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Regaliaa Realty announced the market that its first Serviced Apartment Complex located in the central business district of Chennai — Nungambakkam High Road with a total built up area of 15,000 sq.ft. has opened up for Guests on February 23, 2008.
Parsvnath Developers Ltd has informed the market that Parsvnath Hotels Ltd (PHL), a subsidiary of Parsvnath Developers Ltd, has signed a MoU with Fortune Park Hotels Ltd (FPHL), a wholly owned subsidiary of ITC Ltd, to manage 50 Hotels across the country in next three to five years,This will increase the revenue for Parsvnath Builders through Parsvnath Hotels.
About Wockhardt Hospitals IPO
Wockhardt Hospitals is entering in the capital markets with an initial public offering, IPO of 29,500,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
Price Band
The price band for the issue has been fixed at Rs. 280/- at lower level and Rs. 310/- .
Issue Date
The issue opens on January 31, 2008 and closes for subscription on February 05, 2008.
More info to come before the opening of the IPO.
Indian Hotels Company has posted a profit after tax of Rs 532.40 million for the quarter ended September 30, 2007 as compared to Rs 459.10 million for the quarter ended September 30, 2006. Total Income has increased from Rs 3212.50 million for the quarter ended September 30, 2006 to Rs 3666.10 million for the quarter ended September 30, 2007.
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Phoenix Mills Ltd has informed the exchange that the Company through its wholly owned subsidiary (Pallazzio Hotels & Leisure Ltd) has signed a hotel management agreement with Shangri-La Hotels and Resorts to operate and manage their upcoming hotel at Lower Parel in Mumbai. |
This project will be the first of its kind in the island city, centrally located in the rapidly developing Lower Parel area. Shangri La Hotels and Resorts are regarded as one of the world’s finest hotel management Companies, garnering awards and recognition from prestigious publications and industry partners.
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DLF Ltd has informed the Bourses that DLF Hotels, the hospitality arm of the Company,that it has reached an agreement with Four Seasons Hotels and Resorts to operate a proposed luxury hotel at DLF Golf Links, in Gurgaon.So this is second news on Hospitality after Gammon and Wyndham announced there collobaration. |
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Gammon India Ltd has informed BSE that the Company has decided to venture into the hospitality sector through the ‘HOTEL’ business segment by forming an alliance with Wyndham Hotel Group international, Inc,(WYNDHAM) of the USA. |