Leela Palaces, Hotels & Resorts, operated by Schloss Bangalore Ltd, is preparing to launch an Initial Public Offering (IPO) valued at ₹5,000 crore, marking the largest IPO in India’s hospitality sector. The offering is split into two parts: a fresh issue of ₹3,000 crore and an offer for sale (OFS) worth ₹2,000 crore by Project Ballet Bangalore Holdings, part of Brookfield Asset Management. Key IPO Details – Fresh Issue: ₹3,000 crore of new equity shares will be issued. – Offer for Sale: ₹2,000 crore worth of shares will be sold by Brookfield’s subsidiary. – Purpose: Proceeds from the fresh issue…
Author: Team Negohtel Bulletin
.New Delhi – The tourism industry celebrated World Tourism Day 2024 with an impressive gathering at WelcomHotel by ITC, Dwarka, Delhi. Under the esteemed leadership of Mr. Sridhar Jha an alumnus of IMS Ghaziabad (Class of 2000) and Director at RS Global Hotels, this event highlighted the tourism sector’s vital contribution to India’s economic growth. Visionary Leadership and OrganizationThe event was meticulously organized by a dedicated team comprising Mr. Pranav Bansal , Mr. Dilip Rajput, Mr. Rajesh Dhanker, and Ms. Goldy Rathi. Their combined efforts attracted over 750 visitors, including key stakeholders from various segments of the tourism and…
Hotel Sahara Star is excited to invite you to the second edition of the most anticipated event of the year – the Sahara Star Oktoberfest! With its unique blend of luxury, entertainment, and camaraderie, this is the perfect opportunity to celebrate in style and make lasting memories with friends and fellow festivalgoers. Join us for an unforgettable day of hops, laughter and celebration on October 13th, starting at 1 PM for a day of beer-fueled excitement and Oktoberfest festivities. Whether you’re a seasoned craft beer aficionado or simply enjoy exploring new brews, this festival is your perfect destination. We’ve assembled…
“Designers Rohit Gandhi and Rahul Khanna Unveil their Latest Collection” Fairmont Jaipur, the crown jewel of the pink city nestled amidst the Aravalli hills, hosted India’s most prestigious one-day fashion event, The Fashion Connect. This grand event presented by First India, offered an unforgettable evening of style and sophistication. This year, celebrated designers Rohit Gandhi and Rahul Khanna took center stage, showcasing their highly anticipated couture collection, NOCTURNUM. Known for their mastery of modern glamour and timeless elegance, the designer duo’s creations captivated audiences as they unveiled this stunning new line in an immersive fashion experience. The event was graced by the presence…
Sarika Raghuvanshi -Founder MIAH DECOR In the ever-evolving world of home decor, MIAH Décor stands as a beacon of tradition, craftsmanship, and innovation. Founded in December 2016, this exceptional brand was created with a singular focus: to bring the finest stoneware and ceramic products to those who appreciate the beauty and value of handcrafted goods. From the heart of India, MIAH Décor not only delivers quality but also preserves the rich cultural heritage of pottery and earthenware, blending it seamlessly with contemporary global styles. The Vision Behind MIAH DécorThe inception of MIAH Décor is rooted in a deep love for…
Dr. Malini Saba- Founder “Saba Group” In an increasingly interconnected world, the hospitality industry finds itself at a unique crossroads where business success aligns with social responsibility. The integration of philanthropy into the business model is becoming not just a trend but a necessary strategy for creating lasting impact. This approach is reshaping how hospitality businesses operate, enhancing their brand image while addressing critical social issues. The Philanthropic Shift in Hospitality Historically, the hospitality sector focused primarily on guest satisfaction and operational excellence. However, with rising consumer awareness around social issues, there is a growing demand for brands to play…
Travel has the unique power to break down cultural barriers, promote empathy, and foster meaningful connections between people from diverse backgrounds. At The Hosteller, we believe that travel isn’t just about visiting places; it’s about immersing oneself in the local culture, living among communities, and gaining firsthand experience of different ways of life. This cultural immersion allows travelers to appreciate and respect diverse customs, traditions, and perspectives. By creating shared spaces where travelers from across the world come together, our hostels serve as platforms for intercultural dialogue and exchange. From participating in local festivals and engaging in deep conversations with…
Luxury hotel chain Leela Hotels managed by Brookfield Asset Management, has filed draft papers for a Rs 5,000-crore initial public offering (IPO). The IPO aims to raise Rs 3,000 crore** to pay off debt, while Brookfield will sell shares worth Rs 2,000 crore. This marks the second Brookfield-run entity to go public in India. As of May 31, 2024, Leela’s portfolio consists of 3,382 rooms across 12 operational hotels, categorized into three segments: The Leela Palaces, The Leela Hotels, and The Leela Resorts. Leela is planning to expand by adding eight new hotels, increasing room capacity by approximately 24.63% (an…
The Vision Behind Sbooch Nestled in the bustling heart of Mumbai, Sbooch was born out of the creativity and passion of Nirraj and Kajall Manek. Their vision transcended the idea of merely offering another beverage. They sought to create a drink that would connect people across generations—something that could be enjoyed by everyone, from curious toddlers to discerning seniors. With a firm belief in authenticity, they embarked on a journey to craft a beverage that was both refreshing and rooted in wellness. The goal was not just to introduce another product to the market, but to completely redefine the bottled…
The Uttarakhand Tourism Professionals Association (UTPA) aims to elevate Uttarakhand to a leading tourist destination in India through sustainable development. Established to harness the state’s tourism potential while preserving its ecosystem, UTPA focuses on collaboration among stakeholders to formulate effective tourism policies” Objectives: 1. Network Development: Build a network of tourism professionals from Uttarakhand across the country to create job opportunities. 2. Training and Research: Promote tourism by researching new destinations, eco-tourism, and traditional practices. 3. Cultural Preservation: Revive traditional arts, crafts, and performative arts while supporting young artists. 4. Educational Support: Provide scholarships, vocational training, and professional assistance for tourism-related education.…