It will now be Reliance Industries catering to your needs when you fine dine at The Trident or lay back in the lap of luxury at The Oberoi Hotel. Reliance Industries Limited, led by Mukesh Ambani, Asias richest man, announced that it had bought a 14.12 per cent stake in EIH Limited, which owns and manages several hotels in the country including the Oberoi and The Trident brands.
The acquisition was made through RIL’s wholly-owned subsidiary Reliance Industries Investment and Holding Private Limited from Oberoi Hotels Private Limited and certain other promoters of EIH Limited a statement from the company said.
“RIL’s investment in EIH Limited has been made as the Oberoi family had developed the ‘Oberoi Hotels’ brand into a premier international brand in the luxury hospitality sector and as a result EIH Limited has excellent future prospects,” the statement added.
The entire deal has set back RIL by a whooping Rs. 1,021 Crores. But knowing Reliance, one cannot be surprised at the enormity of the figures the deal has witnessed. Reliance is a very diverse and flexible company, a fact which is again proven by the mentioned deal.
In a statement, RIL said that the investment in EIH Limited had been made as the Oberoi family had developed the Oberoi Hotels brand into a premier international brand in the luxury hospitality sector. The company noted that EIH Limited has excellent future prospects. The statement also said that there would be no change of management, operation or control of EIH Limited.
RIL is likely to get one seat on the board of EIH Limited for its stake. Sources said that there was no immediate plan for an open offer. Sources also confirmed that this was a strategic investment and probably the first step for the petrochemical major to enter the hospitality segment.
Now with Mr. Ambani investing aggressively in the hospitality business, it would be interesting to know whether his competitors follow lead and this inception triggers a series of aggressive investments mounting to huge amounts. Only time will tell what is in store. But for the moment, its Reliance at your service.
Hotels
Tennis Hotels In Europe With Indoor Tennis Facilities
Indoor Tennis resorts in Europe
In order to play tennis in the winter, rain or cold days , you have to play tennis indoors if you are not in a warm country. To find a resort or hotel which has these indoor tennis courts is hard to find. That is why we have selected the best resorts we could find which are suitable for winter tennis.
Starting in Austria, we have the following resorts;
1) Kanisfluh tennis hotel in the city of Mellau. The resort has 5 indoor courts. The hotel has it’s own tennis school, where you can improve your skills even more. This hotel, 30 kilometers from Lake Bodensee in Austria, focuses on tennis and wellness. Its tennis center features 5 indoor and 3 outdoor courts, 5 hitting lanes, and its own tennis school, one honored with the “Austrian Seal of Approval.
2) Bio Hotel Stanglwirt in Tirol. The resort has 6 indoor tennis courts. Luxurious ecologically-friendly Biohotel Staglwirt, surrounded by the stunning Austrian Alps, drinking in the super-clean air, starring at the beautiful blue sky, and contemplating your next Alpine treatment at the 13 treatment room spa, fitness centre.
3) Warmbaderhof in the city of Villach. This resort has 5 indoor courts.Warmbad Villach – this hot springs resort is located at the entrance to a 20-hectare nature park. It has 10 outdoor and 5 indoor courts as well as a tennis camp.
In the United Kingdom we have the following resorts;
1) Chewton Glen in New Milton. It has 2 indoor tennis courts.
New Milton, Hampshire, England, an English Original…Chewton Glen is a Luxury Country House Hotel.
In the hotel grounds we have a dedicated tennis centre with two indoor and two outdoor tennis courts and on-site tennis professional.
In Switserland we have:
1) Gstaad Palace in Gstaad. It does not have it’s own indoor tennis courts, but they are near the hotel. The hotel itself dates to 1913. At 150 rooms, it is Switzerland’s largest pension.
Among its amenities are indoor and outdoor swimming pools, a spa and fitness center, an indoor squash court, and mountain bike rentals. Golf, horseback riding, clay-pigeon shooting, and river rafting are all nearby.
All these hotels can be booked directly on Tennis Resorts.
Perfect Christmas Party Hotels
Locating and booking a perfect place for your Christmas party can be a nightmare. First, you have to take into account the number of people that will be coming, and whether or not they will be bringing guests. Secondly, you want to make sure that the location you choose is large enough, yet at the same time comfortable enough to keep all those people in the Christmas spirit. Someone’s home is often much too small, although comfortable, and a large corporate centre just is not comfortable, although it may be big enough. An excellent compromise would be Christmas party hotels.
At Christmas party hotels, you can book a room, a series of rooms, or a larger area such as a conference centre for your Christmas party. Christmas party hotels are a perfect match for several reasons. First, they have the space. Secondly, they have the comfort. Thirdly, you can pick and choose the amenities that you would like to have. Finally, you can take advantage of catering, maid service, and decorating from the hotel directly.
They Have The Space
Christmas party hotels will have the space you are looking for during the Christmas season. Whether you are doing a small party that can be contained in a large suite, or whether you are doing a larger party that will need a bigger area, Christmas party hotels have all these areas available for you. Not only do the hotels have enough space, but they also come with that space furnished. When you book a party at a hotel, you will be able to tell them what you need. You can customize the type of furniture that is found in those rooms, so your party will be comfortable, as well.
Comfortable
It is the comfort that drives many people to book Christmas party hotels for their parties. Many people enjoy parties where they feel like they are at home. With a hotel, you can take advantage of good seating arrangements with couches and chairs, beautiful decorations, and an overall warm ambience for your party. Your guests will feel well taken care of and very special when attending your event at Christmas party hotels.
Choosing Amenities
Most Christmas party hotels also let you pick and choose the things that you would like to have at your party. Do you want several couches to sit on in the room, or would you like small tables and chairs? Do you need a head table for people to sit at, or would you prefer that everyone sit at the same table? Also, the hotel can take care of the extra touches such as audio or visual equipment to add to the party and the ease of communication with them.
Taking Advantage Of What A Hotel Has To Offer
However, perhaps the most important reason that many people choose to book their events at Christmas party hotels is that you can take advantage of the things that are right there waiting for you. If you would like to serve food at your party, the catering staff will provide you with the food and serve it to you, as well. The hotel can provide a pay-as-you go bar for your guests’ enjoyment, if you decide to have one. If you would like to have music, the hotel staff will provide you with the sound system and the set up. For parties that need a lot of set up or clean up beforehand, the maid staff at the hotel will do this too. There is a decorating staff that will help you with the set up and decorating of the area for your party. If the hotel is a rather fancy one, there is also going to be a parking service for you and your guests.
Information Of Hotel Industry Laws In India – Part2
Tax benefits/ incentives.
.Current projections in budget.
Hotel Industry in India currently has supply of 110,000 rooms and there is a shortage of 150,000 rooms fueling hotel room rates across India. According to estimates demand is going to exceed supply by at least 100% over the next 2 years. To overcome, this shortage Indian hotel industry is adding about 60,000 quality rooms, currently in different stages of planning and development, which should be ready by 2012.
Indias hotel industry comprises of four main categories star hotels, heritage hotels, budget hotels and unclassified hotels. It is expected that the budget and mid-market hotel segment will witness huge growth and expansion while the luxury segment will continue to perform extremely well over the next few years.
It is forecasted to be the number 3 market in the world by 2015 for hospitality and tourism.
The industry is growing at a very rapid pace and there is a demand for more rooms both in metros and smaller towns.
In short, the Indian hospitality industry is poised for tremendous growth as the demand-supply imbalance has prompted several national and international hotel companies to focus their energies towards expansion in India. The next few years will thus witness the opening of several hotels in India.
Regulatory policy
The Ministry of Tourism is the nodal authority & along Dept. of Tourism it is responsible policies promotion & regulation of hospitality industry particular hotels.
The following are the some of important guidelines issued by the Dept. of Tourism.
.Approval of Hotels at Project Stage and Classification & Reclassification of Hotels.
.Guidelines for Classification of Heritage Hotels.
.Time Share Resorts (TSR).
.Stand Alone Restaurants
.Guidelines for apartment hotels.
.Guidelines for approval of Guest Houses.
FDI in this sector is permitted up to 100 per cent on the automatic route. For foreign technology agreements, automatic approval is granted if:-
.Up to 3 per cent of the capital cost of the project is proposed to be paid for technical and consultancy services.
.Up to 3 per cent of the net turnover is payable for franchising and marketing/publicity fee, and
.Up to 10 per cent of gross operating profit is payable for management fee, including incentive fee.
Incentives
Tax incentives under the current Budget
.Five year holiday from income tax being granted to two, three or four star hotels established in specified districts having UNESCO-declared ‘World Heritage Sites’; the hotel should be constructed and start functioning during the period April 1, 2008 to March 31, 2013.
.FBT exempted on crche, employee sports, guest houses facilities.
.No specific projections for this sector under the Current Budget.
Conclusion
The thriving economy and increased business opportunities especially growth in the tourism in India have acted as a boon for Indian hotel industry.
The future scenario of Indian hotel industry looks extremely rosy. It is expected that the budget and mid-market hotel segment will witness huge growth and expansion while the luxury segment will continue to perform extremely well over the next few years.
Pune Hotels An Overview Of The Hotels In Pune
Pune is known as the Oxford of the East and it is situated on the banks of the river Mula and Mutha. It is the eighth largest city of India and second largest city in Maharashtra. There are large number of reputed colleges and universities in Pune.
Pune city is a major commercial centre which has a large number of businessmen, students and leisure tourists making frequent visits to the city. It has resulted in remarkable increase in number of hotels in Pune.
There are different varieties of hotels that are available in Pune. They are available in wide range and serve various purposes. They are five star hotels, four star hotels, three star hotels, heritage hotels, service apartments and budget hotels. They provide services such as online booking which provide you information about the entire hotel before booking them.
You can take a decision based on the information provided online for the best hotels in Pune based on your requirements and preferences. It will also provide you information about the most preferred hotels and reviews about them which will make it easier for you to take the decision of opting for the best hotels in Pune. You should also take care to book the hotel in Pune in advance to avoid the last minute chaos and disappointment.
The five star hotels in Pune are an ideal choice for businessmen and travelers. There are many finest luxury five star hotels in Pune. These hotels offer world class amenities and accommodation. Another contributing factor for the rise of hospitality industry is the tourism in the county.
The facilities that are available in the rooms of Pune hotels are twenty four hour room service, AC, hot water and cold water bathtub attached bathrooms, mini bar tea/ coffee makers and international dialing.
Majority of the hotels in Pune offer the facility of dinning. In case of budget hotels in Pune, some have restaurants in the hotel itself. If the hotel doesn”t have one then you can opt for eateries outside. It is the most happening city and many hotels have night clubs within its premises.
There are many service apartments also that are available in Pune, India. These apartments are fully furnished and all the basic amenities that are available in your home. These apartments are ideally a good choice for corporate clients who have to stay in the city for long periods for business purposes. These apartments offer lavish and secured accommodations.