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JOBS| S&M| All Positions

I am currently looking for Sales & Marketing professionals for all levels for a leading hotel in Pune.

If you have a hotel mgt background / or Sales & Marketing exp (hospitality preferred) please call me | Prabhjot Bedi | +91 98720 00604

NEW HOTEL| Hilton opens first Waldorf Astoria in Asia Pacific

Hilton has announced the opening of its first Waldorf Astoria Collection property, The Beach Hotel, located in the northern part of the Maldives.

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The Beach Hotel occupies a total land area of 35 acres and features 83 Maldivian-style pool villas, seven food and beverage outlets and a signature spa.

The hotel is owned by the Maldives’ Sun Hotels and Resorts Private Limited.

JOBS| HK| Room boys| 8 Positions

jobs, hotel jobs, hospitality jobs, latest jobs, hotel jobs in india, hotel jobs in Uk, more jobs, food & beverage jobs, front office jobs, kitchen jobs, house keeping jobs The Upper Deck Resort seeks Room boys

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Salary 3,500/- to 3,900/-


Saurabh J Bamane,

General Manager (GM)

Upper Deck Resort:

13 / 15, Pangoli Village, Thakurwadi, Off Tungarli Lake, Lonavala - 410 401. Maharashtra, India.

Mobile Number: +91 9822 991 007

Tel. Number (O): +91 (0) 2114 329 833, +91 (0) 2114 326 556 / 7


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NEWS| ITC raises stakes in hotel rivals

ITC’s appetite for hotel rivals continues unabated.

The diversified company from Calcutta has built up further positions in Hotel Leelaventure and EIH Ltd.
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Russel Credit, the investment arm of ITC, bought around 27.1 lakh shares in Leelaventure between January and March.

During the same period, it acquired 93,943 shares in EIH, raising its holding to 14.98 per cent. This is the highest ITC has held in EIH, which owns Oberoi Grand in Calcutta, in the last seven years. ITC is now just 78,333 shares away from triggering an open offer.

According to the Substantial Acquisition of Shares and Takeovers regulation of the Securities and Exchange Board of India, a company has to make a mandatory open offer for an additional 20 per cent once its holding in an entity reaches 15 per cent.

As on December 31, 2008, ITC held 14.96 per cent in EIH. ITC has maintained that the share purchase is not strategic.

In Leela, its stake is 3.72 per cent, which is not significant, though it is steadily acquiring shares. ITC checked into the Bangalore-based hotel chain in the September-December quarter of the last fiscal with a 3 per cent stake, as The Telegraph had first reported.

When contacted to comment on ITC’s buying spree, an ITC spokesperson said, “These are routine treasury operations.”

In the past, the EIH management had not given much importance to ITC’s shareholding in the company.

ITC’s stake had remained near 15 per cent for a long period. Unless the cigarette-to-hotel conglomerate crossed the threshold, there was nothing for EIH to talk about, EIH officials had said.

Leela has also remained silent on ITC’s overtures so far.

“We do not disclose our plans. But as you can see, it is listed as a long-term investment in the balance sheet,” ITC chairman Yogi C. Deveshwar had said, while commenting on his company’s strategy for EIH at the annual general meeting in July 2008.

ITC had picked up a stake in EIH — which owns and manages the Oberoi chain of hotels in India and abroad — in 2001, fuelling speculation of a hostile takeover. However, ITC held on to its stake without threatening to replace the EIH promoters or the management during the period. In the meantime, it strengthened its presence by setting up hotels.

Promoters P.R.S. Oberoi and his family own a 46.42 per cent stake in EIH. If ITC decides to make an open offer for another 20 per cent, it cannot hope to get control of EIH unless a section of the promoter family offload their stake.

ITC’s stake purchase in Leela would also not give the Nairs — the promoters of Hotel Leelaventure — any cause for worry as they hold a majority 51.56 per cent in the company.

ITC ranks somewhere in the middle between EIH and Leela. EIH, formerly East India Hotels, has a bigger presence than ITC in India and abroad.

ITC does not have an overseas hotel. Leela, on the other hand, is on an expansion mode, building on its oldest and most successful hotel in Bangalore.