Bidding Begins: Centaur Lake View Hotel, Srinagar's Jewel, Open for Investment

Bidding Begins: Centaur Lake View Hotel, Srinagar's Jewel, Open for Investment

By Author

Published on January 9, 2024

In a move that highlights the dynamic growth of tourism in Jammu and Kashmir, the Jammu and Kashmir Tourism Development Corporation (JKTDC) has initiated a significant development. They have opened the bidding process for the iconic Centaur Lake View Hotel in Srinagar, a property renowned for its stunning location on the banks of the beautiful Dal Lake.

Since its inception in 1982, the Centaur Lake View Hotel has not just been a destination but a symbol of Kashmir's hospitality. With an estimated development cost of Rs2.12bn ($26m), the hotel is set for an impressive transformation.

This transformation is proposed to be carried out under a public-private partnership (PPP) model, focusing on design, build, finance, operate, and transfer (DBFOT) basis. This approach aims to blend the hotel's historical charm with modern luxury and efficiency.

For this venture, the JKTDC has employed an innovative online single-stage three-part e-forward auction method for the bidding process, inviting national and international players to contribute to this prestigious project.

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The Centaur Lake View Hotel has always been more than a mere accommodation option. It stands as a significant draw for tourists visiting the region and has historically been a preferred choice for official state delegations. Its strategic location and scenic beauty add to its appeal, making it a key feature in Srinagar's tourism landscape.

The bidding process is a crucial part of J&K's broader strategy to revitalise its tourism sector. This initiative began with the government's move to take over the hotel from the Hotel Corporation of India in 2022. The decision to invite bids for the hotel is a testament to the government's commitment to enhancing the region's tourism appeal.

The bidding process has specific deadlines, with proposals due by January 29 and the final bid date scheduled for February 28. This initiative represents a significant step in the redevelopment of Srinagar's hospitality sector and is expected to attract interest from various quarters.

As this iconic hotel enters a new phase of development, it's not just an opportunity for investors but a moment of transformation for Srinagar's tourism industry. The Centaur Lake View Hotel is set to become a modern emblem of Kashmir's enduring beauty and hospitality, enhancing the experience for visitors and contributing to the region's economic growth.


Courtyard by Marriott Pune Chakan Celebrates 11 Years of Success

Courtyard by Marriott Pune Chakan Celebrates 11 Years of Success

By Nithyakala Neelakandan

Published on September 3, 2024

Courtyard by Marriott Pune Chakan recently celebrated their 11th anniversary, marking over a decade of success and dedication to service. The hotel hosted a special event in September 2024 to commemorate this milestone, bringing together key partners and guests who have been instrumental in their journey.

The celebration was a reflection of the collaborative efforts that have driven the hotel’s success over the years. Guests enjoyed a relaxing evening filled with gourmet cuisine, live entertainment, and moments of recognition for the contributions that have shaped the hotel's growth and reputation.

As Courtyard by Marriott Pune Chakan looks ahead, the hotel remains committed to excellence and innovation in hospitality. This anniversary not only honors past achievements but also sets the stage for continued success in the future.

The hotel extends its gratitude to all who have been part of their journey and looks forward to many more years of partnership and growth.


The Machan Embarks on Significant Expansion, Set to Launch Five New Hotels

The Machan Embarks on Significant Expansion, Set to Launch Five New Hotels

By Nishang Narayan

Published on August 31, 2024

As The Machan celebrates thirty years of excellence in the hospitality industry, the renowned resort chain is set to embark on an exciting expansion plan. By 2025, The Machan will introduce five new properties in strategic locations across India, including Jaisalmer, Udaipur, and Jawai in Rajasthan, as well as Mulshi and Pawna near Lonavala in Maharashtra. These new destinations promise to deliver The Machan’s signature blend of luxury, sustainability, and immersive nature-focused experiences.

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Rakshit Sharma, COO of The Machan, shared insights into the expansion, highlighting the unique appeal of Rajasthan and Maharashtra as premier destinations for weddings, MICE (Meetings, Incentives, Conferences, and Exhibitions), and leisure travel. "We are diligently developing both operational and marketing strategies to ensure the successful and timely launch of our upcoming properties in these locations. Our commitment to sustainability will further enhance the traveler's experience, providing an immersive and enriching journey that celebrates India's natural heritage," he said.

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Girish Menon, Head of Business Development, emphasized the importance of the Indian market for The Machan's growth strategy. "India represents a significant market for both business and leisure travelers, and establishing a strong presence here is a key objective for us. Our goal is to double our footprint by 2025, expanding our presence across Tier I, Tier II, and Tier III cities," he stated.

The Machan Resorts LLP's expansion underscores its dedication to redefining experiential hospitality in western and northern India. Each new property is designed with a focus on comfort, sustainability, and providing guests with a deep connection to nature. This expansion is not just about increasing their footprint but also about introducing fresh ideas and innovative concepts that enhance the guest experience while staying true to their core values of environmental responsibility and community engagement.

For more details on The Machan’s expansion and updates, visit www.themachan.com and follow @machanresorts on Instagram.


Galaxy Magnum Group Unveils The Boulevard: Gurugram’s Premier Culinary Destination

Galaxy Magnum Group Unveils The Boulevard: Gurugram’s Premier Culinary Destination

By Nishang Narayan

Published on August 21, 2024

Galaxy Magnum Group, a leader in innovative real estate development, is set to transform Gurugram’s dining landscape with the upcoming launch of The Boulevard. This vibrant new venue promises to be the city’s premier culinary destination, featuring a curated selection of ten extraordinary restaurants, cafes, and bars, including establishments led by celebrity chefs Vicky Ratnani and Kunal Kapur.

The Boulevard is designed to cater to the refined tastes of Gurugram’s food lovers, offering a diverse range of culinary experiences. From contemporary Indian dishes to lively European flavors, and from artisanal coffee to handcrafted cocktails, this dynamic venue transitions effortlessly from a relaxed daytime retreat to a bustling nightlife hotspot, perfect for any occasion.

“Gurugram has been craving a space that offers a diverse yet refined culinary experience,” said Pranav Poddar, Founder of The Boulevard and Director of Galaxy Magnum Group. “The Boulevard is our answer to that desire. With the invaluable support of Mr. Amanpreet Banga, F&B Leasing Consultant, we have created a destination that not only satisfies the taste buds but also elevates the overall recreational experience. It’s a place where people can come together, socialize, and indulge in the best that the culinary world has to offer.”

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In keeping with their commitment to innovation and excellence, The Boulevard will continuously evolve its offerings, introducing seasonal menus, unique dining concepts, and cutting-edge technology for enhanced customer engagement. Strategically located in the bustling Golf Course Extension area, The Boulevard is poised to become the epicenter of Gurugram’s culinary scene. This vibrant neighborhood, known for its mix of commercial and residential spaces, provides the ideal backdrop for a destination that promises to captivate food enthusiasts and redefine the city’s dining landscape with its exceptional ambiance, cuisine, and service.

About The Boulevard by Galaxy Magnum Group

The Boulevard at Magnum Global Park is not just an address; it’s a signature landmark meticulously designed to be a unique destination for food and beverage culture in Gurugram. With a focus on creating a space that celebrates life through a blend of fun, food, and recreation, The Boulevard is set to become a standout destination in Gurugram’s social scene. Whether it's the grand entrance, landscaped outdoors, cozy sit-outs, or alfresco areas, every aspect of The Boulevard is crafted to delight the senses.

About Galaxy Magnum Group

Galaxy Magnum Group is a pioneering force in modern real estate, dedicated to crafting groundbreaking projects that embody international standards and superior craftsmanship. With a strong focus on innovation, sustainability, and customer satisfaction, Galaxy Magnum consistently delivers value to all stakeholders. The group’s commitment to eco-friendly practices and responsible business ensures a positive impact on both the environment and the communities they serve.

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