Showing Results for tag: India
OYO rumoured to be edging towards $1.2bn IPO
India: SoftBank-backed hospitality chain OYO is rumoured to be edging towards an initial public offering [IPO] after hiring JP Morgan, Kotak Mahindra Capital and Citi for an initial $1.2 billion share sale.
Staybridge Suites to open first Indian property
India: IHG Hotels and Resorts has announced the debut of Staybridge Suites in India with the signing of Staybridge Suites Bengaluru Thanisandra.
Olive by Embassy launches asset light management business
India: Olive by Embassy, the coliving and student housing brand by the Embassy Group, has launched Olive Residences, its asset light management business.
Entrepreneurs launch Indian coliving startup COVIE
India: Real estate entrepreneurs Swapnali Bhosale Kadam and Abhishek Kumar have launched COVIE, described as “a new age co-living startup” with 3,000+ beds in Pune, Bengaluru and Mumbai.
Partners form Opco/Propco SPV for Indian apartment and coliving projects
India: Hyderabad-based Sensation Group and Gurugram-based Woke Life Co-living have formed Sensation Woke Hospitality.
Zolostays closes $56 million funding round
India: Bengaluru-based coliving startup Zolostays has raised US$56 million in Series C funding round led by Investcorp, Nexus Ventures Partners, Mirae Assets, Trifecta Capital and others.
WeWork to invest $100 million in Indian division
India: WeWork India is set to raise US$100 million from WeWork Global to invest in the sustainable growth of its business.
Stanza Living outlines coliving expansion plans
India: Stanza Living will invest Rs 400 crore (around US$50 million) over the next two years on expansion.
Ascott's Indian expansion plans stymied by pandemic
India: Ascott's pipeline of new property openings in India will be slowed due to the impact of Covid-19, according to regional GM Vincent Miccolis.
Cheval Collection appoints TRAC as Indian representative
UK: With properties spread across London, Cheval is looking to strengthen its presence in India.
OYO enters premium all-suites market in India
India: OYO Hotels & Homes has partnered with Mountania Developers to operate a 64-key all-suites hotel near Ellis Bridge in Ahmedabad.
Apartment platform WWStay adds meetings offer
India: WWStay has added meetings to its portfolio of corporate housing and serviced apartment units available for booking.
Oakwood Residence Kapil Hyderabad wins at India Travel Awards
India: Oakwood Residence Kapil Hyderabad has been named Best Serviced Apartments by India Travel Awards South.
Oakwood Residence Kapil Hyderabad wins at India Travel Awards
India: Oakwood Residence Kapil Hyderabad has been named Best Serviced Apartments by India Travel Awards South.
Ascott to manage Citadines property in Gurugram
India: Ascott has signed a 90-unit project with Paras Buildtech, in the northern city of Gurugram.
Rosewood Apartment Hotels plans expansion in north India
India: Rosewood Apartment Hotels is aiming to grow its portfolio to more than 200 units by the end of 2019.
OYO invests $100 million in Indonesian market
Indonesia: Indian hospitality chain OYO has strengthened its presence in Indonesia by investing $100 million to boost its operations.
Olive Serviced Apartments passes 500 unit milestone
India: Olive Serviced Apartments has boosted its portfolio across major Indian cities to more than 500 units.
Oakwood and Kapil Group sign second Hyderabad property
India: Oakwood Worldwide and the Kapil Group (BVM Energy and Residence) will open a second Oakwood-branded property in Hyderabad in 2020.
Accor to bring Novotel Suites brand to India
India: AccorHotels is in advanced talks with a real estate developer in Gurugram to launch its first Novotel Suites property in India.
Ascott parent sells stake in India project
Singapore: CapitaLand, the parent company of The Ascott Ltd, has divested its stake in India's Citadines Ahmedabad Aparthotel (CAA) for about S$10.8 million ($8.22 million).
Wyndham to cater to Indian pilgrim market with Hawthorn Suites brand
India: Wyndham Hotel Group has signed a deal with Nebula Infraspace LLP to develop at least 20 Hawthorn Suites hotels across India.
1589 Hotels moves in to serviced apartment market (1)
India: 1589 Hotels, part of Clarks Hotel Group, has announced a major expansion plan which includes its first serviced apartments.
GIC eyes stake in Provenance Land
India: Singaporean sovereign wealth fund GIC is in advanced talks to buy a stake in developer Provenance Land.
Ashwin Vijaysekar appointed GM at Citadines OMR Chennai
India: Ascott has appointed Ashwin Vijaysekar as general manager of Citadines OMR Chennai.
Ascott opens Citadines property in Chennai
India: The Ascott Limited (Ascott), has opened its second serviced residence in India – the 269-unit Citadines OMR in Chennai.
India’s Lemon Tree Hotels moves in to extended stay sector
India: Developer Assotech Realty has opened an extended stay hotel in New Delhi’s NCR suburb.
Oakwood pulls out of Mumbai market
India: Oakwood Worldwide has disassociated itself with the Oakwood Premier Andheri, which is under construction at Sahar.
OYO Rooms to offer serviced apartments and homestays
India: Hotel aggregator OYO Rooms is planning to expand its offer to include serviced apartments and homestays by the end of the year.
Steigenberger’s first project in India will feature 123 serviced apartments
India: German hotel group Steigenberger has announced the details of The Zephyr – MBD Steigenberger Hotel & Apartments in Bangalore.
56 serviced apartments added to Sheraton Hyderabad hotel
India: The Sheraton Hyderabad has unveiled 56 serviced apartments, adding to the its existing 216 rooms.
BridgeStreet and JNB Group to roll out Mode brand in California and India
US: BridgeStreet Global Hospitality has announced that JNB Capital Group Inc will develop up to 20 Mode apart hotels over the next six years.
Minor Hotel Group launches Oaks serviced apartment brand in India
India: Minor Hotel Group (MHG) has announced the first Oaks property in India with the development of Oaks Neemrana, in partnership with Indian conglomerate NSP Associates.
Indian serviced apartment aggregator on the search for investment
India: Staybazar.com, a marketplace for alternative accommodation options, including serviced apartments, is looking to raise $6 million
Indian serviced apartment company 14Square receives investment boost
India: Serviced apartment company 14Square has received Rs 2 crore (US$302,000)funding from Sambhav Learning Private Limited.
Stichting Van Herk invests a further $20 million USD with BHC Value Homes
Bengaluru-based affordable housing firm BHC Value Homes Pvt. Ltd. secures a further $20 million USD to aid expansion in India.
East India Company looks to UAE serviced apartment sector
UAE: The East India Company is examining the possibility of entering the Middle East’s serviced apartment sector.
