Author: HBI Staff | Hyderabad
According to a report by Skift,Accor, under the leadership of CEO Sébastian Bazin since 2013, has undergone significant transformations, including key acquisitions and joint ventures, such as Mövenpick, Fairmont, and Ennismore. With a five-year plan unveiled last July, emphasizing performance benchmarks and a commitment to leveraging existing assets, Accor signaled a shift towards consolidating its portfolio. During a recent visit to New York City, top Accor executives shared insights into the group’s strategic vision. Jean-Jacques Morin, Group Deputy CEO, and Martine Gerow, Group Chief Finance Officer, shed light on Accor’s priorities and future outlook. Driving Growth in Premium Brands Accor’s…
UNO Izakaya, the Japanese-themed bar and lounge, nestled within the luxurious JW Marriott Hotel Bengaluru, is proud to announce the launch of its new cocktail menu, a tantalising fusion of traditional Japanese flavours and inventive mixology. The understated décor, adorned with Geisha art brings out the essence of Izakaya, meaning, ‘Stay-drink-place’ to life while allowing patrons to indulge in exotic yet technique-heavy libations. The cocktails have been created by UNO Izakaya’s mixologist, Ashish Tamta. The bar maestro has been nominated for the Times of India Best Bartender of Year 2022 alongside being a finalist at the prestigious Grey Goose House…
D B Realty’s hospitality business witnesses a change in leadership as Rahul Pandit steps in as the President and Executive Director. Pandit, renowned for his prior leadership roles at Lemon Tree and Ginger hotels, most recently served as the Chief Executive of Blackstone’s India logistics platform – Horizon Industrial Parks. This transition comes on the heels of the D B Realty board’s approval in February for the demerger of its hospitality business, as part of a strategic move towards value enhancement. Notably, in September of last year, D B Realty had announced the acquisition of three hotels located in Mumbai,…
Nestled in the scenic Shivalik range of the Himalayas, Morni Hills welcomes the newest addition to the Regenta family – Regenta Place Morni Hills. Positioned on the picturesque Tikkar Taal, this 43-room retreat offers travellers an enchanting experience amidst nature’s splendour at 4,000 ft above sea level. Chander K Baljee, Chairman, and Managing Director of Royal Orchid & Regenta Hotels, expresses the strategic significance of Regenta Place Morni Hills. This addition aligns with their commitment to delivering exceptional experiences, further fortifying their presence in Haryana. The hotel offers meticulously furnished rooms, including Executive Rooms, Family Rooms, Suites, and Cottages, providing…
Chalet Hotels, a part of the K Raheja Corp group, has finalized the acquisition of Courtyard by Marriott Aravali Resort for INR 315 crore. This 158-room property, sprawled across eight acres, has been on the market for approximately a year, as per a notification filed with the exchange by the hotel company. Previously owned by the family of RC Juneja, co-founder and chairman of Mankind Pharma, through Ayushi and Poonam Estates LLP, the resort commenced operations in July 2022, boasting average daily rates exceeding INR 15,000 per night. Marking the Mankind family’s inaugural foray into hospitality, the group also operates…
Ohri’s restaurant chain in India, recently announces the launch of Mings&Mee, a culinary haven bringing the vibrant flavours of Pan Asian cuisine to Hyderabad. With decades of culinary excellence under its belt, the decision to evolve into a Pan Asian paradise is a testament to Ohri’s commitment to catering to the diverse taste palettes of the city. Mings&Mee promises an immersive dining experience that seamlessly blends tradition with innovation. The menu reads like a Pan Asian passport, offering signature dishes that promise to be the talk of the town. From the delicate flavors of Japan to the bold spices of…
Hotel companies are seeking fresh revenue streams from bespoke experiences and strategic partnerships. Leading hotel companies are stepping beyond the traditional hotel stay to offer bespoke experiences and strategic partnerships that benefit both guests and their bottom line. Take ultra-luxury hotel group Aman, which offers a personalized experience for up to 18 guests to travel on a private, branded jet to their properties around the world. Meanwhile, guests at luxury hotel group Four Seasons can embark on a 95-suite superyacht next year, sailing through the Mediterranean and Caribbean. Experiences like these are becoming increasingly common as hotels ramp up their…
BIRA 91, known for spearheading beer innovation and fostering a vibrant beer culture among Indian audiences, is gearing up for its much-anticipated 9th Birthday celebration with a hip-hop event scheduled on 2nd March. The award-winning Taproom which initially took root in Bengaluru, expanded its footprint to Gurgaon, and most recently, unveiled its newest location in Delhi. From its inception, BIRA 91 Taproom has played a pivotal role in propelling the craft beer revolution in India, offering consumers an array of over 16 flavorful beers on tap across its outlets. In commemoration of the remarkable journey of BIRA 91 Taproom, the…
American Brew Crafts Pvt Ltd (ABCL), a leading brewing company acclaimed for its exceptional brews, celebrates a resounding victory at the 10th edition of the Spiritz Conclave & Achievers Awards. Flying Monkey clinched the Gold for Liquid Tasting, while Blockbuster Ultra Lager secured the Silver for Packaging. Flying Monkey, ABCL’s latest addition to its portfolio, takes center stage with its gold award for Liquid Tasting. Crafted with meticulous attention to detail and using only the finest ingredients, Flying Monkey offers an unparalleled taste experience that has garnered widespread acclaim from enthusiasts and connoisseurs alike. Meanwhile, Blockbuster Ultra Lager, another standout…
The highly anticipated debut of Juniper Hotels witnessed a lukewarm reception as it listed at a modest 1.38 percent premium to the IPO price on February 28. The stock opened at INR 365 on the NSE and INR 361.2 on the BSE, slightly above its issue price of INR 360. Despite initial enthusiasm reflected in a 1 percent premium during the IPO opening on February 21, the stock’s grey market premium was entirely wiped off before its listing. The grey market, an unofficial platform where shares trade before allotment and until the listing day, serves as a barometer for investors…
