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Showing posts from November 23, 2013

How Lalit Suri Hospitality Group bagged Great Eastern for Rs 52 cr

History was created when Lalit Suri ’s 172-year-old heritage property, which was reopened here on Tuesday, will be open to the public in another fortnight. However, a closer look at the Lalit Great Eastern throws up a question: How did the group get the property so cheap from the West Bengal government in 2005?

Kenya: Monarch Group Raises Hospitality Portfolio With Sh1 Billion Investment

The Monarch Group - whose investments span insurance, real estate and hospitality - is ramping up its portfolio with luxury facilities, which will see it spend up to $12 million (Sh1 billion) by August 2014. It has set up Jambo Chester Hotels & Resorts, under which eight hospitality facilities spread across the country and Tanzania will be operated.

The Ecole hôtelière de Lausanne acquires the Swiss School of Tourism and Hospitality AG in Passugg

After a period of in-depth analysis which began at the end of January 2013 and focused on both the strategic and economic aspects of this investment, EHL is now completing its acquisition of 75% of the SSTH. hotelleriesuisse, the umbrella organisation of the Swiss hotel industry, holds, alongside EHL a minority stake in the capital of the School, which is located in the heart of the Canton of Graubünden.