NCLT Approves Macrotech Developers' Acquisition of V Hotels in Mumbai

NCLT Approves Macrotech Developers' Acquisition of V Hotels in Mumbai

By Nishang Narayan

Published on May 3, 2024

The National Company Law Tribunal (NCLT) has given the green light for Macrotech Developers, owned by Lodha Group, to acquire the assets of V Hotels, the company behind the renowned Tulip Star Hotel, formerly known as Centaur Hotel. The property, situated in the affluent Juhu area of Mumbai, was acquired for approximately INR 890 crore.

This approval marks a significant development in the resolution of V Hotels' bankruptcy proceedings, where the hotel entity reported liabilities exceeding INR 2,500 crore. Macrotech's resolution plan, favored unanimously by financial lenders in June 2023, involves an upfront payment of INR 78 crore to secured financial creditors, with the remainder to be settled in two subsequent payments.

The strategic location of the Tulip Star Hotel, along with its historical significance, made it a highly sought-after asset, attracting bids from major players like Oberoi Realty and K Raheja Corp, among others. According to Ashish Pyasi, partner at Aendri Legal, "The prime location significantly enhanced the property's appeal, drawing considerable interest from potential bidders."

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Located on a 6.1-acre land parcel in Vile Parle, the non-operational hotel includes 367 keys, restaurants, and banquet facilities, with potential for redevelopment into residential, commercial, or retail spaces. Additionally, V Hotels holds ownership of 11 residential apartments in Mumbai's western suburbs.

The insolvency proceedings for Tulip Star Hotels began in 2019, underwent various legal challenges, and saw significant developments, including a Supreme Court decision in August 2022 that ultimately reinstated the NCLT's resolution process. With 68 claims totaling over INR 9,621 crore filed under this process, the acquisition by Macrotech Developers marks a pivotal resolution in the protracted legal and financial saga surrounding this iconic property.


Sterling Unveils Kadumane Hills Sakleshpur, a Boutique Retreat in the Western Ghats

Sterling Unveils Kadumane Hills Sakleshpur, a Boutique Retreat in the Western Ghats

By Hariharan U

Published on September 29, 2025

Sterling Holiday Resorts has launched Sterling Kadumane Hills Sakleshpur, a boutique resort created as a sanctuary for those looking to unplug, reconnect, and rejuvenate amidst nature. This marks Sterling’s first boutique property in Sakleshpur and the fourth in Karnataka.

Located high on a scenic hill in the Western Ghats, the resort welcomes guests with a signature 4x4 jeep ride that sets the tone for an offbeat adventure. Spread across 14 acres of untouched landscape, the property features handcrafted wooden cottages that open to sweeping views of valleys and forests, blending comfort with the spirit of slow travel.

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At Rasavati, the resort’s dining space, food takes a wellness-first approach with wholesome vegetarian meals and Malnad-inspired specials. Guests can further unwind at the wellness centre, which offers authentic Ayurvedic therapies aimed at holistic healing. For those seeking adventure, options include treks to hidden waterfalls, birdwatching, plantation walks, and a visit to the famed Bisle Ghat viewpoint, often called “India’s Amazon.”

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Speaking about the launch, Vikram Lalvani, MD & CEO, Sterling Holiday Resorts, said, “Sterling Kadumane Hills Sakleshpur is a milestone in our journey to create immersive, boutique resorts that redefine leisure travel. This property is designed as an expansive canvas for discovery—where wellness, slow travel, and mindful living come together.”

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Mr. Raghavendra, Owner, Kadumane Hills Resorts, added, “We are delighted to partner with Sterling, who bring deep expertise and a shared vision for ‘slow travel’ in this region. Together, we aim to create experiences that highlight the culture, cuisine, and natural beauty of Sakleshpur.”

The retreat’s tranquil setting and intimate vibe make it ideal for couples, families, wellness seekers, and offbeat travellers who want more than just rest they return home refreshed and renewed.

Sterling Kadumane Hills Sakleshpur is located 17 km from Sakleshpur town and about 224 km (roughly 5.5 to 6 hours by road) from Bangalore. The nearest airport is Mangalore International Airport, around 3.5 hours away.

With this launch, Sterling reinforces its growing portfolio of resorts across India, offering experiences that range from hill stations and jungles to beaches and heritage towns.


Aloft Bengaluru Whitefield Launches Long Weekend Staycation Offers

Aloft Bengaluru Whitefield Launches Long Weekend Staycation Offers

By Manu Vardhan Kannan

Published on September 27, 2025

Aloft Bengaluru Whitefield is making the upcoming long weekend extra special with an exclusive staycation offer from October 2 to 5, 2025. Designed for relaxation and indulgence, the package combines comfortable stays, hearty meals, wellness benefits, and fun-filled activities for an unforgettable getaway.

The special offer is available on a two-person per night basis at a special price. Guests can enjoy a range of inclusions that make the experience both indulgent and value-packed. The package features a complimentary buffet breakfast, along with a choice of either complimentary lunch or dinner. To add to the comfort, guests will receive a 10% discount on spa services and a 20% discount on food and beverages. Early check-in and late check-out ensure a relaxed schedule throughout the stay.

Additional perks make the stay even more rewarding. Guests are welcomed with refreshing mocktails on arrival and can access the gym and swimming pool free of charge. Evening tea or coffee with snacks, recreational onsite games, and complimentary laundry for two pieces add thoughtful touches to the stay. Members can also earn Marriott Bonvoy reward points as part of the package.

With indulgent meals, wellness options, and leisure activities, this long weekend offer is crafted to refresh and recharge both body and mind. Whether for couples, families, or friends, Aloft Bengaluru Whitefield provides the perfect escape right in the heart of the city.

  •  Period: October 2 – 5, 2025
  •  Reservations: resv.bengaluru@aloftbengaluruwhitefield.com


Radisson Hotel Delhi MG Road Opens in South Delhi, Managed by NILE Hospitality

Radisson Hotel Delhi MG Road Opens in South Delhi, Managed by NILE Hospitality

By Hariharan U

Published on September 26, 2025

Radisson Hotel Delhi MG Road has officially made its debut in South Delhi, introducing a new lifestyle destination that blends convenience with comfort. Located just a short drive from Indira Gandhi International Airport, the hotel offers easy access to shopping districts, cultural landmarks, and entertainment hubs, making it an ideal choice for both leisure and business travelers.

The hotel features 100 contemporary rooms and suites across Standard, Superior, and Suite categories. Guests can enjoy a wide array of amenities, including an all-day dining restaurant, outdoor swimming pool, spa, salon, fitness center, premium lounge, and bar. With more than 29,000 sq. ft. of event space, Radisson Hotel Delhi MG Road also provides versatile indoor and outdoor venues, dedicated lawn entrances, and expansive pre-function areas, positioning itself as a sought-after destination for weddings, celebrations, and corporate events.

Culinary experiences are central to the property, led by Lore, a 120-cover World Cuisine Restaurant with a live kitchen and integrated bar. The hotel also houses Crème, a patisserie and grab-and-go café, complemented by lounges and bars that enhance the dining experience.

Speaking at the launch, Ashish Saxena, General Manager, said, “What sets Radisson Hotel Delhi MG Road apart is its ability to meet both business and social needs in a location that is central yet peaceful. By combining well-designed rooms with flexible event spaces and lifestyle facilities, we aim to add meaningful value to South Delhi’s hospitality offerings and create a destination that feels naturally connected to the city.”

The project is owned by AKM Hotels Private Limited and managed by NILE Hospitality. On the successful opening, Nimish Mehra, Managing Director, AKM Hotels Pvt. Ltd., shared, “This opening represents a defining chapter for us—a project designed to complement Delhi’s energy with warmth, comfort, and thoughtful hospitality. We are proud to create an experience that leaves a lasting impression on guests while strengthening the community we serve.”

Vikram Singh Chauhan, Founder & CEO, NILE Hospitality, added, “We are delighted to announce the opening of Radisson Hotel Delhi MG Road, our fifth Radisson-branded property and our first in the capital city. In AKM, we have found a partner who shares our hospitality vision, and this partnership allows us to strengthen our collaboration with Radisson Hotel Group while delivering a one-of-a-kind hotel to Delhi.”

With its strategic location, expansive event infrastructure, and innovative dining concepts, Radisson Hotel Delhi MG Road is poised to become a preferred destination for travelers, diners, and event planners in the capital.

About NILE Hospitality
Established in 2018, NILE Hospitality is India’s leading hotel management company, operating international and independent brands across the country. With a presence in 15 states, a portfolio of 24 hotels, and over 1,700 keys under management, NILE continues to expand with a strong pipeline of 2,000 additional rooms. Its portfolio includes global brands such as Marriott, Hyatt, Wyndham, Radisson, Accor, and IHG, and it has been recognized with multiple awards for excellence in hotel management and guest experience.

About AKM Mehrasons Group
Founded in 1925, AKM Mehrasons Group is one of Delhi’s most respected names in the jewelry industry. Guided by values of trust and customer-first service across generations, the group has expanded its ventures into hospitality. Its collaboration with Radisson and NILE Hospitality marks a new milestone in creating world-class lifestyle and hospitality experiences while continuing to contribute to India’s growth story.

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