Track2Realty: Omaxe and The Intercontinental Hotel Group (IHG) are bringing to the city of New Chandigarh (formerly Mullanpur), a five star hotel “Holiday Inn”. In an exclusive tie-up for a hotel in Omaxe’s integrated township Omaxe New Chandigarh, the company will undertake the construction of the 150-room hotel which will be managed by IHG.
The most popular way of planning a trip earlier was to visit a travel agency to get your itinerary made. Besides direct hotel reservations, the Central Reservation Systems (CRS) and Global Distribution Systems (GDS) thus served as the primary channels of sales for hotel room nights.
An emerging segment to attract the hotel industry of India has been the MICE (Meetings, Incentive, Conventions and Exhibitions) segment as it has the potential to change the face of several upcoming Indian cities. The overall international visitors are likely to grow many fold due to MICE as it allows for the sale of several hundreds or even several thousands of room nights as opposed to the transient travellers who utilise only a few room nights at a time.
Would you like to have the luxury of global landmark Al Burj of Dubai in India only?
Mukesh Ambani has sold his plush 21-storey building in the commercial district of Nairobi to the World Bank for nearly $23 million (approx Rs.115 crore), making it the largest single property deal in East Africa.
Singapore-based Ascott Group, which operates serviced residences across the world, is finally opening its doors to India.
Mumbai-based Silvex Realty Limited with services in construction, real estate and infrastructure has forayed into the hospitality industry.
Marriott has opened a 179-key property Courtyard in Pune to cater to the business travelers which is developed by Mumbai-based The Advantage Raheja Group.
Starwood Hotels and Resorts announced on Friday the launch of Sheraton Bangalore Hotel at Brigade Gateway, the first property managed by the group in India.
ICICI Ventures-backed Delta Corp has acquired 51 per cent stake in Daman Hospitality Pvt Ltd for Rs 50 crore in its second acquisition this year.