Tag: Hotel Project

Unitech sounds out PEs to sell hotel properties

Unitech, the country’s second-largest listed real estate company, has put on the block all its six hotel projects under construction to reduce its capital expenditure and raise cash to fund its other ongoing projects. The company is in talks with a few private equity investors to sell all its six properties, being constructed at Gurgaon […]

Essar Arm Wins Nagpur Hotel Project

Essar Realty Holdings—the real estate arm of the Essar Group—has won the bid for building a Rs 500-crore five-star hotel, utility centre and a multiplex at the upcoming Multimodal International Hub Airport in Nagpur. The realty firm has also formed a joint venture with the US-based hospitality group Accor Hospitality to develop and manage the […]

Six Hotel Projects Shelved

A buoyant real estate market last year saw several realty firms foray into the hospitality sector. But with slowdown hitting real estate and choking cashflow, several small realty firms have been forced to put at least half a dozen hotel projects on the block. A developer has put on the block a 200-room hotel project […]

Five Realty Firms Submit EOI For Five Star Hotel

Five major realty companies including B L Kashyap and Sons are going to bid for developing a Rs 100-crore Five Star hotel in Bathinda, Punjab. The other three companies which have shown interest in the project are Chalet Hotels Limited, Ashiana Homes and Spirit Global, informed an official of PIDB. Punjab State Electricity Board (PSEB) […]