Tag Archive for hotels

Chalet Hotels Ltd. debuts on stock exchanges as a premium category, premium brand, say analysts

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

The first mainboard IPO of CY2019 – Chalet Hotels Ltd., which is part of the K Raheja Corp. Group, made a positive debut with its listing on the national stock exchanges. The Chalet Hotels Ltd. IPO sized Rs. 1,641 crore was the largest IPO of 2019 and opened in choppy markets. The Offer was oversubscribed 1.58 times in volatile challenging market conditions on strong QIB/ institutional support (Rs. 1,552 crore as against the reserved portion of Rs. 328 crore). The Company attracted marquee anchor investors and allotted 1,75,84,071 equity shares to 27 anchor investors at Rs. 280 per equity share (upper end of the Price Band) aggregating to Rs. 492.35 crore. Anchor investors include: Goldman Sachs, Fidelity, Blackrock, Macquarie, Reliance Capital, HDFC, SBI, ICICI Prudential and UTI amongst others.

At closing market price, the Company will rank amongst the Top 300 on overall market cap basis. On the debut day, the stock closed at a price of Rs 290.40 (+3.71%) on BSE and Rs 291.70 (+4.18%) on NSE. The stock price reached a high of Rs. 300 per equity share, during the intraday trade today (7 February).

Read more

Chalet Hotels Limited Listing Ceremony held today at NSE

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

(L-R): The management of Chalet Hotels Limited, Mr. Sanjay Sethi (Managing Director and CEO), Mr. Hetal Gandhi (Chairman and Independent Director) and Mr. Vikram Limaye (CEO and MD, NSE) with other dignitaries present for the bell ringing ceremony at the listing of Chalet Hotels Limited held today at NSE.

Read more

EaseMyTrip Valentine’s Day Offer: Stay in Gorgeous Hotels at Amazing Discounts

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Love never fails to surprise anyone but who doesn’t love surprises? The beautiful festival of love – Valentine’s Day is around the corner and all of us want it to be a wonderful event with lots of beautiful surprises. EaseMyTrip.com, a leading travel company of India, is coming up with great discounts on hotels on the eve of Valentine’s Day. So, it’s time to move beyond the done and dusted scenario of your city and spend a beautiful time with the love of your life.

Read more

Chalet Hotels Limited allots Rs. 492 cr to 27 Anchor Investors

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Chalet Hotels Limited (the “Company”), an owner, developer and asset manager of high-end hotels in key metro cities in India, allotted 1,75,84,071 equity shares at Rs. 280 per equity share (upper end of the Price Band) aggregating to Rs. 492.35 crore as part of the anchor investor allotment prior to opening of the IPO.

Anchor investors include: SBI SMALL CAP FUND – 17,85,729 equity shares; FIDELITY FUNDS – INDIA FOCUS FUND – 14,28,615 equity shares; GOLDMAN SACHS INDIA LIMITED – 14,28,615 equity shares;  HDFC SMALL CAP FUND – 12,14,336 equity shares; HDFC STANDARD LIFE INSURANCE COMPANY LIMITED – 12,14,336 equity shares; DB INTERNATIONAL (ASIA) LTD – 11,90,439 equity shares; BLACKROCK INDIA EQUITIES (MAURITIUS) LIMITED – 8,58,388 equity shares; EASTSPRING INVESTMENTS INDIA INFRASTRUCTURE EQUITY OPEN LIMITED – 7,14,334 equity shares; KUWAIT INVESTMENT AUTHORITY FUND 225 – 7,14,281 equity shares; LANSFORSAKRINGAR ASIENFOND – 2,16,505 equity shares; LGT SELECT FUNDS – LGT SELECT EQUITY EMERGING MARKETS – 3,98,459 equity shares; MACQUARIE UNIT TRUST SERIES- MACQUARIE ASIA NEW STARS FUND – 2,91,761 equity shares; MINE SUPERANNUATION FUND – 2,13,273 equity shares; THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE OF BLACKROCK INDIA EQUITY FUND – 2,19,102 equity shares; TOKIO MARINE LIFE INSURANCE SINGAPORE LTD. – PAR BLACKROCK – 2,89,380 equity shares; TT ASIA – PACIFIC EQUITY FUND – 3,40,725 equity shares; UNISUPER LIMITED AS TRUSTEE FOR UNISUPER – 5,59,521 equity shares; ICICI PRUDENTIAL MIDCAP FUND -                    5,35,671 equity shares; ICICI PRUDENTIAL TOP 100 FUND – 6,78,665 equity shares; RELIANCE CAPITAL TRUSTEE CO LTD.A/C RELIANCE LARGE CAP FUND -                     7,14,334 equity shares; RELIANCE CAPITAL TRUSTEE CO LTD.A/C RELIANCE MULTI CAP FUND – 7,14,281 equity shares; SBI CONSUMPTION OPPORTUNITIES FUND- 3,57,167 equity shares; UTI – CORE EQUITY FUND – 1,38,436 equity shares; UTI – INDIA LIFESTYLE FUND – 1,07,060 equity shares; UTI-MID CAP FUND – 4,98,200 equity shares; UTI- VALUE OPPORTUNITIES FUND – 4,70,640 equity shares; BNP PARIBAS ARBITRAGE -                     2,91,818 equity shares.

Read more

Lemon Tree Hotels and Warburg Pincus Enter into a JV to Form a Co-Living Platform

Share/Bookmark

By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Lemon Tree Hotels, India’s largest hotel chain in the mid-priced sector has formed a JV with an affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing, to create a co-living platform. The JV marks Lemon Tree Hotel’s entry into an adjacent but new business segment focusing on the development of institutional-grade rental housing accommodation serving both students and young working professionals across major educational clusters and key office markets in India. Following Warburg Pincus’ successful partnerships in China and Hong Kong, with entities such as Mofang, Nova, Ziroom and Weave, this investment represents the first co-living platform which the firm has backed in India. An affiliate of Warburg Pincus and Lemon Tree Hotels Limited will hold 68% and 30% stake, respectively in the JV, with the balance 2% to be held by Mr. Patanjali Keswani.

Read more

Lemon Tree Hotels launches its second property in Pune

Share/Bookmark

By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Lemon Tree Hotels Limited, India’s largest hotel chain in the mid-priced hotel sector, announced the formal opening of Lemon Tree Premier, City Center, Pune today. This is its first ‘Premier’ property in the state of Maharashtra and its second ‘owned’ hotel in Pune city.

Read more

The Fern Hotels & Resorts opens three hotels in Jaipur, Dwarka and Bhuj

Share/Bookmark

By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The Fern Hotels & Resorts, India’s leading environmentally sensitive hotel chain is growing at a rapid pace and have launched three new properties in Jaipur, Dwarka and Bhuj, thereby taking the tally of operational properties to 56 hotels in 37 locations. All the three properties operate under the Fern brand. Last month the company opened two new properties in Madhavpur (Gujarat) and Parbhani (Maharashtra).

Read more

KAMAT GROUP OF HOTELS PRESENTS ‘GANPATREE’ – AN ECO FRIENDLY ENDEAVOUR TO CELEBRATE GANESH UTSAV

Share/Bookmark

By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Every Ganesh Visarjan thousands of idols are immersed in the oceans, often leading to long-term water pollution. A CSR Initiative by Kamat Group of Hotels, Asia’s Pioneering Hospitality Chain of Environmentally Sensitive Hotels association with Indira Foundation presents an eco-friendly Ganesha idol, Ganpatree, which grows into a plant. These clay idols have been crafted in a sustainable manner with seedlings within so that the Ganpati Nimarjan will melt the idol, transforming it into soil, giving the seedlings a base to grow. Once immersed in the pot, the idol will dissolve and a plant will grow. It is a great initiative to spread green awareness and make our homes and office spaces environment friendly. Read more

Keys Hotels celebrate the spirit of Independence

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Keys Hotels, a part of the U.S.-based Berggruen Group, has rolled out a special flash sale of flat 50% discount on room bookings through their website on occasion of 72nd Independence Day of India. Keys Hotels aim to offer the most traditional and classic experience to celebrate this proud occasion.

Keys Hotels is a brand known for their distinctive style and initiatives that enhances the local experience for their guests. Keeping up the tradition, this Independence Day, Keys Hotels will be offering a special buffet themed “Kashmir to Kanyakumari” that will give a sneak peek intothe wide-ranging delicacies from different parts of our diverse country.

Along with the scrumptious food, guests traveling to Mumbai, Visakhapatnam, Kochi, Bangalore, Trivandrum, Ludhiana, and Pune can enjoy the flash sale discount at Keys Select Hotel Nestor, Keys Select Hotel Visakhapatnam, Keys Select Hotel Kochi, Keys Select Hotel Whitefield Bengaluru, Keys Select Hotel Thiruvananthapuram and Keys Select Hotel Ludhiana respectively. Read more

Switzerland Tourism introduces a unique concept of POP-UP HOTELS: Sleeping where no one has slept before.

Share/Bookmark

By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Switzerland Tourism - Lausanne - Gartenzimmer

Switzerland Tourism (ST) has launched pop-up hotels in 11 Swiss cities that gives guests the chance to spend the night in unusual places that have never been slept in before. The pop-up hotels are part of the ST cities campaign, allowing tourists to experience the booming Swiss cities from a surprising perspective.

The fishermen’s cabins in Basel are normally only accessible to a small number of people. But, this summer, Switzerland Tourism (ST) is making it possible for interested guests to spend a night in a beautiful hut directly on the Rhine because one of the huts is being turned into a pop-up hotel room for a few months. The pop-up hotel in Bellinzona is equally unusual. It’s hidden in Castelgrande Castle. Guests can be the king or queen of the castle in the tower room of this UNESCO World Heritage Site – at least for one night. Read more