Tag: Budget Hotel

Citigroup downgrades Indian Hotels to ‘hold’ from ‘buy’

December 8, 2008 – 12:16 am

Citigroup has downgraded Indian Hotels to ‘hold’ from ‘buy’ rating with a target price of Rs 47. The downgrade is based on lower earnings estimates to take into account the recent terror attacks in Mumbai, which will lead to temporary shutdown of the company’s flagship property in Mumbai and likely lower occupancy of the company’s […]

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Landmark Group Invests Rs 4000 Crore In North India

May 17, 2008 – 12:59 am

Landmark Group declared that it would invest approx four thousand crore rupees in developing twelve properties across the north India in the coming three to four years. Mr. Amit Kumar, Director, Landmark Group, said,“Currently, our twelve projects are undergoing in the North, which will be completed in the next three to four years. We will […]

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