Mumbai: In a judgement that might clear the way for the land development in Tulip Star property, the Bombay High Court has set aside an arbitration award which had held that the agreement between Siddhivinayak Realties and V Hotels stood terminated. Siddhivinayak Realties is a joint venture between Oberoi Realty and DB Realty founders Shahid Balwa and Vinod Goenka, while V Hotels is currently the owners of the Tulip Star property, formerly known as Centaur Hotel, in suburban Juhu.
The court was of the view that the arbitration award was contrary to the contract agreed between the parties and deserved to be set aside. In 2005, Siddhivinayak Realties had agreed to purchase the hotel from Ajit Kerkar and the Tulip Group (V Hotels) for around Rs 300 crore and had paid Rs 73 crore to Tulip along with Rs 2 crore in an escrow account. However, V Hotels later decided against going ahead with the deal for some reasons but Siddhivinayak was keen to complete the transaction. Following the differences between the two parties, the matter was referred to an arbitrator.
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12:31 AM, May 14, 2013
Mumbai: Around 20,000 hotels, restaurants, licenced tea and snacks outlets as well as ubiquitous vada-paav stalls in Mumbai go on strike to protest the new service tax (ST). "In Mumbai, around 18,000-20,000 hotels and restaurants have expressed solidarity with the move to protest the new ST on fully or partly airconditioned eating houses," Indian Hotels and Restaurants Association (AHAR) general secretary Shashikant Shetty said. Monday's action is part of an...
10:55 AM, Apr 29, 2013
New York: Indian-American hotelier Vikram Chatwal, arrested earlier this week at a Florida airport for allegedly carrying drugs, has been released on bond. According to the TMZ website, the city-based millionaire hotel owner was arrested on April 2 at the Fort Lauderdale/Hollywood International Airport after Transportation Security Administration (TSA) officials found drugs hidden in Chatwal's luggage as he was about to board the flight. A spokeswoman at the Broward Sheriff's...
09:20 AM, Apr 05, 2013
Once you fire up the QR code scanner in your smartphone, this hotel room reveals its erotic side. ...
12:56 PM, Feb 07, 2013
Visitors to London have marked its hotels as the worst in a list of 100 cities due to overpriced minibars, lousy breakfasts and slow service, according to a survey released on Friday. ...
04:27 AM, Jan 26, 2013
The next time you spend a holiday at a hotel, do not order food in bed. A new study says a bathroom is actually the most hygienic place to eat in most hotel rooms. ...
09:50 PM, Jan 16, 2013
Authorities in Mumbai are playing party pooper ahead of the new year's eve. They have come up with a list of new regulations that will make partying costlier. ...
09:54 AM, Dec 26, 2012
Paris Hilton told CNN-IBN that she had always wanted to be a businesswoman and build her own brand. ...
07:14 PM, Dec 04, 2012
Paris Hilton is on her second trip to India. CNN-IBN got the Hilton heiress talking about being a businesswoman and being born with a golden spoon. ...
05:42 PM, Dec 03, 2012
New Delhi: Orient-Express Hotels Ltd rejected a $1.2 billion takeover offer from Indian Hotels Co Ltd as too cheap and appointed a new chief executive, saying that it was confident of its prospects as an independent company. The hotel and restaurant owner, whose properties include the Hotel Cipriani in Venice and the '21' Club in New York, has a history of rebuffing takeover approaches. Its shares closed down 11 per...
07:21 AM, Nov 09, 2012
Mumbai: Ratan Tata is not easing gently towards retirement. Two months before he relinquishes the reins at India's largest business house, the Tata Group's Indian Hotels Co Ltd has made an unsolicited and unexpected $1.2 billion bid for luxury hotel group Orient-Express Hotels Ltd. The offer, priced at a 40 per cent premium, may prove the final bold move for Tata, who has built the software-to-steel conglomerate into the country's...
01:31 AM, Oct 20, 2012
Thiruvananthapuram: The Kerala High Court has ruled that no liquor will be sold before 5 pm in bars and hotels, in other words make drinking before that time a crime. The court says that the prohibition of liquor during working hours is necessary as it leads to alcoholism and affects work. But it has clarified that only the government can take a final decision after conducting a detailed examination of...
02:03 PM, Sep 28, 2012
Chennai: There is a glimmer of hope for power authorities in Tamil Nadu after the Cabinet approved a bailout package for the sector on Monday evening. From a 2,000 mega watt crunch a year ago, the state now suffers a deficit of almost 4,000 mega watt. The electricity crunch in Tamil Nadu that hit homes and industries has now hit the hospitality sector. Hotels and restaurants have been asked to...
10:14 AM, Sep 25, 2012
Thiruvananthapuram: The State Government on Tuesday decided to move the Supreme Court against the Division Bench of the Kerala High Court quashing the amendments brought to the Kerala Foreign Liquor Rules under the Kerala Abkari Act, deleting three-star hotels from the category entitled to bar licence, for retail sale of liquor in the hotels. The decision was taken at a meeting presided over by Chief Minister Oommen Chandy. It has...
01:07 PM, Aug 01, 2012
Kochi: In a setback to the states attempts to restrict bar licences, the Kerala High Court on Friday quashed the amendments brought to the Kerala foreign liquor rules under the Kerala Abkari Act deleting three-star hotels from the category entitled for bar licence for retail sale of liquor in the hotels. With this, three-star hotels can also have bar licences. The court also struck down the distance norm which prohibited...
12:49 PM, Jul 28, 2012
Chennai: Tamil Nadu government has allowed five star hotels in Chennai and Tiruchirappally to serve liquor round the clock while extending the benefit to similar establishments in Madurai and Coimbatore provided they paid two times of the privilege fee. "Provided further that the hours of business for five star hotels in Chennai and Tiruchirappally, where the International Civil Airports are situated and the five star hotels in the cities of...
04:01 AM, Jul 06, 2012
Chennai: In a move that will supplement the income to the state exchequer, the government has passed an order that will allow five-star hotels in Chennai, Tiruchy, Coimbatore and Madurai to keep their bars open round the clock. According to an order passed through the Home, Prohibition and Excise department last week, hotels that have a five-star rating in Chennai and Tiruchy can keep their bars open as long as...
12:15 PM, Jul 05, 2012
Bangalore: Orbitz Worldwide Inc has found that people who use Apple Inc's Mac computers spend as much as 30 per cent more per night on hotels, so the online travel agency is starting to show them different, and sometimes costlier, travel options than Windows visitors see, the Wall Street Journal reported on Monday. Orbitz executives said the online travel agency is experimenting with showing different hotel offers to Mac and...
10:13 AM, Jun 26, 2012
Srinagar: Three hotels located in a high-security zone in Srinagar have come under the scrutiny. CNN-IBN has accessed the documents that show a gross violation of green norms. The hotels are hazard not just for the environment but for VVIPs like Chief Minister Omar Abdullah who live in the area. The documents with CNN-IBN reveal that the caretaker Lakes Authority had approved the construction despite caveats by both the urban...
07:01 AM, Apr 29, 2012
New Delhi: Something is cooking in the country's largest paramilitary force CRPF! The proverb amply suits the about 2.5-lakh personnel force as more than 12,000 cooks in the forces' 200 battalions will be sent to train under the chefs of five-star hotels run by the India Tourism Development Corporation (ITDC) to learn to prepare delicious and nutritious food for the jawans and officers of the paramilitary. An exclusive training centre--School...
01:24 PM, Apr 11, 2012
