NEW DELHI: The withdrawal of input credit under the goods and services tax for restaurants will adversely affect their expansion plans this financial year, chains across formats said. In the absence of input credit for expenses such as rent and other capital costs that attract GST of 18% to 28%, opening a new outlet has...

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 their...

Lemon Tree Hotels, which will list on the stock exchanges today, has entered Hyderabad’s Banjara Hills’ hospitality market with an 85-room business hotel that will be officially launched in the coming weeks. The unique aspect of this new-built hotel, which was soft-launched last month, is that it will feature a revolving restaurant. Once operational, this...

According to a DNA report, 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 that the Ahmedabad-based company has concluded the deal and will be launching the 90-room...

New Delhi/Mumbai: Masa Hotels Pvt. Ltd, a unit of Mozambique based Masa group, has agreed to buy a 300-room hotel project located next to Mumbai’s Chhatrapati Shivaji International Airport from Aristo Realty Developers Ltd. “We will invest $50 million on the asset purchase and project completion,” Sabir Rassul, director, Masa Hotels India, said in a phone...