Captain C P Krishnan Nair may be 90 but his energy and passion for work has not diminished a bit even now.
The hospitality chain Leela Group chairman C P Krishnan Nair, who is set to retire from active management this June, on Monday said he will consider partnering Mukesh Ambani if there are hostile takeover threats from rival ITC.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
The Leela Palace and Resorts, a reputed chain of hotels in the country, has drawn up ambitious plans to come up with three hotels in Chennai, Udaipur and Delhi within the next three years, according to its chairman C P Krishnan Nair.
Given the hotel's prime location, it is obvious that there will be some serious bidders trying their luck when an auction is held in the second half of this calendar year.
The firm, which owns, operates and manages hotels, palaces and resorts, is likely to hive-off the two properties into separate entities.
In Mumbai, developers like the R K Jatia and Lodha groups have launched or reopened ultra luxury residential projects, complete with limousine and concierge services.
Hospitality chains are hosting dual brands on one property, looking for operational efficiencies without diluting their brands, says Shivani Shinde Nadhe.
Contract finally given for Rs 2,400-cr project, with GIFT City-like features
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