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
 
  Down to Townhouse
  Philips Lighting adds one more LightLounge with Hue Premium Zone concept in Bengaluru
 
weekly
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar
Hotelier Summit India
Mumbai
June 5-7, 2017

Tourism Investors Meet 2017
FICCI, New Delhi
July 5-6

CII Tamil Nadu Travel Mart
Chennai
July 6-8, 2017

IATO Convention
Mayfair Convention Centre,
Bhubaneswar
September 7-10, 2017

ITB Asia
Marina Bay Sands,
Singapore
October 25-27, 2017

Business and Luxury Travel Mart
Delhi (BLTM)

Gurgaon,
Delhi-NCR
October 26-27, 2017

IDE Expo Summit
October, 2017
Hyderabad

HIFI
JW Marriott Hotel
Mumbai Sahar
Nov 20-21, 2017
Events
 
 
people
interview
newappoint
expert
© Copyright 2016 Saffron Synergies Pvt Ltd
HOME   |   ABOUT US   |   CONTACT US   |   FEEDBACK   |   DISCLAIMER   |   SITE MAP   |   ARCHIVES