Apeejay Surrendra Park Hotels Ltd, owners of the Park Hotels, on Tuesday said it will invest about Rs 300 crore in constructing a new 220-room five-star hotel at Wakewadi, near Pune in Maharashtra.
The company said it has acquired...Click here to read full story>
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Renovates i-bar, to give Indian feel
The Park Bangalore has launched its i-bar version 2.01 after a complete makeover. At an investment of Rs. two crore, i-bar, Bengaluru’s first lounge bar has been redesigned by Project Orange (UK) to give it a more Indian look and feel.
“i-bar version 2.01 has been reinvented to .... Click here to read full story>
The Park Chennai
The Park Hotels will launch its first luxury cruise liner, 'Apsara' in Kerala by April 2008.Apeejay Surrendra Park Hotels, owner of The Park Hotels has raised US$ 55 million for major expansion plans through a private equity deal with global financial giant Credit Suisse. Priya Paul, chairperson of Apeejay Surrendra Park Hotels, said, "We have run a successful hospitality business for over 40 years and our hotels are industry leaders in innovation and design. This infusion of capital will be a catalyst which will enable us to expand our footprint throughout the region."
The Park Hotels is India's first collection of contemporary luxury boutique hotels with properties in Bangalore, Chennai, New Delhi, Kolkata, Navi Mumbai and Visakhapatnam. A 280-room hotel and retail development in Hyderabad is under construction and will open in 2008-2009.
In its investment banking business, Credit Suisse offers securities products and financial advisory services to users and suppliers of capital around the world. Operating in 69 locations across 33 countries, Credit Suisse is active across the full spectrum of financial services products including debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, and correspondent and prime brokerage services. It actively invests in real estate and hospitality-related projects in global emerging markets. It regards India as one of the most important growth markets for its Asia Pacific business. ICICI Securities and Amarchand Mangaldas were the advisors for this transaction.
source: express hospitality
Investment bank Credit Suisse is picking up a 15 per cent stake in Apeejay group’s Park Hotels. The deal is estimated at Rs 201.35 crore ($50 million), according to sources close to the development.
Park Hotels plans to build eight new hotels and create a pan-India presence with the infusion of capital, according to sources in the company.
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Dear All,
We are DELIGHTED to inform you that we have launched THE Apeejay Institute of Hospitality at Navi Mumbai. THIS is the initiative of Apeejay Surrendra Park Hotels.....
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Royal Orchid Hotels, Jaipur
Royal Orchid Hotels has launched its first four-star deluxe property in Jaipur known as the Royal Orchid Central.
Taj Safaris, Baghvan
After its first venture at Mahua Kothi on the border of Bandhavgarh National Park, Taj Safaris, a joint venture of Taj Hotels Resorts & Palaces, Conservation Corporation Africa (CC Africa), and Cigen Corporation, part of the Chaudhary Group, has announced the opening of its second luxury wilderness lodge at Baghvan in the Seoni district of southern Madhya Pradesh.
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Bonsai, New Delhi
Located in Connaught Place in the capital, Corus (a three-star hotel) launched Bonsai, a 100-cover restaurant that provides authentic Japanese and Korean cuisine.
The Park, Navi Mumbai
The Park Hotels has launched its new hotel The Park, Navi Mumbai, about 40 minutes' drive from the domestic airport.
Park Hotels, promoted by Apeejay Surrendra Hotels, has launched the first boutique hotel "The Park" in Navi Mumbai's CBD Belapur, a thriving business district and a IT-manufacturing hub.
The Rs 32 crore property - the sixth boutique hotel of the group - became operational on February 1 and is just 40 minutes drive from the domestic airport here and 10 minutes walk from Belapur railway station.
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