India’s Hotel Industry have been experiencing quick healing in few recent developments. They have got new names, newly designed & new Managers. Earlier this month Oriental South Delhi Pvt Ltd Invited US based Starwood Group with their upper luxury brand Le Meridien, from its French Counterpart Accor Group. Strategically located in the Delhi Gurgaon boder this lavish property features 285 guestrooms, including 22 suites, with contemporary furnishings; a renovated signature dining venue, Latest Recipe; and a new Longitude bar. Ms. Raunaq Kohli of Oriental South Delhi Hotels Private Limited & Starwood’s India MD Mr. Dilip Puri, both are well excited, since Le Meridien has been always an well accepted brand in the country.
In an another development, Blue Coast Hotels Ltd owned Park Hyatt Goa Resort & Spa, was put into bid and won by Country’s second largest hotel chains ITC Hotels.
P L Suri-headed Blue Coast Hotels, the owner of the Goa property, said the hotel which was kept as collateral against loan taken from IFCI has been put on the block by the state-owned finance company despite no mutual consent.
“IFCI Ltd has informed us that the Company has been declared as the highest successful bidder for Park Hyatt Hotel along with land and built up area of the hotel together with all buildings and structures and plant & machineries. The aforesaid assets of M/s. Blue Coast Hotels Ltd. were put up on sale today by IFCI Ltd. through public auction under the provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002”, ITC said in a disclosure.
Opened in 2004 the luxury hotel which has 250 rooms was the winner of Conde Nast Traveller India Readers’ Travel Awards (2014) – Favorite Leisure Hotel in India.