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ITC Hotels acquires Zuri Kumarakom, Kerala Resort & Spa
ITC Hotels has today signed definitive agreements for acquisition of a luxury resort in Kumarakom, Kerala - The Zuri Kumarakom, Kerala Resort & Spa (Resort). The Company will acquire 100% stake in Zuri Hotels & Resorts (ZHRPL), which owns the Resort, at an Enterprise Value of Rs. 205 crore, on a debt-free and cash free basis, subject to customary adjustments as per the definitive agreements.
Adani enters hospitality biz with IHG hotel pact for five hotels across four Indian cities
In a groundbreaking move for the hospitality industry, Adani Airport Holdings has announced its foray into the sector through a strategic partnership with IHG Hotels & Resorts. They are set to launch five stylish hotels in key locations, including Jaipur, Navi Mumbai, Mangaluru, and Thiruvananthapuram, featuring the luxury of IHG's Kimpton brand for Indian travelers.
Adani Airport Holdings signs deal with IHG Hotels & Resorts for 5 properties
Adani Airport Holdings is partnering with IHG Hotels & Resorts to build five new hotels. These hotels will be located in important cities like Mumbai, Navi Mumbai, Ahmedabad, Jaipur, Mangaluru, and Thiruvananthapuram. This collaboration will add nearly 1,500 hotel rooms. It also marks the debut of IHG's luxury brand, Kimpton, in India.
Adani and IHG are building hotels around India’s fastest-growing airports
Adani Airport Holdings and IHG Hotels & Resorts are joining forces to build five new hotels in India. This collaboration will bring nearly 1,500 hotel rooms to cities like Navi Mumbai, Mangaluru, Thiruvananthapuram, and Jaipur. The partnership marks the debut of the luxury Kimpton Hotels & Restaurants brand in India.
Q4 Results Highlights: CEAT profit jumps 144%; Go Digit General Insurance profit up 29%
Q4 Results LIVE Updates: It is an important day today with regards to results, as India's largest passenger car manufacturer, Maruti Suzuki India Ltd., and food delivery-to-quick commerce operator Eternal, will be reporting results today. Besides these, there are plenty of broader market names, such as Bandhan Bank, Sapphire Foods, Castrol India, CEAT, Star Health, Piramal Pharma, REC, Motherson Sumi Wiring, Sanofi India, Sanofi Consumer Health, Leela Palace Hotels and many others will be reporting their results today. Watch this space for all the LIVE updates.
Leela Palaces Q4 Results: Shares fall despite 46% profit growth, margin expansion
Leela Palaces reported Q4 profit growth of 46% with margin expansion, though shares fell over 4% following the results despite steady operational performance.
Luxury hotels in India are betting big on branded residences and serviced apartments
As room growth matures and travel habits change, chains such as Marriott, Leela, Taj, Sarovar and Atmosphere are turning to branded homes and longer-stay formats for newer, asset-light revenue streams.
The Leela Palaces acquires ultra-luxury resort in Coorg for Rs 560 crore
The Leela Palaces, Hotels and Resorts has acquired a luxury resort in Coorg for Rs 560 crore. This marks the brand's expansion into nature-led and wellness hospitality. The 71-villa property will be unveiled as The Leela Coorg Forest Sanctuary later this year. This acquisition strengthens The Leela's presence in South India and its portfolio of iconic landscapes.
The Leela acquires Coorg resort for up to ₹560 crore, deepens push into nature-led luxury
The Leela Palaces has purchased a 71-villa resort in Coorg for ₹560 crore, set to be launched as The Leela Coorg Forest Sanctuary. This acquisition supports the company's strategy to focus on high-end, luxury hospitality while expanding its portfolio to 24 properties within three years.
Taking Stock: Bulls back in action; Nifty closes above 24,100, Sensex gains 291 pts
More than 200 stocks touched their 52-week high on the BSE, including Kirloskar Oil, Aegis Logistics, New India Assurance, GNFC, HFCL, Aditya Birla Sun Life AMC, Belrise Industries, AIA Engineering, Aditya Birla Capital, Sona BLW, Syrma SGS, Leela Palaces, Cemindia Projects, RBL Bank, Bharat Forge, among others.
Leela jumps over 4%, Indian Hotels, ITC Hotels gain after Nomura backs hospitality stocks ahead of Q1
Leela Palaces Hotels & Resorts rose 4.17% to Rs 495.55, while Indian Hotels gained 0.72% to Rs 733.85 and ITC Hotels advanced 0.40% to Rs 179.33 on the NSE