The mood at the Hotel Investment Conference South Asia (HICSA), the annual hospitality industry conference was rather upbeat. But hotel brand operators and owners remain cautiously optimistic of......
About Rs 12,000 crore (Rs 120 billion) are stuck in India’s first hotel district, Delhi’s Aerocity, because of red tape. Originally planned for the 2010 Commonwealth Games, hotels......
Warburg Pincus, the private equity major, is set to enter an equal joint venture with Patu Keswani's Lemon Tree Hotels to get into affordable housing. It may see the two infuse $100 million (Rs 455......
With so many brands making headway into the budget segment, budget hotels, it seems, is the next big thing in the Indian hospitality sector. It is, therefore, no surprise that land prices have been......
US-based equity investment firm Warburg Pincus has picked up stake worth Rs 280 crore (Rs 2.8 billion) in the hospitality chain Lemon Tree Group, which has embarked on a Rs 500 crore (Rs 5 billion)......