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| 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. |
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| Volume: XIV |  |
May, 2008 |
| CLICK ON ANY OF THE ABOVE |
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.
Hotels
Share Prices
Sales and Market Share
Source: Euromonitor Report- Travel Accommodation - India- October 2007
Trends and Strategic Initiatives
33. Indian real estate firm Sobha Group plans to enter the hospitality sector through a chain of hotel properties across the Indian subcontinent, Middle East and East Africa – May 07
The group plans to develop at least 10 five-star properties by 2013, with two hotels earmarked for Dubai, six for India, and one each in Oman and Zanzibar.
Source:
The
Economic Times
34. Global Hyatt Corp enters into an agreement with Lanco Hills Technology Park Ltd, part of the Lanco Group, for the management of the 400-room Grand Hyatt Hyderabad – May 12
The Grand Hyatt Hyderabad, which is set to open in early 2011, will be Hyatt's second hotel in Hyderabad. The hotel is part of a 100-acre township being developed by Lanco Hills in Manikonda.
Source:
The
Economic Times
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Links provided will take you to the full articles appended at the end of the file. |
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© 2008 Zenith Optimedia.
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Full Articles
33. Sobha Group To Enter Hospitality Sector
7 May, 2008
Sobha Group, India's real estate firm, on Wednesday said it will build and operate a chain of hotel properties across the Indian subcontinent, Middle East and East Africa.
Sobha Group will own, develop and operate all Sobha Hotels. The first Sobha Hotels property is expected to open by 2010. The Group has plans to develop a portfolio of 2,500 rooms, the company said in a statement.
The group has plans to develop at least 10 five-star properties in the next five years, with two hotels earmarked for Dubai, six for India, and one each in Oman and Zanzibar.
Sobha Hotels will benchmark against the best resort properties and luxury hotels in the region, Sobha Group Vice-Chairman Ajay Rajendran said in the statement.
"We have been outfitting palace interiors for a long time and know all about creating high-end interiors. Our hands on experience in the residential and commercial buildings, their planning and building maintenance has given us adequate exposure to build and operate concept of Project Management.
"It is now our aim to transfer our expertise to the hospitality sector, to create a chain of five-star properties under the brand Sobha Hotels," he said.
"Sobha Group is all
about high quality finishes and on-time completion. These pillars, coupled
with Sobha's unique service delivery, will make Sobha Hotels an
international-standard chain with a very local flavour," he added.
34. Hyatt Corp, Lanco Group Sign Accord On Hyatt Hyderabad
12 May, 2008
Global Hyatt Corp on Monday entered into an agreement with Lanco Hills Technology Park Ltd, part of the Lanco Group, for the management of the 400-room Grand Hyatt Hyderabad.
The Grand Hyatt Hyderabad is set to open in early 2011. It will be Hyatt's second hotel in Hyderabad, following Park Hyatt Hyderabad, which is scheduled to open in early 2010.
The hotel is part of a 100-acre township being developed by Lanco Hills in Manikonda. The project is located nearly 15 km away from the new international airport at Shamshabad.
"Hyderabad is an important global destination for information technology and life science research," said Hyatt Hotels and Resorts senior vice-president for real estate and development Ratnesh Verma.
"The opening of Grand Hyatt Hyderabad is part of Global Hyatt's initiative to expand its brand presence in India. We are particularly proud to be associated with this development, with an organisation like Lanco Group and we look forward to welcoming our loyal guests to Hyderabad," added Verma.
"This is a proud moment
for us since this is our first venture in the hospitality segment," said
Lanco Hills director and CEO S. Pochendar.