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By Author
Published on February 2, 2024
In a significant development in the Indian hospitality sector, Shri Ram Multicom has disclosed its plans to acquire Sarga Hotels, as per a resolution approved by the Kolkata bench of the National Company Law Tribunal (NCLAT). This move marks a pivotal point in the company's expansion strategy within the industry.
The acquisition, valued at Rs3.01 billion ($36.20 million), is being facilitated under the framework of the Insolvency and Bankruptcy Code (IBC). The resolution plan has garnered the support of the creditors, who have claims amounting to Rs 8.16 billion ($98.16 million) against Sarga Hotels.
Shri Ram Multicom has a proven track record in the development of Fairfield Hotel and has substantial experience in managing malls and hotels in Jharkhand. The acquisition of Sarga Hotels is expected to bolster the company's presence in the hospitality sector.
Key stakeholders including creditors Rare ARC and JC Flowers Asset Reconstruction Company have expressed their support for Shri Ram Multicom’s resolution plan, indicating a positive reception from the financial sector.
Sarga Hotels, a wholly-owned subsidiary of Shristi Infrastructure Development Corporation, is currently under the ownership of the Kanoria family, who are also known for their management of SREI Infrastructure Finance and Srei Equipment Finance. These companies were previously acquired through the IBC process by the National Asset Reconstruction Company, backed by the government.
The corporate journey of Sarga Hotels has witnessed significant developments. The company entered corporate insolvency in August 2020 and successfully exited the process a year later, following the NCLAT's decision to overturn the initial admission order. Shri Ram Multicom initiated its second admission for the acquisition in February 2022.
Sarga Hotels' key property, The Westin Kolkata Rajarhat, is situated in the New Town area in Kolkata. The hotel is known for its diverse range of accommodations and dining options, including a rooftop bar and the Seasonal Tastes restaurant. It also boasts an event space of 1,225 square meters capable of accommodating up to 1,300 guests. Additional amenities include a fitness center, outdoor pool, spa, gift shop, and complimentary Wi-Fi.
This acquisition by Shri Ram Multicom is set to bring new dynamics to the hospitality landscape, with expectations of enhanced service quality and operational efficiency at Sarga Hotels.
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By Manu Vardhan Kannan
Published on July 7, 2026
Le Méridien Ahmedabad has completed one year since its transformation from Courtyard by Marriott Ahmedabad, marking a year of offering guests culturally inspired hospitality experiences rooted in creativity, design and discovery.
Following its rebranding last year, the hotel introduced Le Méridien's signature approach to hospitality, combining mid-century modern design with a European-inspired philosophy of savouring life's meaningful moments. Located in Ahmedabad, a city known for its architectural heritage, vibrant textiles and evolving culinary scene, the hotel continues to create experiences that connect guests with the city's rich cultural identity.
The property offers a range of thoughtfully curated experiences across its dining and social spaces. Java+, the brand's signature café, serves as a contemporary venue for coffee, conversations and casual gatherings. Drift provides a refined setting for private celebrations and intimate family occasions with bespoke dining experiences and city skyline views, while Bayleaf showcases the flavours of Awadhi cuisine through traditional recipes inspired by regional culinary heritage.
Le Méridien Ahmedabad also continues to enhance guest experiences through wellness offerings, contemporary social spaces and immersive programmes designed to encourage meaningful engagement with Ahmedabad's cultural and culinary landscape.
Signature brand experiences, including La Vie and destination-inspired programmes centred around culture, cuisine and creativity, remain key elements of the hotel's guest experience, reflecting Le Méridien's philosophy of helping travellers discover destinations in a deeper and more meaningful way.
Commenting on the milestone, Prashant Chadha, General Manager, Le Méridien Ahmedabad, said, "Le Méridien has always been a brand rooted in culture, creativity and discovery. Over the last year, our focus at Le Méridien Ahmedabad has been on thoughtfully bringing that philosophy to the city through experiences that feel immersive, contemporary and connected to Ahmedabad's rich cultural identity."
He further added, "The transition to Le Méridien Ahmedabad gave us the opportunity to evolve the guest experience while continuing to build on the strong legacy the property has enjoyed over the years. From coffee culture programmes and destination dining concepts to wellness-led offerings and curated experiences, the focus has been on creating moments that encourage guests to pause, connect and savour the good life."
As it enters its second year, Le Méridien Ahmedabad continues to strengthen its position as a contemporary hospitality destination where culture, creativity and connection come together to offer guests memorable stays in one of India's most vibrant cities.
By Hariharan U
Novotel Hyderabad Airport is set to bring the flavours of France to the city with a special Bastille Day celebration on 14 July 2026 at its signature restaurant, Food Exchange. The evening will be dedicated to showcasing France’s culinary heritage through a thoughtfully curated dining experience.
Designed to reflect the charm of Parisian bistros and the warmth of French countryside cooking, the celebration will feature an extensive selection of artisanal cheeses including Brie, Camembert, Roquefort and Comté, served with traditional accompaniments such as cornichons, Dijon mustard, olives and freshly baked baguettes.
Guests can begin their culinary journey with classic French hors d’oeuvres like Gougères, Salmon Rillettes on Crostini, Pâté de Campagne and Olive Tapenade, setting the tone for an authentic and elegant dining experience.
The menu continues with iconic French dishes such as French Onion Soup, Coq au Vin, Crème Brûlée and Tarte Tatin, each crafted to highlight the depth and richness of traditional French cuisine. The experience is designed to balance comfort and sophistication, offering guests a true taste of France.
No Bastille Day celebration would be complete without desserts, and the evening will conclude with a lavish pâtisserie spread featuring Éclairs, Profiteroles, Madeleines, Crêpes Suzette and Mousse au Chocolat, alongside classic favourites like Tarte Tatin.
Speaking through the concept of the evening, the hotel aims to transport guests into the heart of France through flavours that celebrate both tradition and craftsmanship.
The Bastille Day dinner will take place at Food Exchange, Novotel Hyderabad Airport, from 7:00 PM to 11:00 PM,
Published on July 6, 2026
Treat Hotels has announced the signing of Treat Hotels, Vrindavan, further strengthening its presence in North India with a new hospitality project in one of the country's most significant spiritual destinations.
Located close to Vrindavan's revered temples, the upcoming hotel is being developed to offer contemporary comfort while reflecting the city's cultural and spiritual heritage. The property is scheduled to open in 2027.
The hotel will feature 72 thoughtfully designed guest rooms, a multi-cuisine vegetarian restaurant, a rooftop swimming pool, and a spacious banquet hall designed to host weddings, celebrations, and social gatherings.
According to the company, the signing represents more than a portfolio expansion, as it marks Treat Hotels' entry into a destination closely associated with the life and legacy of Lord Shri Krishna and visited by millions of pilgrims and tourists every year.
The company stated that the project has been planned to complement Vrindavan's spiritual character while providing modern hospitality experiences for both leisure travellers and devotees visiting the holy city.
Treat Hotels also expressed gratitude to its development partners for their confidence in the brand and said it looks forward to welcoming guests when the property opens in 2027.
The signing forms part of Treat Hotels' broader expansion strategy as the company continues to grow its footprint across key leisure, pilgrimage, and business destinations in India.
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