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Chalet Hotels Ltd aims to have around 5,500 hotel keys by FY30 as it expands beyond its traditional asset-ownership model, the hospitality player's MD and CEO Shwetank Singh said. The expansion marks a shift in Chalet's business model, with the company now pursuing a combination of third-party operated hotels, franchise properties and hotels under its own Athiva brand. The Athiva brand accounts for 1,200-1,300 keys of the pipeline. "So, the way we look at our business is that we have graduated from a pure asset-ownership model to having all three models in play. We will continue to have properties such as the Ritz-Carlton that are operated by third parties, franchise properties like Taj, and properties under our own Athiva brand," Singh told PTI in an interview. The company's upcoming portfolio includes a 380-room Taj hotel at Delhi Airport, with approximately 70 rooms expected to open by the end of this financial year. Ritz-Carlton Hyderabad, Hyatt Regency Airoli and Udaipur hote
Realty firm Omaxe on Monday said it will invest Rs 6,200 crore over the next five years to develop 19 hotels across five states as part of its expansion plan. In a regulatory filing, the company announced its dedicated hospitality business vertical. The company "plans to develop 19 hotels spread over nearly 5 million sq ft across five states in the next 4-5 years," it said. The company proposes to invest about Rs 6,200 crore over the next 4-5 years, the filing said. Omaxe will rope in hospitality chains to manage these hotels. These hospitality projects will be constructed across high-growth urban centres, pilgrimage destinations, and transit corridors. These hotels will be integrated with Omaxe's existing ecosystem of townships, mixed-use developments, commercial destinations and urban infrastructure projects. Of the 19 hotels, 12 will be developed in Uttar Pradesh, including two each in Ayodhya and Vrindavan, and three in Lucknow. Among the key projects, Omaxe will develop a
Indian conglomerate Dharampal Satyapal Group (DS Group), known for brands including Rajnigandha and Catch, is increasing its investment in the hospitality sector to Rs 1,500 crore as its initial target to double room count will be achieved ahead of schedule, according to Vice-Chairman Rajiv Kumar. Dharampal Satyapal Group (DS Group), which on Wednesday announced a new hospitality project in partnership with Marriott International under the 'W Hotels' luxury brand near the Indira Gandhi International Airport here in the Capital, is also scouting for brownfield acquisitions and also looking to expand in North East India, Kumar told PTI in an interview. "Last year, we said by 2029 we will invest Rs 1,000 crore and make our (room) inventory from 1,000 to 2,000. Maybe, we (will) do it before time," he said, sharing how the group's expansion in the sector has progressed. He further said, "If we complete our target in 2028, then we have to expand further to 2029 because 2029 we (DS Group)
Hotel and restaurant operations in the city are likely to be affected starting March 10, following a sudden and total halt in the supply of commercial gas cylinders, the Bangalore Hotels Association said on Monday. This development comes amid rising energy costs and supply constraints caused by the West Asia conflict. "Since the gas supply has stopped, the hotels will be closed from tomorrow," the association said in a release. Noting that the supply of commercial gas cylinders stopped today, it said, since the hotel industry is an essential service, common people, students, and medical professionals, who rely on the hotels for daily meals, will be affected. "In addition, our hotel industry will also face difficulties until the gas supply returns to normal," it added. The association said oil companies had guaranteed an uninterrupted gas supply for 70 days, making the sudden stoppage a "big blow" to the hotel industry. "Therefore, we expect the concerned Union Ministers to take .