Home / Category / Hospitality & Tourism / Hotels & Resorts

Hotels & Resorts News

Hotels & Resorts;Mergers & Acquisitions

ITC Hotels enters Kerala premium market with 2.05 billion INR acquisition of The Zuri Kumarakom

ITC Hotels has signed definitive agreements to acquire a 100% stake in Zuri Hotels & Resorts Pvt Ltd, owners of a premium resort in Kerala, for an enterprise value of 2.05 billion INR. The debt-free and cash-free transaction marks the company’s first wholly owned luxury property in the region.

India | 2 weeks ago

Mergers & Acquisitions

Chalet Hotels enters Rajasthan with ₹ 1.71 billion acquisition of Udaipur resort

Chalet Hotels Limited has agreed to acquire Seasons Hotels Private Limited, owner of the 144-room Inder Residency Resort & Spa in Udaipur, for ₹ 1.71 billion. The all-equity transaction marks the company’s entry into Rajasthan and will see the property repositioned as an upper-upscale leisure destination.

2 weeks ago • India

Hospitals & Healthcare

Ambuja Neotia Group secures approval for Rs.7 billion investment in Guwahati mixed-use healthcare and hospitality hub

The government of Assam has sanctioned an ambitious mixed-use development by the Ambuja Neotia Group in Guwahati. Featuring a 300-bed multi-speciality hospital and a premium 250-room hotel, the project represents a strategic expansion into Northeast India’s growing infrastructure and medical tourism sectors.

2 weeks ago • India

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.