Chalet Hotels delivers record Q2 FY25 performance with 20% revenue increase

Pallavi Madhiraju- October 24, 2024 0

Chalet Hotels Limited reported its highest-ever revenue growth for the second quarter of FY25, ending September 30, 2024. The company announced a total income of ... Read More

Benares Hotels Limited posts resilient Q2 FY 2024-25 performance despite revenue dip

Pallavi Madhiraju- October 19, 2024 0

Benares Hotels Limited (BHL), a subsidiary of The Indian Hotels Company Limited (IHCL), has released its financial results for the second quarter (Q2) and half-year ... Read More

SAMHI Hotels strengthens Bengaluru presence with Innmar Tourism and Hotels acquisition

Pallavi Madhiraju- October 5, 2024 0

SAMHI Hotels Limited has made a significant move to boost its portfolio with the acquisition of Innmar Tourism and Hotels Private Limited. The company announced ... Read More

OYO seals $525m deal to acquire G6 Hospitality from Blackstone

Pallavi Madhiraju- September 21, 2024 0

In a monumental move, OYO is set to acquire G6 Hospitality, the parent company of Motel 6 and Studio 6, from Blackstone Real Estate in ... Read More

Leela Palaces plans biggest hotel IPO in history at Rs 5,000cr

Pallavi Madhiraju- September 20, 2024 0

Luxury hotel group Leela Palaces, Hotels and Resorts, owned by Canadian investment giant Brookfield Asset Management, is gearing up for a groundbreaking Rs 5,000 crore ... Read More

Wynn Las Vegas hit with massive $130m DOJ settlement in shocking money laundering case

Pallavi Madhiraju- September 7, 2024 0

Wynn Resorts, the operator of Wynn Las Vegas, has agreed to forfeit $130 million to the U.S. Department of Justice (DOJ) to resolve a long-standing ... Read More

Big news in hospitality: Hyatt to take over The Standard and Bunkhouse Hotels

Pallavi Madhiraju- August 21, 2024 0

Hyatt Hotels Corporation (NYSE: H) has announced its intent to acquire Standard International, the parent company of The Standard and Bunkhouse Hotels, marking a significant ... Read More

Brigade Group and Accor launch ibis Styles Mysuru: A fusion of modern comfort and cultural heritage

Pallavi Madhiraju- August 20, 2024 0

In a major development for the hospitality industry, Brigade Group, a leading property developer in India, and Accor, a global hospitality giant, have officially opened ... Read More

JLL Hotels & Hospitality secures $620m for Hyatt Regency Orlando acquisition financing

Pallavi Madhiraju- August 20, 2024 0

JLL Hotels & Hospitality Group has successfully secured a substantial $620 million in acquisition financing for the Hyatt Regency Orlando, a prestigious AAA Four Diamond ... Read More

Hyatt Regency Orlando sold for $1.07bn: A major milestone in Hyatt’s asset strategy

Pallavi Madhiraju- August 19, 2024 0

Hyatt Hotels Corporation has finalised the sale of the Hyatt Regency Orlando for approximately $1.07 billion, a landmark transaction in its capital allocation strategy. This ... Read More