Saturday, Feb 16 2019 | Time 21:08 Hrs(IST)
image
  • Jitendra calls on J&K Guv to discuss Jammu situation
  • Army Officer martyred in mine blast on LoC in Naushera sector
  • Cabinet ministers, top officials join people of Punjab in bidding adieu to state's Pulwama martyrs
  • Terrorism should be condemned in the strongest of terms: Mamata
  • Jharkhand Congress demands Rs 50 lakh compensation for Pulwama martyr
  • RLSP leader Kanti Prakash resigns from party
  • The mortal remains of Martyr Soldier H Guru confined to flames with full State honour
  • PM to visit Jharkhand Sunday, to inaugurate medical colleges at Hazaribagh, Dumka & Palamu
  • Macron discussed Syria, Ukraine in phone call with Putin - Presidential office
  • Haryana election Dept decides to organise special camps in all polling stations of state
  • Mamata leads candle light march in Kolkata
  • Government determined to root out terrorism, says Rajnath Singh
  • Iran warns Saudi Arabia, UAE of "retaliation" over terrorist acts
  • Iran's IRGC accuses Pakistan for 'sheltering' terrorists
  • The northern region "Kerala Samarakshana Yathra" by LDF gets underway
Business Economy Share

IHCL expands presence in Goa with signing of 2 hotels

Panaji, Feb 11 (UNI) The Indian Hotels Company Limited (IHCL), South Asia’s largest hospitality company, has signed a management contract for two hotels in Goa, adding 506 rooms to its pipeline.
The company will take over the management of the legendary 207 key Cidade de Goa which will form a part of the SeleQtions portfolio – a named collection of hotels and resorts with a distinct character. An additional 299 rooms which are under construction, will be added to the same complex under the Taj brand scheduled to open by the end of this year.
In a statement, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “IHCL has a special relationship with the state of Goa since 1974 when Taj Fort Aguada Resort and Spa, India’s first beach resort opened its doors and firmly established Goa on the global map. Iconic properties like Cidade de Goa under a management contract with Fomento Resorts and Hotels Ltd, promoted by the illustrious Timblo family will further strengthen IHCL’s position as the most iconic and profitable hospitality company.”
Both the hotels will be located at the same site at Vainguinim beach in the vicinity of Dona Paula in Goa. Cidade de Goa, designed by Charles Correa with its distinctive old-world charm, often known as one of Goa’s best kept secrets will be the first hotel to join IHCL’s SeleQtion’s portfolio as of April 2019. The Taj branded 299 room hotel will have a contemporary design with floor to ceiling glass windows offering superb sea views. The hotel will boast of extensive conferencing facilities with the largest convention hall in Goa, measuring approximately 1200 sqm. It will have several dining options including an all-day diner, speciality restaurants and bars. It is slated to open in early 2020.
Commenting on the partnership, Anju Timblo, Managing Director, Fomento Resorts and Hotels Ltd, said, “We are very excited with our partnership with IHCL, with its highly recognized portfolio of brands. With this association, Cidade de Goa and the new development will achieve its full potential and pave the way for a successful and mutually beneficial collaboration for many years to come. Together with IHCL, we look forward to promoting the ‘Goan-ness’ of Goa.”
Goa is home to six existing IHCL branded hotels with another three under development, offering something unique for every traveller.
Fomento Resorts and Hotels Ltd (FHRL) is part of the Fomento Group with businesses spanning across mineral development, river transportation and world-wide shipping, operating in the states of Goa, Karnataka and Maharashtra while the Indian Hotels Company Limited (IHCL), and its subsidiaries, bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the hallmark of iconic hospitality, SeleQtions, a named collection of hotels, Vivanta, sophisticated upscale hotels and Ginger which is revolutionizing the lean luxe segment.
UNI AKM 1941
More News

Indian Bank revises interest rate on Domestic Term Deposits

16 Feb 2019 | 7:30 PM

Chennai, Feb 16(UNI) Chennai headquartered Indian Bank announces upward revision in interest rate on Domestic Term deposits by 50 bps to 90 bps for amount less than A1 crore across various tenors viz.

 Sharesee more..

Germany's Steinbeis signs various MoUs for Technology Transfer in India

16 Feb 2019 | 5:55 PM

(Rptg, correcting headline)
New Delhi, Feb 16 (UNI) With an aim to implement the German model of Innovation and technology
transfer and help the MSME sector grow in India, Steinbeis Centre for Technology Transfer, Germany signed MoUs with UKSDM (Uttarakhand Skill Development Mission) for setting up Dual TVET Studies Centre in
Uttarakhand, a statement here said.

 Sharesee more..

Deepak Nitrite Limited reports growth of 22 pc in Q3 FY19

16 Feb 2019 | 5:21 PM

New Delhi, Feb 16 (UNI) Deepak Nitrite Limited has reported a growth of 21.

 Sharesee more..
Reliance Foundation reaches out to families of Pulwama CRPF martyrs

Reliance Foundation reaches out to families of Pulwama CRPF martyrs

16 Feb 2019 | 4:28 PM

Mumbai/New Delhi, Feb 16 (UNI) The Reliance Foundation on Saturday expressed its readiness to assume full responsibility of the education and employment of the children and the livelihood of families of the Pulwama martyrs.

 Sharesee more..
Fuel prices rise on Saturday; petrol costs Rs 70 60 p/l in Delhi

Fuel prices rise on Saturday; petrol costs Rs 70 60 p/l in Delhi

16 Feb 2019 | 4:04 PM

New Delhi, Feb 16 (UNI) Fuel prices witnessed a hike on Saturday for the third consecutive day as the petrol and diesel rates were surged between 9 to 14 paise.

 Sharesee more..
image