The company has put together an information memorandum titled ‘Project Pluto’ for a limited number of parties who have expressed interest in acquiring these assets.
Prior to being appointed vice president of operations for India, Sharma was the area vice president for South and West India and general manager of Grand Hyatt Mumbai.
An industry executive said the criteria also limits the chances of a lot of global management chains which are present in India from participating in the e auction.
Restaurants cannot be told to sell pre-packaged products at just MRP as they render service while serving them, rules Supreme Court.
Crowne Plaza Varanasi will be situated closer to the commercial hub of Varanasi, catering to business and leisure segments and to premium, local social event.
While Goa, Udaipur, Jaisalmer and Manali are the top domestic destinations; Thailand, Singapore, Dubai are among the preferred international destinations.
Tax experts reckon the government should provide clarity and should consider the invoice value for calculating the GST rate in hotels.
NDMC will issue a letter of award to the successful bidder on February 14 and will execute the definitive documents by August 13.
“The recruitment for our new leader in India is still underway and we will make an announcement in due course,” said a Hilton spokesperson.
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