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Showing posts from October 25, 2007

Global asset management firms enter Indian hotels business

Large scale expansion in the booming hotel industry is making the international hotel asset management companies enter the country. US-based HVS International has firmed up plans to manage assets of hotels on behalf of the owners, charging them 2% of hotels’ revenue as fees, which is in sync with the global trend.

Industry players believe other international hotel asset management companies such as Ashford Hospitality Trust and IFA Hotels & Resorts among others are likely to follow suit.

Traditionally, hotel owners have been managing hotels in India but in the last two years many new tie-ups have taken place in the hotel space with real estate developers tying up with hotel management companies and hoteliers tying up with international brands.

“The ownership patterns in the hotel industry are changing. Indian hotel industry has become competitive with so many brands now available. In such a scenario, there is a need for asset management companies to ensure that investors or the owner…

MAK group to launch new brand of hotels

MAK Hotels & Resorts, Hyderabad has announced the launch of a new brand of hotels called Blue Lotus. The brand will operate in budget, business, boutique and luxury segments. According to the chairman of the group, Murali Krishna Reddy, "We have a budget of Rs 300 crore for the next five years. We are primarily looking to build business class and budget hotels."

He added, "For this purpose, land has been already brought in Chennai, Nagpur and Mysore. Our focus is Hyderabad, Chennai, Bangalore, Mysore, Nagpur and Pune. The first hotel will come up in two years. The target is to build five hotels in five years. All the hotels will be built and operated by us unlike the BOT route."

Apart from this venture, the MAK group is also coming up with a 250-room business hotel, a service apartment and a retail mall near Hi-Tec city in Hyderabad. This is expected to open by the end of 2009. The group is also the franchisee for a five-star luxury hotel in Hyderabad.

A new concept in compact city hotels

nitenite is a micro boutique hotel destined to open in city centers and Airports across Europe and key locations globally, following the success of a pilot hotel opened in Birmingham in 2006. nitenite is unique in delivering a high quality luxury sleep experience at a great value price – and for demonstrating that hotel rooms do not need windows.

The nitenite concept delivers compact, perfectly formed bedrooms in the heart of the city. Taking as its cue the feel of a cabin aboard a luxury yacht, each fully air-conditioned room utilizes high-quality cherry wood, leather finishes, a high end quality mattress and Egyptian cotton bedding, and features the very latest technology, including a 42" plasma screen, multi-channel entertainment, wireless Internet access and high-tech wet room with power shower.

Thanks to its compact dimensions and fact that it is a prefabricated unit built in Italy and rolled in on wheels – a room footprint is typically 70 sq ft - nitenite can provide this lev…

Holiday Inn Gets First New Logo in More Than 50 Years

By Amy Wilson and Oliver Staley Oct. 24 (Bloomberg) -- Holiday Inn, the pioneer of roadside motels more than 50 years ago, will get its first new logo as part of $1 billion in renovations planned for the chain to revive sales. InterContinental Hotels Group Plc, the world's largest hotel company by rooms, will upgrade more than 3,000 Holiday Inns and Holiday Inns Express worldwide, the Windsor, England- based company said today. The flowing script design on a green background logo, once featured on neon signs across America, will be replaced by a stylized white ``H'' on a green square. ``In many people's eyes, it's a brand of the 20th century rather than the 21st century, and it's seen as being rather dated in its home market,'' said Alistair Scobie, an analyst at Dresdner Kleinwort in London. ``It's been a fantastic brand in its time. InterContinental considers itself a branding company, so they've got to spend mon…

Hotels train staff for naked sleepwalkers

Workers at a leading chain of budget hotels are being given advice on how to deal with naked sleepwalkers after an increase in the number of guests found wandering around in the night with no clothes on.

A study by Travelodge found a seven-fold increase in sleepwalking customers in the past year, to more than 400 cases — almost all of them men.

Many sleepwalked naked into the reception area asking for a newspaper, or saying they wanted to check out. One naked guest was arrested after being locked out of the hotel.

Chris Idzikowski, of the Edinburgh Sleep Centre, said: "These figures are a surprise.

"Sleepwalking can be triggered by a stressful lifestyle, sleep deprivation, alcohol abuse or not breathing properly during the night."

Travelodge said it was sending a guide to its staff on how to deal with sleepwalkers, such as keeping a supply of towels in reception to help preserve a guest's dignity.

Leigh McCarron, Travelodge's sleep director, said: "We have seen a…