From the desk of Strategic Resources
For any query, discussion or feedback, please contact Pavan Chandra, Head of Strategic Resources at pchandra@zenithoptimediaindia.com, +91-124-4195100. Office Address : 10th Floor, Vatika Tower, Block-B, Sector 54 Gurgaon -122002, Haryana, India.
Volume: XV June, 2008

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Ringside is a report that provides an overview of happenings in categories of Airlines, Alcohol, Cars, Computers, Consumer Durables, Financial Services, Food and Beverages, Hotels, Real Estate, Retail, Telecom Service Providers, Two-wheelers, Skin Care and Athletic Shoes.

Each of these will have sections on 1. Sales and market share 2. Trends 3. Launches 4. Advertising campaigns

Navigation is easy. Simply click of any of the categories of interest to you and you will have the latest news in front of you.

Drop in a mail at pchandra@zenithoptimediaindia.com  with your suggestions and comments.


 

 

Share Prices

 

 

 

 

 

 

Sales and Market Share

 

 

 

 Source: Euromonitor Report- Travel Accommodation - India- October 2007



 

Trends and Strategic Initiatives

 


 

32. Peninsula Land limited, a Mumbai-based real estate developer company, along with clothing label manufacturer Arrow Webtex plans to form a special purpose vehicle (SPV) to enter into the hospitality business – May 20

 

Source: The Economic Times



 

33. Raheja Developers plans to foray into the hospitality sector with five hotels by 2010 – June 11

Delhi-based Raheja Developers Ltd intends to set up five-star, business and budget hotels in and around the National Capital Region (NCR) and is converting its existing commercial project near Manesar (near Gurgaon) into a hotel with 134 rooms.

 

Source: Indian Business Insight

 


 

34. L&T Arun Excello Commercial projects plans to set up Holiday Estancia hotel in Chennai by 2011, at an investment of Rs 150 crore – May 22

The hotel, to be managed by InterContinental Hotels Group, will be part of the Estancia Integrated Township being developed by L&T and Arun Excello Urban Infrastructure.

 

Source: Indian Business Insight

 

 

 

Product Launches

 

June 2008

 

35. Lotus Resorts, a new chain of waterfront resorts from Kamat Hotels India Limited (KHIL), announced the opening of a new property at Aronda, near Goa, offering a luxurious stay in natural surroundings with all modern amenities such as mini-bar, coffee/tea maker, telephone and cable connection. 

 

 

 
 
This tracker has been compiled from external sources and does not necessarily reflect the views of the company.
Links provided will take you to the full articles appended at the end of the file.
 
© 2008 Zenith Optimedia.










 

 

Full Articles

 

32. Peninsula In Pact With Arrow Webtex For Hospitality Biz

20 May, 2008

 

Real estate developer Peninsula Land along with clothing label manufacturer Arrow Webtex will enter into the hospitality business by forming a special purpose vehicle with an initial equity infusion of about Rs 100 crore.

 

The special purpose vehicle (SPV) would be created, which would be held 50-50 by both the joint venture (JV) partners to build hotels. In the first phase, an equity infusion of about Rs 100 crore is envisaged by both JV partners in equal proportion, the company said in a filing to the Bombay Stock Exchange.

 

This is subject to necessary approvals including board approval from both the JV partners, the company added.

 

The JV intends to build 10 hotels of 100 rooms each. The company plans to enter into cities such as Mumbai, Pune, Nagpur, Nashik, Kolhapur, Ahmedabad, Surat, Jamnagar, Mundra port.

 

The hotels are expected to be operational in the next 30 months.

 

In the phase II, the company would penetrate in southern markets targeting Karnataka, Tamil Nadu, Andhra Pradesh and Kerala, it said.

 

Shares of the company closed at Rs 94.70, down 1.51 per cent on the BSE.

 

 

 

 

33. Raheja Developers Foraying Into Hospitality Sector

11 June, 2008

 

Raheja Developers Ltd is planning to enter into hospitality sector with five hotels in the next two years. The company is converting its existing commercial project near Manesar into a hotel with 134 rooms. Raheja intends to set up five-star, business and budget hotels in and around the National Capital Region. The company is looking for a strategic partner to set up an engineering special economic zone in Gurgaon.

 

 

 

34. L&T To Build Holiday Inn Estancia Hotel

22 May, 2008

 

L&T Arun Excello Commercial projects plans to set up the Holiday Estancia hotel in Chennai at an investment of Rs150 crore. The 200-room, 75-suite hotel will be open in 2011. The hotel will part of the Estancia Integrated Township being developed by L&T and Arun Excello Urban Infrastructure. The hotel will be managed by InterContinental Hotels Group.

 

 

 

 

35. Lotus Opens Aronda

7 June, 2008

 

Lotus Resorts, a new chain of waterfront resorts from Kamat Hotels India Limited (KHIL), recently announced the opening of a new property at Aronda, near Goa. The rooms, with a breath-taking view from their glass windows, are spacious and equipped with all modern amenities like mini-bar, coffee/tea maker, telephone and cable connection.

 

Located on the backwaters of Satarda river on Kiranpani Aronda a famous port in olden times which used to transport goods to Sawantwadi..high in the jungle above the tranquil Tiracol River in north Goa, Lotus backwater Resort - Aronda is set amidst a verdant labyrinth of green mangroves and dense coconut groves. It offers a luxurious stay in natural surroundings, offering guests an opportunity to relax totally. The same values are epitomized in Lotus Resorts concise motto - 'Chill.Still.Tranquil'.

 

Lotus Backwater Resorts, Aronda is set on an island where clear blue skies and pristine water are the only companions. The ambience and backdrop of the surroundings are charming in their simplicity. The resort provides guests solitude and comfort, which melts into one luxurious experience.

 

An excellent example of a contemporary tropical house, the Lotus Resort at Aronda incorporates European and Goan style elements to create an ambience that is awe-inspiring, yet welcoming. The comfortable cottages are made of matured local wood & old Hubli teakwood to give guests a homely feel. The Heritage room with its unique open-to-the-sky bathroom adds an exotic touch.

 

For gastronomes, this is a dream come true. The Coconut Creek Coffee Shop serves the choicest coastal, Chinese, Indian and continental food. For connoisseurs of sea food, the coastal specialty section is a reason to rejoice. To host events or get-togethers, the captivating resort provides vast lawns that can accommodate 100-200 guests.

 

Kamat Hotels (India) Limited (KHIL) is today a large hospitality business group with interests in luxury hotels, budget hotels and restaurants, travel business, catering and educational institutions, departmental stores and of course, restaurants. With a turnover of over Rs 80 crores (2006) and approximately ten thousand shareholders, KHIL is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). 

 

 

Hotels