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Tourism and Hospitality

Fiscal Year:

Goldman Sachs acquires minority stake in SAMHI Hotels for Rs 441 crore

Mumbai: Global investment banking major Goldman Sachs has invested Rs 441 crore (US$ 66.36 million) to acquire an equity stake in Gurgaon-based hotel development and investment sta...

January 05, 2016

The Lalit announces tie-up with Worldhotels to increase its international visibility

New Delhi: Indian hotel group The Lalit has announced a tie-up with global hotel referral organisation Worldhotels to increase its visibility among international clientele, which c...

October 19, 2015

SoftBank invests Rs 630 crore in OYO Rooms

New Delhi: Japanese conglomerate SoftBank has led a group of investors to pump Rs 630 crore (US$ 100 million) in Gurgaon-based OYO Rooms, which helps local hotels ...

August 03, 2015

US hotel chain Best Western scouts for franchise partner to expand in India

Mumbai: US hotel chain Best Western is scouting for a new management partner to expand its presence in India, as the company gears up for growth in the country's hospitality ...

May 21, 2015

Carnation Hotels to enter Tiruchirappalli (Trichy) by 2016

New Delhi: Carnation Hotels, the hotel management joint venture (JV) partner of Lemon Tree Hotels has signed an operating agreement for the groups' first, managed Red Fox Hot...

May 15, 2015

Starwood inks pact to operate Le Meridien in Mahabaleshwar

Mumbai: US-based multinational hospitality chain Starwood Hotels and Resorts has signed a management contract for a five-star hotel in Mahabaleshwar, Maharashtra, to be branded a...

May 14, 2015

Lalit Suri Hospitality Group to invest Rs 250 crore over next two years

Mumbai: The Lalit Suri Hospitality Group plans to invest around Rs 250 crore over the next two years to expand its portfolio to 16 hotels. The hotel chain, with 13 operational ho...

April 17, 2015

US’ Vantage Hospitality ties up with Miraya Hotel for India foray

Mumbai: US-based Vantage Hospitality Group has signed a franchise agreement with India-based Miraya Hotel Management to establish its mid-market brands in the country.


March 20, 2015
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