Author: HBI Staff | Hyderabad
Chalet Hotels Limited (CHL) has received board approval to acquire Mahananda Spa and Resorts Private Limited, the owning company of The Westin Resort & Spa, Himalayas in Rishikesh. This luxury resort, nestled in the foothills of the Himalayas, boasts 141 elegantly designed rooms and world-class wellness amenities. The acquisition marks CHL’s strategic expansion into India’s high-growth leisure, spiritual, and wellness tourism market, unlocking opportunities for premium experiences and long-term value creation. CHL is in the process of finalizing a definitive agreement with Mankind Pharma Limited to acquire 100% stake in Mahananda Spa and Resorts Private Limited at an enterprise value…
Indian Hotels Company (IHCL), India’s leading hospitality company today unveils Taj Bandstand project, a new landmark set to redefine Mumbai’s skyline. The Bhoomi Pujan took place in the presence of Hon’ble Chief Minister of Maharashtra, Mr. Devendra Fadnavis, and Mr. N. Chandrasekaran, Chairman, Tata Sons. Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer at IHCL, said, “IHCL opened its first hotel – The Taj Mahal Palace, in Bombay in 1903 and has for over a century woven itself into the cultural fabric of the city. Taj Bandstand, a testament to this legacy will be the torchbearer of the iconic…
Basil Alliance, a new-age AlcoBev company, has raised undisclosed amount from Inflection Point Ventures (IPV). As a very early-stage startup, this seed round will help Basil Alliance strengthen its presence in the Indian market and drive its next phase of growth and expansion. Founded by Vibhuti Dixit, Basil Alliance is driven by deep expertise in the AlcoBev industry. Vibhuti spent 15 years in Australia, where he gained significant experience in wine exports to Southeast Asia and Europe. His return to India marked the beginning of Basil Alliance, leveraging global industry insights to create a premium portfolio of liquor brands. Ankur…
Sula Vineyards Limited, India’s largest wine producer and a trailblazer in the domestic wine industry, has reported robust growth in its premium wine portfolio and wine tourism segment for the third quarter (Q3) and nine months (9M) of FY25, despite a challenging market environment. The company, known for its expansive range of wines and innovative wine tourism initiatives, announced its financial results, showcasing resilience and strategic adaptability. In its latest performance update, Sula posted its highest-ever 9M net revenue of INR 489.2 crore, marking a 1.7% year-on-year (YoY) growth. This growth was largely driven by the company’s premium and elite…
Following the success of his multiple outlets across India and international locations, Zorawar Kalra, Founder and Managing Director of Massive Restaurants Pvt. Ltd. known for transforming the Indian dining scene with brands like Masala Library, Pa Pa Ya, Made in Punjab, and Louis Burger has brought his exciting new venture, Farzi Beach, to Goa. The name Farzi, which means “illusion,” reflects the brand’s unique approach of giving traditional Indian cuisine a modern twist. It’s all about mixing tradition with innovation, making every bite an experience. Launched in 2014, Farzi quickly became a favorite, tapping into a moment when India’s youth…
ITC has signed definitive agreements for the acquisition of Prasuma, a leading player in the frozen, chilled, and ready-to-cook foods space in India. Prasuma is one of India’s fastest-growing, innovation-led, frozen food brands. This family business has been scaled up by Lisa Suwal and Siddhant Wangdi, a wife and husband duo who have built a unique portfolio of products – with the vision to redefine the frozen food category in India and make frozen food even better than fresh. Advanced and new freezing technology enables frozen foods to retain their freshness, even better than meals that are consumed shortly after…
École Ducasse is preparing to celebrate Easter with a one-of-a-kind collection. Highlightingthe olive tree—an emblem of peace, hope, and resilience—thisinitiative is both a gourmet delight and a bearer of profoundsymbolism. This sensory and cultural journey invites chocolate lovers and connoisseurs of exceptionalcraftsmanship to discover creations that transcend borders. For Easter 2025, École Ducasse pays tribute to the olive tree, a universal symbol carrying a positive message across the globe. This year, its Easter creations invite people of all ages on an extraordinary journey where local traditions and universalsymbols converge. From Paris to Bangkok, Abu Dhabi to Yssingeaux, each school within…
Advani Hotels & Resorts (India) Limited, the parent company of the iconic Caravela Beach Resort in Goa, has announced a record-breaking net profit of INR 1,192 lakhs for Q3 FY25, marking a 28% year-on-year growth. The company also declared a 50% dividend on the face value of INR 2 per share, amounting to a total payout of INR 924.38 lakhs. The revenue for Q3 FY25, the highest in the company’s history, stood at INR 3,607.4 lakhs, an increase of 9.2% compared to the same period last year. The growth was driven by strong demand across leisure, wedding, and MICE (meetings,…
Hyatt Centric Soalteemode Kathmandu is delighted to announce the appointment of Nishanth Nair as the Director of Sales and Marketing. A pre-opening expert with nearly two decades of experience in luxury hospitality and a strong background in business development, Nishanth is set to bring his strategic expertise and leadership to this dynamic role. Known for his “Care for People” attitude, he is dedicated to fostering strong relationships and driving success through teamwork and innovation. Throughout his career, Nishanth has played a crucial role in several prestigious luxury hotels and resorts, including Grand Hyatt Kochi Bolgatty, Hyatt Regency Thrissur, Hyatt Regency…
The Hospitality Purchasing Managers’ Forum (HPMF) has taken a significant step toward enhancing industry partnerships by signing a landmark Memorandum of Understanding (MOU) with the Forum of Indian Food Importers (FIFI). The signing ceremony was held at the FIFI Office in Delhi, witnessed by esteemed industry leaders and stakeholders. This strategic alliance is set to foster closer collaboration between the hospitality procurement and food import sectors, particularly during AAHAR and other key trade events. The partnership will pave the way for greater synergy, knowledge exchange, and business growth opportunities for industry professionals. Speaking on the occasion, Dr Nitin Nagrale, Founder…
