The promoters who own the Leela brand will also be transferring the label to Brookfield for all hospitality businesses.
Hotel Leelaventure Ltd on Friday said it has acquired the majority stake in Kovalam Hotels Ltd.
'While the concept was introduced globally over four decades ago, branded residences have taken off now in India.'
The Republic Day long weekend beginning Saturday is driving a surge in travel with hotels and resorts witnessing an increase in bookings led by high demand, reflecting a decisive shift in traveller behaviour and the rise of micro-getaways, industry players said. The increasing preference for short, experience-led holidays is emerging as a strong trend shaping the country's leisure travel market.
Jennifer Lopez sang, Ranveer Singh danced, Janhvi Kapoor, Varun Dhawan, Shahid Kapoor, Kriti Sanon, Jacqueline Fernandez, Nora Fatehi performed at American businessman Rama Raju Mantena's daughter, Netra Elizabeth's Udaipur wedding with tech entrepreneur Vamsi Gadiraju.
Ranveer has shown the right instincts in his choice of roles, which he has played with seeming effortlessness, backed with preparation and understanding.
Messi is currently at the Mumbai airport and is expected to leave shortly for the final set of engagements, which includes an appearance at the Feroz Shah Kotla Stadium for a ticketed event.
The Lionel Messi G.O.A.T. India Tour that began in shambolic fashion ended in a blaze of glory as devotional fans joyously gathered to catch a glimpse of a man that does things on the field that are often beyond human comprehension.
The grand old man of Indian hospitality industry, Captain C P Krishnan Nair on Thursday stepped down as the Chairman of Hotel Leelaventure, the company he founded in 1981.
Captain C P Krishnan Nair may be 90 but his energy and passion for work has not diminished a bit even now.
'For him what's important is relationships, his role, and, of course, the script.' Rediff celebrates Shah Rukh Khan's 60th birthday on November 2 with a special series that introduces us to the man behind the superstar.
'Today, Shah Rukh is sitting so high up that it will have to be something really spectacular for him to jump up and say, "Hey, yes, let's make this film!".'
India's hospitality sector is rolling out the red carpet for investors. A flurry of upcoming IPOs, or initial public offerings, the entry of new players, and ambitious expansion plans by Indian and global hotel brands are ushering in what could be the industry's most formalised era yet. Leading the charge are real estate titans, who are turning their hotel arms into global hospitality chains.
With his killer smile, the sex symbol image, Robert Redford would go beyond just being an actor, remembers Aseem Chhabra.
From high-end villas with private sommeliers to exclusive showcases at cultural centres to private sessions with Michelin-starred chefs and celebrities, hotel chains are pulling out all the stops
Mumbai-based Leela Palace has joined the largest hotel alliance of the world, the Global Hotel Alliance
During the April-June quarter, Russell Credit picked up 1.1 per cent in the hospitality major, taking total stake to 13.98 per cent, while the promoters hold a 56.57 per cent.
The firm, which owns, operates and manages hotels, palaces and resorts, is likely to hive-off the two properties into separate entities.
Airports authority demands Leela fork out 7.5% of gross turnover of Mumbai hotel as royalty.
The Leela Palace and Resorts, a reputed chain of hotels in the country, has drawn up ambitious plans to come up with three hotels in Chennai, Udaipur and Delhi within the next three years, according to its chairman C P Krishnan Nair.
The Indian team, set to play the second Test against Australia from Friday, had to switch hotels in New Delhi.
Initiative is being led by Samyukta Nair, the grand daughter of 90-year-old founder of the Hotel Leelaventure C P Krishnan Nair.
The initial public offering (IPO) lane will be busy next week, with four main-line companies, including Leela Palaces Hotels & Resorts operator Schloss Bangalore Ltd and Aegis Vopak Terminals tapping the primary market to raise over Rs 6,600 crore collectively.
'On this happy occasion, I wish Sonam more work and another National Award.'
Hospitality player The Leela Hotels, Palaces and Resorts is planning to invest $500 million (about Rs 2,500 crore) for opening five new properties across the country by 2012.
For 89-year-old Capt C P Krishnan Nair, it has been a long diverse journey from his days in the Army to a textile business and hotels.
Excerpts from CNBC-TV18's exclusive interview with Sushil Gupta and Vivek Nair.
He also decamped with valuables, including silver bottle holders and a mother of pearl tray, police said.
Homemade suhi can be as tasty as anything you can order at a restaurant.
'A lot of people are famous. But for how long will you be there?' 'It changes after every three days of release, Friday, Saturday, Sunday.'
Indian team vice-captain Ajinkya Rahane, senior batsman Rohit Sharma and pacer Shardul Thakur arrived in Chennai on Tuesday for the first two Tests against England.
Chicken mince, arbi, mushrooms and bok choy in one neat package. Delicious!
Over 60-70% of the guests at five-star hotels are foreigners. However, hotels say, if dollar remains at this level, the mix could change.
Duty magistrate Shivangi Vyas sent Mahamed Sharif for custodial interrogation, noting that police had to recover certain articles from his residence in Delhi, which were allegedly stolen by him.
Chetan Sharma's position as chairman of national selection committee has become untenable after his alleged outburst during a sting operation by a TV news channel.
The property was acquired by RIL for around Rs 172 crore
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