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Showing posts from October 18, 2007

The YO! China Story...

A group of 6 people started India’s first Chinese fast food chain called Yo! China. Founded by 6 dynamic entrepreneurs – Ashish Kapur, Ajay Saini, Joydeep Singh, Sampat Talwar, Arun Chadha & Mandhir Soni – Yo! China’s first restaurant started in May 2003 at Gurgaon’s MGF Mall. “There are 350 million middle class people who eat 3 meals a day.

That’s approximately a 1000 million meals a day opportunity! For such an opportunity we didn’t see national restaurant brands. There were many regional players but not many national and definitely none in Chinese. This inspired us,” says Ashish Kapur, MD, Yo! China explains the thought process behind the launch of this enterprise. “Yo! China is a unique concept as it offers quality food at budget prices in a speedy service & international style ambience,” he adds. Strategies like these have made Yo! China India’s largest Chinese fast food chain.

F&B retailing has some peculiar challenges in this country. New entrants and SMEs are bound t…

The YO! China Story...

A group of 6 people started India’s first Chinese fast food chain called Yo! China. Founded by 6 dynamic entrepreneurs – Ashish Kapur, Ajay Saini, Joydeep Singh, Sampat Talwar, Arun Chadha & Mandhir Soni – Yo! China’s first restaurant started in May 2003 at Gurgaon’s MGF Mall. “There are 350 million middle class people who eat 3 meals a day.

That’s approximately a 1000 million meals a day opportunity! For such an opportunity we didn’t see national restaurant brands. There were many regional players but not many national and definitely none in Chinese. This inspired us,” says Ashish Kapur, MD, Yo! China explains the thought process behind the launch of this enterprise. “Yo! China is a unique concept as it offers quality food at budget prices in a speedy service & international style ambience,” he adds. Strategies like these have made Yo! China India’s largest Chinese fast food chain.

F&B retailing has some peculiar challenges in this country. New entrants and SMEs are bound t…

La Calypso to widen footprint across India

Goa-based La Calypso Hotels Private Ltd is planning to extend its footprint across India with a whopping investment of Rs 350 crore to set-up seven five-star properties by 2009.

It will develop hotels at Mumbai, New Delhi, Pune, Gurgaon, Bangalore, Hyderabad and a resort on the Mumbai-Pune Expressway.

While the Mumbai, Bangalore and the Mumbai-Pune Expressway properties will be targeted at domestic and international tourists, the other four hotels will cater mainly to the business traveller.

“The Hyderabad hotel is taking shape and is expected to be ready by November this year. The business class property will focus on the city’s booming IT industry. Work on other projects is expected to start by this year-end and is slated for completion in a record time of two years,” said Kaushal Khanna, chairman and managing director, La Calypso Hotels Pvt Ltd.

Since its inception in mid-2005, La Calypso Hotels Pvt Ltd has carved a niche in Goa¿s hospitality industry with its maiden property along the…

Lemon Tree Hotels expands into Aurangabad & Indore

From Moneycontrol


http://www.moneycontrol.com/india/news/pressnews/lemon-tree-hotels-expands-into-aurangabadindore/23/10/308148


The Lemon Tree Hotel Company announced the addition of Hotel President Park in Aurangabad and Hotel Planet in Indore, to the Lemon Tree Hotel network, today. Lemon Tree Hotels has acquired these hotels in Indore and Aurangabad effective 15th October 2007, on a long term lease.

Both hotels will continue with the existing names till the end of 2007 and will be shut down in the first half of calendar year 2008 for extensive renovation and refitment to meet Lemon Tree brand standards. The refurbished properties, aggregating over 180 rooms, will subsequently be re-launched as Lemon Tree Hotels before the end of calendar year 2008.

The transaction value amounts to approximately Rs.40 crores inclusive of deposit and renovation/refurbishment costs, and exclusive of revenue share over the term of the lease.

Mahajan & Aibara were the sole advisors to the transaction.

Pat…