More than 80 hotels, ranging from mid-market to premium segments, are up for grabs as valuations soften after more than two years.
IHC may get to operate the Taj Mahal Hotel in New Delhi for another four to five months after its current lease agreement expires.
Hotel developers like Dhoot Infrastructure and others can't claim infrastructure status due to steep threshold
Hotel developers in the country say the infrastructure status the RBI extended two years ago has failed to benefit the industry as most upcoming projects fall short of the Rs 200-crore threshold.
Facebook said it suffered a self-inflicted outage lasting an hour on Tuesday that made its site inaccessible to users worldwide.
“President Obama's team limits his food choices,” the person said. “His staffers are very careful with the food he consumes, even if they're preparing it themselves.
Once cleared after a background check, the tourist can fly in to any of nine select international airports in the country and pay the visa fee there.
The Surat-based firm, which manages 6 properties in country, has already dismissed its Gurgaon-based team & plans to wrap up its India operations gradually.
Rates will improve this year, but growth will be subdued till October 2017. That is when the hospitality industry will be buoyant again.
Each partner hotel is working on the project as a single unit, setting its own goal and deciding how to go about it.
Designer Manav Gangwani, who runs the Cavalli Caffe (in Delhi, said he took the decision to shut down one portion of the place as he could not serve alcohol to the guests there.
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