HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > F&B Overview > News
NEWS

Kanoria Foundation’s Shristi Hotel looking to buy business hotels, resorts

Friday, November 10, 2017, 10:00 Hrs  [IST]
HBI Staff | Mumbai

According to a report in Mint, With a corpus of INR 1,500 crore, Shristi Hotel Pvt. Ltd, an arm of Kolkata-based Kanoria Foundation, is looking to acquire business hotels and resorts across the country, with a strategic focus on cities like Mumbai, Chennai and Bengaluru. Alongside, the firm, which is privately held by the Kanoria family—promoters of Srei Equipment Finance Ltd—is looking to build two properties from the ground up in Udaipur and Puducherry.

Shristi Hotel has already acquired land for these two properties. The company, which last month launched the Westin hotel in Kolkata under a partnership with the US’s Marriott International Inc., is looking to acquire existing properties for rapid expansion, said Sanjeev Oberoi, chief executive officer (CEO).

“We would look at business hotels and resorts,” he said.

Shristi Hotel has spent INR 1,100 crore on its Kolkata property, which is scheduled to have 314 rooms when completed by June next year.

(Source: Mint)

 
Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with del.icio.usdel.icio.us Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
 POST A COMMENT
* Name :    
* Email :    
* Message :  
   
 
CoverStory
Analysis
 
  H&R Johnson opens sixth Experience Store in India to service Customers, Architects & Designers as a one-stop-shop
  Beverly Wilshire launches Secret Rosé Garden for celebration of its 90th Anniversary
 
weekly
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar
Global Travel Mart for India
September 15-16, 2018, Vigyan Bhawan, New Delhi

FHRAI Annual Convention
September 20-22, 2018, Lucknow

Kerala Travel Mart (KTM)
September 27-30, 2018, Kochi, Kerala
Events
 
 
people
interview
newappoint
expert
© Copyright 2016 Saffron Synergies Pvt Ltd
HOME   |   ABOUT US   |   CONTACT US   |   FEEDBACK   |   DISCLAIMER   |   SITE MAP   |   ARCHIVES