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Showing posts from February 2, 2009

JOBS| INTL| Hotel GM/Regional Manager Needed in Toronto

200 room/suite Toronto airport hotel needs a GM
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200 room/suite Toronto airport hotel needs a GM leading to Regional Manager position with small Ontario, Canada based management company.

Please send resume and inquire to Bradly Sax, bsax@ shgonline.com

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NEWS| Taj signs an agreement for 5-star luxury resort in the Carribean

The Tata-controlled Taj chain will finally have a hotel in the Caribbean. Indian Hotels Company (IHC) has signed a management contract for a 5-star luxury resort on Anguila, a British protectorate island of coral and limestone.

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The resort will complement the chain’s business hotels in San Francisco, Boston and New York.

A director on the board of the company confirmed to Financial Chronicle the signing of the contract for the 100-room resort. The island, east of Puerto Rico, is popular with both rich British and American tourists. It is noted for its spectacular coral reefs adjoining Saint Martin’s island. Taj has business hotels on both the east and the west coasts of the US. But it has no luxury resort to cater to Americans who patronise its hotels. This was seen as a strategic disadvantage. A hotel industry expert said Taj had been prudent in signing a managemen…

NEWS| Nirula’s on the block again

Malaysian buyout fund Navis Capital Partners that owns a majority stake in Nirula’s has put the New Delhi-based fast-food chain on the block again and has appointed NM Rothschild to advise it on a possible sale, reported a business daily. But potential suitors say a high asking price may be keeping buyers away.

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Nirula’s managing director Samir Kuckreja, a part-owner of the company, said the firm “had received several takeover proposals” and confirmed the appointment of an investment bank to “manage such queries and explore the proposals.”





“But at this stage, we would like to state that Nirula’s continues to be owned by Navis Capital Partners and me, and the current shareholding pattern is not expected to change in the foreseeable future,” Kuckreja added.

However, a senior executive with a potential suitor said the owners of Nirula’s were expecting Rs 300 crore, which was “quite high”. The executive sai…