Chennai─based Appu Hotels Ltd, which owns two five─star hotels — Hotel Le Royal Meridien in Chennai and Le Meridien in Coimbatore — is planning for an initial public offering (IPO) to support its Rs 500─crore expansion plan. According to a report in The Business Standard, the company is planning to come out with an IPO by the end of next year.
According to a report in The Hindu Business Line, Liam Lambert, President, East India Hotels (EIH) Ltd, has quit the company citing personal reasons. This information was given by SS Mukherji, Vice─Chairman, EIHL. Mukherji further said that there is no word on who will take Lambert's place. Lambert was appointed in July 2009.
Lemon Tree Hotels has announced the launch of its second upscale, full─service, contemporary business hotel, Lemon Tree Hotel, City Center Bengaluru, the first being Lemon Tree Hotel, Electronics City Bengaluru.
Bengaluru─based Hungry Zone, the online food ordering and table reservation website, has been taken over by Britain's Just─Eat. According to a report in www.hindubusinessline.com, Just─Eat, which claims to be the world's largest online takeaway ordering service, has bought a 60 per cent stake in the business, for between USD five million and USD 10 million.
According to a report in www.hindubusinessline.com, Hyderabad─based Viceroy Hotels Ltd is poised to add three properties this year, including two major hotels in Chennai and Bengaluru, which entails a capital expenditure of Rs 1,200 crore.
Banarsidas Chandiwala Institute of Hotel Management & Catering Technology (BCIHMCT) in New Delhi has achieved another milestone by becoming the first hotel management institute in India to get direct accreditation from National Assessment and Accreditation Council (NAAC).
Indo─Italian Chamber of Commerce & Industry (IICCI) in association with Western India Chef Association (WICA) has collaborated with Rizvi College of Hotel Management (RCHM) for their annual event 'Exotica', which will be held from February 11 to 12, 2011 at RCHM.
Starwood Hotels & Resorts Worldwide, Inc has signed an agreement with Bina Buana Sarana to develop The Westin Ubud Resort & Spa, which is located on the Indonesian island of Bali in Ubud District. The 107─room hotel is scheduled to open in Quarter Four of 2012.