Page 2 - Hotel Business
With at least 12 mega-projects, Hilton eyes the big box in India
After two failed partnerships, the 102-year-old international hospitality chain hopes to expand its presence in the country
 "With at least 12 mega-projects, Hilton eyes the big box in India")
NDMC show-cause notice to Le Meridien Hotel for continuing trade activity
The New Delhi Municipal Council has issued a show-cause notice to the Le Meridien Hotel for allegedly operating restaurants, lodging house and other licensable trade activities
 "NDMC show-cause notice to Le Meridien Hotel for continuing trade activity")
A fourth of rooms at risk if Budget doesn't help sector: Hotel bodies
Urge infra status for hotels worth over Rs 25 crore, lower GST and income tax rates
 "A fourth of rooms at risk if Budget doesn't help sector: Hotel bodies")
Our focus is to make an IPO-ready company, says OYO chief Ritesh Agarwal
'We'll look at various things like the market situation, opportunities outside, and so on, and the board will consider and then potentially advise on the timeline,' Agarwal said
 "Our focus is to make an IPO-ready company, says OYO chief Ritesh Agarwal")
ITC weighs 'alternate structure' for hotels business for value creation
Puri also said that there were many smaller pieces in the portfolio that required support from institutional strengths, and that's why they structured the way they were
 "ITC weighs 'alternate structure' for hotels business for value creation")
Hotel stock investors fear June quarter due to coronavirus impact
Hotel stocks are likely to remain under pressure until the situation comes under control
 "Hotel stock investors fear June quarter due to coronavirus impact")
Sidestepping growth slowdown: Upscale business hotels see surge in bookings
However, according to industry estimates, there is a shortage of close to 100,000 rooms across different categories
 "Sidestepping growth slowdown: Upscale business hotels see surge in bookings")
Mahindra Group to check into upscale hotel segment to tap burgeoning demand
Sources said that the proposed diversification from 'vacation ownership' through its Club Mahindra brand will put the firm on a similar turf as that of the Tata Group's Indian Hotels
 "Mahindra Group to check into upscale hotel segment to tap burgeoning demand")
GST council meet: Hotel owners and operators cheer tax reduction
Removal of compensation cess on all manufacturers of aerated drinks brought some breather for beverage majors
 "GST council meet: Hotel owners and operators cheer tax reduction")
Tycoons rushing to check into hotels: Mittal, Ambani may diversify holdings
The Piramals have provided structured finance to many real estate developers that are putting up hotels and their typical exit route is through refinancing within 5 yrs
 "Tycoons rushing to check into hotels: Mittal, Ambani may diversify holdings")
