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Showing posts from May 12, 2010

Max Group eyes education, hotels

Education and hospitality could well be the next growth hotspots for the Analjit Singh promoted Max group. “We have already decided on medicine but we are open to a wider range of education opportunities,” Max India Chairman Analjit Singh told Hindustan Times in an exclusive interview at his Aurangzeb Road residence in Lutyen’s Delhi.

Indian Hotels repays Rs 840 cr debt

Indian Hotels Company (IHCL) that owns the Taj, Vivanta, Gateway and Ginger brand of hotels across the country, has repaid $185 million (approximately Rs 840 crore) of debt raised to finance capital expenditure on new projects, renovations and investment in international subsidiaries.

Kempinski to open its first hotel in Cairo, Egypt

Kempinski will open its first hotel in Cairo, Egypt, in June this year. The 191─room Kempinski Nile Hotel will replace an old hotel on the river banks of the Nile. The hotel was revamped in 30 months, where the décor and character have been changed. The interior design was done by the renowned French architect Pierre Yves Rochon.

WORLDHOTELS revenue up by 30 per cent in Q1 of 2010

WORLDHOTELS has reported a buoyant start to 2010, with double digit growth in revenue and room nights. As a result of various initiatives and increasingly positive climate in the tourism industry, WORLDHOTELS has boosted its total room night production and revenue by 30 per cent in Quarter One (Q1) of 2010 compared to the same period last year.