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Author: Shivam

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Picking up the pieces

Besides causing immense damage to people and property, the Easter bombings in Sri Lanka have severely impacted hospitality brands such as Shangri-La, Kingsbury and Cinnamon Grand that operate in Colombo. Hotels in Lanka are now witnessing a 40-50% drop in bookings and occupancy levels of below 40%. Similarly, in December 2017, the volcanic eruption of...
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Wyndham’s India partner picks majority stake in Kolkata hotel

Unique Mercantile India, an exclusive development partner for global hospitality major Wyndham Hotel Group in India, has acquired a majority stake in a soon-to-be-operational hotel owned by Platinum World Hospitality in West Bengal. Industry sources told DNA Money that the Ahmedabad-based company has concluded the deal and will be launching the 90-room hotel at Rajarhat,...
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InterContinental launches conversion-friendly hotel brand voco

British multinational hotels company InterContinental Hotels Group (IHG) has unveiled its new upscale hotel brand ‘voco’ to tap the conversion opportunities available in the global hospitality market. DNA Money had first reported this development on April 16 this year wherein senior company executives had said that a conversion-friendly hotel brand was in the works. The...
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We foresee sustainable interest from both Foreign & Domestic investors for the multifaceted hospitality real estate sector

Founded in 2009, Noesis Capital Advisors – a leading solutions provider for hotel real estate sector has extended its services and solutions to many hotels, resorts, MICE destinations, convention centres, etc. from distinct international and national brands. Nandivardhan Jain,Founder& CEO, Noesis Capital Advisors in conversation with Hospitality Biz gives a detailed overview on the various aspects and...
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Noesis Capital Advisors Intends to Raise its Own Hospitality Fund by 2020

NOESIS CAPITAL Advisors, an integrated solutions provider for hotel real estate targets to add value to 100 hotels by the end of this year. The company also aims to migrate the unorganized standalone hotels to the organized hospitality ecosystem. Currently, India has 1,30,000 rooms inventory in the organized sector which consist of only 30 percent...
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