News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Saturday, March 28, 2015 10:45:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 12121 Times
Nepal's CG Corp invests Rs. 50 cr in Concept Hospitality.
Nepal's CG Corp Global has invested Rs. 50 crore in Indian hotel management company Concept Hospitality.

According to the partnership agreement, the Indian company will manage all hotels under the umbrella of CG Hotels and Resorts.

"With this, together we now have 88 hotels under 8 brands - The Zinc, The Fern, Zinc Journey, The Fern Residency, Glow, Zinc City, Beacon, Zinc Living - and want to reach 200 hotels by 2020,"said Binod Chaudhary, Chairman of CG Corp Global.

The company is yet to finalise the details and structure of the joint venture, Param Kannampilly, Managing Director, Concept Hospitality, said. "The venture will look to build hotels in Africa, Nepal, Sri Lanka and Bangladesh. In India, hotels would come up mostly in north-eastern states and district headquarters of Maharashtra, apart from Chennai and Madhya Pradesh."

The deal comes as Kannampilly's current PE partner is exiting the business.

HBL

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
Leela to open 4 hotels in Nepal.
RELATED PROJECTS & TENDERS

Projects

... More projects

Tenders

Click here to view Tenders Database
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback