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Showing posts from November 20, 2007

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NEWS| Donald hopes to play Trump card in Indian realty

Donald Trump Jr, whose father built the 72-storey Trump World Tower costing $300 million (Rs 1,200 crore), is mulling an investment in Indian real estate.

“There is a huge opportunity in the tourism business with hotels and resorts in places like Goa and Bangalore in addition to high-end luxury homes in Mumbai and Delhi,” said Trump Jr, who is the executive vice-president, development and acquisitions, Trump Organization, which is in talks with domestic developers to enter into a pact soon.

INTL| Dubai Hotels Take Record Revenues

The total revenues of Dubai hotels and hotel apartments during the first nine months of 2007 has touched AED8.7 billion.

This comes on the back of a 7% increase in guests and 17.6% rise in guest nights compared with the corresponding period last year, the Dubai Department of Tourism and Commerce Marketing has reported on the concluding day of the World Travel Market in London.

Giving details about the stellar performance of the impressive portfolio of hotels and hotel apartments during January and September 2007 compared with the corresponding period last year, DTCM Director General, Mr. Khalid A bin Sulayem said more than 5.1 million guests stayed with Dubai hotels, recording an increase of 7%. Similarly, the number of guest nights crossed the 15 million mark, posting an increase of 17.6%.

The number of operating hotel establishments was 441, an increase of 7.1%. The total revenues of hotel establishments stood at AED8.7 billion, a solid growth of 20.3%.

The number of available hotel roo…

INTL| Jumeirah Group eyes 60 hotels

Jumeirah Group plans to have 60 hotels worldwide under its umbrella by the end of 2011, said Gerald Lawless, Executive Chairman of the hotel group.

Speaking at the Abu Dhabi Conference 2007, organized by Meed, Lawless said hotel occupancy rates in Dubai remain very high, with 30% of leisure tourists at Jumeirah Beach Hotel returning more than once a year.

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NEWS| United Breweries' Zinzy wine @ Rs 275

Vijay Mallya-owned UB Group has said it will launch a new brand of wines 'Zinzy' next month, priced at Rs 275 comprising both red and white wines.

"We will launch Zinzy next month, priced at Rs 275," said United Spirits Senior VP and Chief Wine Maker, Abhay Kewadkar.

The Rs 150-crore Indian wine market has been growing at an yearly pace of 25-30 per cent, making India one of the fastest growing wine markets in the Asia-Pacific region. The Group had also acquired Bouvet Ladubay, a 156-year-old French wine company, in 2006. Bouvet-Ladubay wines are priced at Rs 1,500-Rs 3,000 per bottle.

With the technology acquired, the Group hopes to produce sparkling wines from Baramati, where it has acquired land for setting up a winery. "The first harvest is due for January next year and we hope to bring one million bottles in the market," said Kewadkar.

The company will also launch its 'Four Seasons' label in January 2008 in six varieties and will export the brand t…

INTL| Carlyle to invest 100 mln usd in China

INTL| Carlyle to invest 100 mln usd in China

The US-based private equity firm Carlyle will invest 100 mln usd in New Century Tourism Group, China's largest private hospitality firm, the China Business News reported, citing New Century's chairman Chen Miaolin.

The Hangzhou-based hotel owner has received 340 mln yuan in first-phase investment from Carlyle, and the remaining funds will be allocated at the beginning of next year, Chen said. Chen said the company plans to list in Hong Kong in 2008 or 2009 and boost the number of its hotels to about 35 by 2010 from more than 20 now. New Century has total assets of more than 6 bln yuan, according to the paper

Copyright Thomson Financial News Limited 2007

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