The land in question was allotted to NDMC by the government of India in 1973 as part of a plan to redevelop the area and it was envisaged that a portion of it would be used for the construction of a 5-star hotel. On April 22, 1982, a licence deed was executed between the NDMC and the Bharat Hotels for construction and commissioning of a 5-star hotel and two commercial towers for a term of 99 years, with the licence fee fixed at Rs 1.45 crore per annum. Considering that the licence agreement provided for a revision in the licence...
India’s hospitality sector is entering a “golden cycle” marked by sustained average daily rate (ADR) growth, mid-teen internal rates of return and attractive valuations, making the risk-reward trade-off increasingly compelling for investors, Nomura Asian Equity Research said in its latest report.India’s hospitality sector is entering a “golden cycle” marked by sustained average daily rate (ADR) growth, mid-teen internal rates of return and attractive valuations, making the risk-reward trade-off increasingly compelling for investors, Nomura Asian Equity Research said in its latest report.Ā
Anticipated to open in January 2029, the 151 key JW Marriott Kosi Kalan Resort & Spa will be spread across 14-acres. Design plans for the resort also comprise multiple serene spaces inviting guests to fully embrace the here and now. Dining options are anticipated to include three distinct culinary experiences, including a specialty restaurant and three lounge bars, and a roof top pool bar, said a release.Anticipated to open in January 2029, the 151 key JW Marriott Kosi Kalan Resort & Spa will be spread across 14-acres. Design plans for the resort also comprise multiple serene spaces inviting guests to...
Construction has commenced on a dual-branded Wyndham hotel at SkyBridge Arizona, located near Mesa Gateway Airport. The development, situated at 6639 S. Sossaman Road in Mesa, will feature both Wingate by Wyndham and Hawthorn Suites by Wyndham brands. Spanning 70,586 square feet, the property will comprise 129 guest rooms, a fitness center, swimming pool, meeting and event spaces, EV charging stations, airport shuttle service, and a designated pad for a future restaurant. SkyPlus Hotel Corp. is overseeing the projectās development, with Alston Construction serving as general contractor and Reflect Architecture as the design firm.
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The founder chairman, HotelivateāSavills, following the conclusion of the Hotel Investment Conference South Asia (HICSA) 2026 in Mumbai, reflected on a high-energy edition marked by strong participation and meaningful industry dialogue and shared key takeaways from the event while outlining priorities for 2027, with a sharper focus on outcome-driven conversations and an expanded real estate perspective.The founder chairman, HotelivateāSavills, following the conclusion of the Hotel Investment Conference South Asia (HICSA) 2026 in Mumbai, reflected on a high-energy edition marked by strong participation and meaningful industry dialogue and shared key takeaways from the event while outlining priorities for 2027, with a...
Momentumās FY26 growth was anchored by a 4.6x increase in its customer base, reaching 12,000+ monthly-transacting businesses. This expansion drove monthly order volumes to surpass 50,000, up from ~17,300 at the start of the year. The platformās deep integration into supply chains is evidenced by top-decile repeat rates exceeding 85 percent and a doubling of Average Order Value (AOV) to Rs 10,000+. These operational gains were matched by world-class logistics efficiency, as the company halved its cash conversion cycle to 36 days and slashed inventory hold time to just 17 days, said a release.Momentumās FY26 growth was anchored by a...
Scheduled to open in 2028, The Fern Residency Ayodhya, Series by Marriott will feature 63 well-designed rooms and suites, thoughtfully curated to offer a refined and comfortable stay experience for both business and leisure travellers. Guests will be able to enjoy an all-day dining restaurant offering diverse culinary choices in thoughtfully curated spaces, ideal for both casual dining and social gatherings. It is designed to cater to both corporate and social requirements. In addition, the property will focus on offering a comfortable and well-rounded stay experience, aligned with the needs of modern travellers.Scheduled to open in 2028, The Fern Residency...
Located in Sriperumbudur, a key hub for industrial as well as historic and religious sites, the 200-key hotel is positioned to cater to strong corporate, spiritual, and transit demand. The hotel will feature well-appointed standard rooms and suites, three dining options along with a ballroom, swimming pool and fitness centre, offering well-rounded stays for travellers.Located in Sriperumbudur, a key hub for industrial as well as historic and religious sites, the 200-key hotel is positioned to cater to strong corporate, spiritual, and transit demand. The hotel will feature well-appointed standard rooms and suites, three dining options along with a ballroom, swimming...