Sinclairs Hotels Limited (SHL) has acquired a majority stake in Savannah Hotels Private Limited that manages Savannah Sarovar Premiere outside Bangalore.

Savannah Sarovar Premiere is a 104-room four-star hotel. Two new directors from Sinclairs and three independent directors will join the board of Savannah Hotels.

Navin Suchanti, CEO and Managing Director, Sinclairs Hotels, said, "This new acquisition is in line with our strategy to achieve accelerated growth through acquisition of operating hotels. Our presence in Bangalore, will add tremendous value to the company."

East India Hotels Ltd, the company that runs the Oberoi chain of hotels and manages the Trident in India, has appointed Nita Ambani, the wife of Mukesh Ambani as an Additional Director on its board of directors.

The company has also appointed Mukesh Ambani's close aide Manoj Modi on its board as an Additional Director. P R S Oberoi-led EIH had brought in Ambani's Reliance Industries Limited (RIL) to save itself form a hostile takeover by ITC. RIL had saved the company by picking up 14.12% stake in EIH for a little over Rs. 1000 crore.

Reports have it that there are serious debt issues being faced by Hotel Leela venture. An official was of the view that the firm has now decided to raise a voluptuous sum of 10 billion rupees for the purpose of shedding the debts. They have planned to do so by the share to sale to institutions, and their target for the same is December.

On Tuesday, the world’s largest hotel group by rooms, InterContinental Hotels Group PLC (IHG) revealed that its first-quarter profit has increased by 28%. The hotel has almost 650,000 rooms in the Americas. InterContinental also owns hotel brands such as Crowne Plaza, Holiday Inn, Hotel Indigo and Centra.

Chief Executive, Andrew Coslett said that the group has always remained confident and had a positive outlook related to the market.

Investment advisor Nishant Jain of Tradeswift Broking has maintained 'buy' rating on Indian Hotels Company Limited stock to attain a target of Rs 92.

According to analyst, the investors can buy the stock with a stop loss of Rs 86.

The stock of the company, on April 25, closed at Rs 87.90 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 1.50 and 58.16 respectively.

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 78 on BSE.

New Delhi, April 18 : Luxury hotel chain company Leela Group Monday said it would issue preferential shares of about 14.5 percent to private equity firms in six to eight weeks.

"We will be issuing the preferential shares in about six-to-eight weeks time. We hope to raise about Rs. 600 crore through this exercise," Vivek Nair, vice chairman and managing director of Hotel Leelaventures Limited, told reporters at an event to mark the opening of the company's new hotel in the national capital.

According to latest reports, the Hotel Leela venture has announced that it plans to offer 14.95 percent of its equity to "prospective investors" by issue of fresh shares to help cut debt and lower interest costs.

Today, the stock of the Hotel Leela opened at Rs 39.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 58.70 and a low of Rs 35.70 on BSE.

Current EPS & P/E ratio stood at 0.93 and 43.21 respectively.

Technical analyst Anil Singhvi has maintained 'buy' rating on Hotel Leela Venture Limited stock with an intra-day target of Rs 43.

According to analyst, the stock can be purchased with a stop loss of Rs 38.

The stock of the company, on March 4, closed at Rs 38.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 58.70 and a low of Rs 35.70 on BSE.

Current EPS & P/E ratio stood at 0.93 and 43.16 respectively.

Right issue of EIH will be open for subscription on March 1 and from then the story will take a new turn. EIH has announced its much awaited right issue price and entitlement ratio on Friday.

EIH has settled issue price at Rs 65 and 11:5 entitlement ratio. It is expected that it will raise Rs 1161 crore through the rights issue.

At present, EIH scrip is floating at Rs 90-93 level and hence pricing of right issue is important for EIH. The issue will be open for subscription on March 1.

International mid-scale hospitality chain Choice Hotels is planning to open 20-30 hotels in the country every year over the next three years of time. The rapid communications development in India has made the company to come up with such ideas. This has been stated by a top company official in a recent interview.

There have been the rumors that at present the US-based firm operates 28 hotels in the country through the contract route. It has been operating through its wholly-owned subsidiary Choice Hotels India (CHI).

Technical analyst Kunal Bothra of LKP Shares has maintained 'buy' rating on Indian Hotels Company Limited stock to achieve an intraday target of Rs 106.

According to analyst, the stock can be purchased on dips.

The stock of the company, on January 10, closed at Rs 99.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 86 on BSE.

Current EPS & P/E ratio stood at 1.76 and 56.92 respectively.

Technical analyst Hitesh Chotalia has maintained 'buy' rating on Indian Hotels Company Limited stock with an intraday target of Rs 100.

According to analyst, the investors can purchase the stock with a stop loss of Rs 92.

The stock of the company, on December 29, closed at Rs 95.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 86 on BSE.

Current EPS & P/E ratio stood at 1.76 and 54.53 respectively.

Technical analyst Ramesh Arora has maintained 'hold' rating on Hotel Leela Venture Limited stock with a stop loss of Rs 42.

According to analyst, the investors can exit on rally to around Rs 50-52.

The stock of the company, on December 28, closed at Rs 45.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 58.70 and a low of Rs 41 on BSE.

Current EPS & P/E ratio stood at 1.10 and 41.50 respectively.

Technical analyst Siddharth Bhamre of Angel Broking has maintained 'buy' rating on Indian Hotels Company Limited stock with a target of Rs 100.

According to analyst, the stock can be purchased at Rs 94-95 with a stop loss of Rs 91.

The stock of the company, on Dec 06, closed at Rs 94.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 86 on BSE.

Current EPS & P/E ratio stood at 1.76 and 54.13 respectively.

Stock market analyst Ashish Chaturmotha of Anand Rathi Securities has maintained 'buy' rating on Indian Hotels Company Limited stock with short term target of Rs 125.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 96.

Today, the stock of the company opened at Rs 103 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 1.76 and 59.08 respectively.

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 84 on BSE.

EIH that posses and manage the Trident brand of hotels and Oberoi, is setting up to hoist Rs. 1,300 crore all through a rights issue. The issue has been accepted by a conference of the panel of directors of the flagship group.

Late on Thursday, in a communiqué, the group expressed that the panel also determined to comprise an issue board that will settle the rights value, the percentage and overall modalities linked to the projected rights issue.

The leading Hotel chain in the country and part of the Tata Group, Taj Hotel Resorts and Palaces has recently announced the brand 'new architecture' for its existing chain in the Sri Lanka market. It is to be mentioned here that the hotel chain also mentioned the fact that will also be looking for more sites with a view to expand its operations in the post-war island nation.

For the uninitiated, the group has three properties in Sri Lanka. Five-star hotels in Colombo and Bentota and the portfolio even includes a four star hotel in Seeduwa which is situated near the International Airport.

The Indian Hotels Company Ltd (IHCL) has launched its new brand on Tuesday. It has announced its new division named 'Vivanta by Taj'. The Indian Hotels Company Ltd (IHCL) comes under the flagship of the Tata group.

It has been the hospitality segment of the company which holds brands like Taj in the country. Now 'Vivanta by Taj' has been included in the segment which is going to be counted in the list of luxurious hotels in India.

Stock market analyst Shardul Kulkarni of Angel Broking has maintained 'buy' rating on Indian Hotel Company Ltd stock with one-week target of Rs 114.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 103.

The stock of the company, on Sep 03, closed at Rs 106.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 65.60 on BSE.

Current EPS & P/E ratio stood at 1.82 and 58.83 respectively.

Stock market analyst Krunal Dayma has maintained 'buy' rating on Hotel Leela Venture Ltd stock to a target of Rs 61.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 52.

The stock of the company, on Sep 03, closed at Rs 55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 55.25 and a low of Rs 33.30 on BSE.

Current EPS & P/E ratio stood at 1.30 and 43.76 respectively.