You have Successfully logged In !
Already have an account? Login
By clicking Register you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Don't have an account?Register
Enter your E-mail address below, We will send the verification code
Please enter the code send to
Didn't receive the email?Click to resend
Your password has been successfully reset!.
Please login again to access your account.
An OTP has been sent to
Enter the 4-digit code
By Author
Published on January 17, 2024
Morguard Corporation, a prominent player in real estate and property management, has struck an unconditional deal to sell a significant portfolio of 14 hotels spread across Canada. This strategic move aligns with Morguard's focus on core sectors such as office, retail, industrial, and multi-suite residential properties.
A Strategic DivestmentThe transaction is expected to rake in gross proceeds of C$410 million ($306.85 million). After repaying a first mortgage debt of C$48.7 million ($36.45 million), the net proceeds for Morguard are estimated to be about C$361.3 million. This sale marks a pivotal shift in Morguard’s asset management strategy.
Diverse Portfolio in Prime LocationsThe portfolio up for sale boasts properties under renowned banners like Hilton, Marriott, and IHG, in addition to independent hotels. These establishments are strategically located in key urban centers, enhancing their appeal and market value. Some of the notable properties include the 144-room Courtyard Marriott Markham, the 144-room Courtyard Marriott Mississauga, and the 115-room Holiday Inn Express in Ottawa.
Morguard Retains Select PropertiesDespite this large-scale divestiture, Morguard is retaining ownership of two properties. These include the dual-branded Hilton Garden Inn and Homewood Suites in Ottawa, Ontario, and the Inn at the Quay in New Westminster, British Columbia. This selective retention underscores Morguard’s nuanced approach to portfolio management.
CEO’s PerspectiveMorguard Corporation CEO and Chairman, K. Rai Sahi, expressed that the timing is opportune for this divestment, given the current market demand and the enhanced market value of these properties. He emphasized that this strategic decision is aimed at reinforcing the company's balance sheet and maintaining a high-quality portfolio of income-producing real estate.
Financial Strategy and Closing ConditionsChief Financial Officer Paul Miatello highlighted the transaction’s role in providing Morguard with heightened financial flexibility. This is especially crucial in the current context of fluctuating interest rates. The completion of this transaction is contingent upon standard closing conditions and is expected to finalize in the first quarter of 2024.
Morguard’s decision to sell its 14-property hotel portfolio represents a significant realignment of its investment focus. By capitalising on the current market dynamics, Morguard is poised to strengthen its financial position and concentrate on its core real estate sectors, ensuring sustainable growth and profitability in the years ahead.
McDonald’s India Brings FIFA World Cup Fever with Limited-Ed...
McDonald’s India – North & East has introduced a limited-edi...
Manglam Group to Invest ₹350 Crore in Sheraton Hotel on Jaip...
Manglam Group, one of Rajasthan's leading real estate develo...
Radisson Hotel Group Calls for a Strategic Shift in Healthca...
Radisson Hotel Group has unveiled a new industry report high...
NoBa Opens in Bengaluru's Kalyan Nagar with a Cocktail-First...
NoBa has officially opened its doors in Kalyan Nagar, Bengal...
By Manu Vardhan Kannan
Published on July 1, 2026
Holiday Inn New Delhi Mayur Vihar Noida is bringing the rich flavours and traditions of Rajasthan to the capital with "Rajwada Rang", a specially curated Rajasthani Food Festival at Café on 3. The festival is being held from June 26 to July 4, 2026, between 7:00 PM and 11:00 PM, offering guests an authentic taste of the royal state's culinary heritage.
To complement the dining experience, Café on 3 has been transformed with traditional Rajasthani décor, colourful accents and cultural elements that recreate the vibrant charm of Rajasthan, giving guests an immersive cultural and culinary experience.
The festival menu has been curated by Executive Chef Ashutosh Bisht in collaboration with Guest Chef Hem Singh Gurjar from Holiday Inn Jaipur City Centre. A native of Rajasthan, Chef Hem brings generations of culinary expertise and deep knowledge of the state's traditional recipes, ensuring guests enjoy authentic flavours and cooking styles.
The culinary journey begins with comforting soups such as Bajre Ki Raab and Mutton Paya Ka Raab, followed by appetisers including Paneer Rajwada, Kadai Ki Seekh, Jaipuri Tangri Kebab and Jaisalmeri Murgh Malai Roll, each prepared using Rajasthan's distinctive spices and techniques.
Guests can then savour a variety of signature main course dishes such as Rajasthani Kadhi, Dal Marwadi, Gatte Ki Curry and the unique Gulab Jamun Ki Sabzi. The non-vegetarian selection features favourites like Laal Maas and Mutton Banjara, while traditional accompaniments including Bajra Ki Roti and Churma complete the meal.
The festival concludes with a selection of classic Rajasthani desserts, including Ghewar Malai, Alwar Ka Milk Cake and Mawa Kachori, offering guests a sweet finish to the royal feast.
Speaking about the festival, Ashutosh Bisht, Executive Chef, Holiday Inn New Delhi Mayur Vihar Noida, said, "Rajwada Rang is an ode to Rajasthan's rich culinary legacy. By partnering with Chef Hem Singh Gurjar, we have curated a menu that stays true to authentic flavors while offering guests a memorable and immersive dining experience. Every dish tells a story of tradition, culture and the royal heritage of Rajasthan."
Adding to this, Shashi Shankar, Food & Beverage Manager, said, "Beyond the food, Rajwada Rang is about recreating the spirit of Rajasthan. From the vibrant décor to the carefully crafted menu, every element has been designed to transport guests to the royal heartland of India and offer them an unforgettable culinary journey."
By Hariharan U
Published on June 30, 2026
Raffles Cambodia’s iconic heritage hotels have secured top honours in the Travel + Leisure Luxury Awards Asia-Pacific 2026, reaffirming their position among the region’s leading luxury hospitality destinations.
Raffles Hotel Le Royal in Phnom Penh was ranked Cambodia’s No. 1 city hotel, while Raffles Grand Hotel d’Angkor in Siem Reap secured the No. 2 position in the same category. Both properties also featured prominently across additional award categories, highlighting their continued excellence in luxury hospitality.
In the “Best Hotel Swimming Pools” category, Raffles Hotel Le Royal ranked No. 2, while Raffles Grand Hotel d’Angkor secured the No. 4 position. The Siem Reap property also earned the No. 4 spot in the “Best Hotel Spas” category. Adding to the accolades, Raffles Hotel Le Royal General Manager Dagmar Lyons was recognised among Cambodia’s best General Managers.
Commenting on the recognition, Dagmar Lyons said the achievement reflects the dedication of the entire team in bringing the heritage spirit of the hotel to life while maintaining Raffles’ signature warm and intuitive service.
Joseph Colina, General Manager of Raffles Grand Hotel d’Angkor, noted that the recognition reinforces the hotel’s role as a historic gateway to Angkor and its commitment to preserving Cambodia’s cultural and hospitality legacy.
The strong performance at the awards follows recent heritage-focused initiatives by Raffles Cambodia, including the launch of the “Grand Path of History” tour and a new publication chronicling the golden age of travel in Southeast Asia. The brand also continues to showcase archival materials and historical artefacts across its properties.
Raffles Hotel Le Royal, originally opened in 1929, is known for its French colonial, Khmer, and Art Deco-inspired design, following a major restoration completed in 2019. Meanwhile, Raffles Grand Hotel d’Angkor, established in 1932, continues to reflect classic French Art Deco architecture blended with Cambodian influences.
Both properties were previously among the select hotels in Cambodia to receive MICHELIN Keys in the inaugural edition of the guide for the country. Raffles Hotel Le Royal was also ranked the No. 2 hotel in Southeast Asia in the Condé Nast Traveler Readers’ Choice Awards 2025.
With continued global recognition, Raffles Cambodia strengthens its position as a custodian of heritage luxury hospitality, blending history, culture, and refined service across its iconic properties.
Published on June 25, 2026
Novotel Cairo Airport commemorated World Oceans Day with its "From the Nile to the Ocean" initiative, a sustainability-focused programme designed to highlight the connection between local environmental responsibility and global marine conservation.
The initiative brought together wellness, education, and responsible dining experiences to encourage greater awareness of the importance of protecting water resources. Through the campaign, the hotel sought to demonstrate how local actions can contribute to broader environmental preservation efforts.
The day began with an outdoor yoga session overlooking the Nile River, creating a reflective and mindful setting for participants. The wellness activity reinforced the campaign's message that meaningful environmental change begins with individual awareness and conscious choices.
Following the yoga session, hotel associates participated in an interactive educational presentation focused on water conservation and ocean safety. The discussion highlighted the role local waterways play in supporting larger marine ecosystems and emphasized the importance of protecting rivers such as the Nile as part of a global sustainability effort.
As part of the celebration, Novotel Cairo Airport's culinary team curated a special menu centred on fresh, local, and responsibly sourced ingredients. Served poolside, the dining experience showcased how sustainable sourcing and conscious food choices can contribute to environmental stewardship while supporting local communities.
By integrating wellness activities, environmental education, and sustainable dining into a single initiative, the hotel aimed to create a holistic experience that encouraged participants to reflect on their relationship with natural resources and the environment.
The programme further reinforces Novotel Cairo Airport's commitment to responsible hospitality and sustainability, while supporting Accor's broader vision of promoting environmentally conscious practices across its global portfolio.
Through initiatives such as "From the Nile to the Ocean," the hotel continues to engage both its team members and guests in conversations around sustainability, inspiring collective action toward the protection of vital water ecosystems and the preservation of the planet's natural resources.
Stay up-to-date with the latest Hospitality news and trends in the Hospitality industry!
Subscribe to Hospitality news e-magazine for free and never miss an issue.
By clicking subscribe for free you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Advertise With Us
We have various options to advertise with us including Events, Advertorials, Banners, Mailers, etc.
A platform dedicated to showcase the skills and creativity of hospitality professionals. Share your articles, videos and other content related to the industry and get recognized for your unique perspective and expertise. By posting your content and gaining likes from your own community, we'll categorize your talents and expose them to the hospitality world. Join our community of passionate hospitality professionals and let your talent shine!.
Already have an account?Login
By clicking you agree to the Terms & Conditions and acknowledge our Privacy Policy.
Subscribe for ₹2,000 and receive our monthly magazine for one year (12 months) from the coming month and save 2 months cost.