government of Tamil Nadu not to open any liquor shops for three months after complaints that it did not comply with the Supreme Court order on relocating roadside liquor shops. Unlike in most states in India, alchohol shops in Tamil Nadu are run directly by the state government under a […]

Service Charge in Restaurants: Center says still waiting for industry proposal

The ministry of consumer affairs, food and public distribution is still waiting to hear from the hotel and restaurant industry associations on how they intend to resolve the issue of levying service charges ‘unfairly’. The matter had come to a head in early January when the ministry sent a directive to all state governments asking […]

Thomas Cook tries the ‘mini’ approach to keep costs low in Tier 3 cities

Thomas Cook, one of leading travel consultants, said it has launched an outlet in Rudrapur city in Uttarkhand under its new Mini format. The Rudrapur outlet has been designed optimising space and will be manned by a two member team, equipped with technology via mobile devices for seamless online connectivity to central systems thereby facilitating […]

Dr.Reddy’s introduces new packaging philosophy

Dr. Reddyś laboratories, an Indian multinational pharmaceutical company, said it is introducing new packaging style for its products. Starting with the India market, the new packaging will be rolled-out in phased manner over the next six months for it´s 25 brands. Dr. Reddy’s partnered with global design and innovation consulting firm IDEO, and applied ´Human-Centred […]

Jet Airways opens priority check-in service to economy passengers

Jet Airways, an India based international airline, today opened up its ‘priority advantage’ fast check-in service for economy class passengers. The service was earlier available only to passengers travelling by higher classes. However, unlike JetPrivilege members, normal economy class traveller will have to pay extra for getting this service. The service allows guests to check-in at […]