This will help DLF cut its debt of Rs 22,519 crore.
Rattan Keswani has been appointed as the president of Trident Hotels to take the brand to the international market. The West Asian market is one area where the group would actively look to establish its brand, besides China, Singapore, Malaysia and Vietnam.
The 'Trident Hilton' hotels in Gurgaon, Agra, Jaipur, Udaipur, Bhubaneshwar, Chennai and Cochin would be rebranded as 'Trident' with effect from April 1, 2008.
Hilton International has signed a management contract for a 250-unit Hilton Residences in Bangalore at the Embassy Golf Links Business Park.
EIH Ltd, which runs the Oberoi and Trident group of hotels, has entered into a strategic alliance with Hilton International for a 15-year period for co-branding hotels in India under the Trident Hilton brand.