Page 7 - Indian Hotels
Global foray became a drag on IHCL's financials
With recurring losses in the US, aborted China plans and the inability to take Vivanta by Taj and Gateway brands global, IHCL struggled to keep pace with other successful Tata firms
 "Global foray became a drag on IHCL's financials")
Delhi HC upholds Taj Mansingh auction
The dispute between Indian Hotels and NDMC relates to a 1976 collaboration agreement between the parties
Indian Hotels, Tata Sons dismiss Rakesh Sarna's exit speculation
IHCL is one of the Tata group companies, which Mistry in his letter to Tata Sons board members flagged as 'legacy hotspots'
 "Indian Hotels, Tata Sons dismiss Rakesh Sarna's exit speculation")
Taj doesn't have automatic right of renewal: NDMC
Says Indian Hotels has made enough profit on Mansingh property
 "Taj doesn't have automatic right of renewal: NDMC")
Indian Hotels against Taj Mansingh auction order
The present dispute arises out of a decision by NDMC to auction Taj Mansingh to the highest bidder
Indian Hotels challenges HC court order on Taj Mansingh auction
The court had declined the company's plea for renewal of licence
Indian Hotels stock unfazed by auction order for Taj Mansingh
Company was seeking a renewal of licence on grounds of the equity investment it had made in the property
Indian Hotels CFO quits 4 days after reappointment
The Taj Group has seen senior-level exits in the past 1-2 years
 "Indian Hotels CFO quits 4 days after reappointment")
Indian Hotels' loss widens to Rs 9 cr
The company had posted a net loss of Rs 4.8 cr in the same quarter previous financial year, Indian Hotels said
 "Indian Hotels' loss widens to Rs 9 cr")
Indian Hotels to gain from premium segment demand
Despite re-rating, steam still left as price targets are Rs 160-200
 "Indian Hotels to gain from premium segment demand")
Indian Hotels sells Taj Boston for $125 mn
Net sale proceeds will be utilised to retire outstanding debt; Taj Boston's total revenue in 2015-16 dipped 1.15%
 "Indian Hotels sells Taj Boston for $125 mn")
Hotels opt for mixed use land development
Escalating land costs make this inevitable, to lessen risk and get financing
 "Hotels opt for mixed use land development")
Tatas exit Belmond nearly, with another loss
Sells 5.1% stake at $9.57 a share on average; it paid $35 a share to buy into Belmond 7 years ago; now it holds 0.44%
 "Tatas exit Belmond nearly, with another loss")
Make room for Indian Hotels in your portfolio
Favourable sector dynamics and deleveraging moves signal further upside from current levels
 "Make room for Indian Hotels in your portfolio")
Indian Hotels to focus on key Indian cities, GCC, SE Asia for expansion
On Wednesday, the company announced the plan to sell its Taj Boston hotel for a base price of $125 million
Indian Hotels to check out of Taj Boston to pare debt
Net loss before tax for the Boston-based property has widened to $7.3 mn in 2015-16 as against $6.7 mn in 2014-15
Indian Hotels to sell Taj Boston for not below $125 mn
Net loss before tax for Boston-based property has widened to $7.3 mn in 2015-16 as against $6.7 mn in 2014-15
 "Indian Hotels to sell Taj Boston for not below $125 mn")
Indian Hotels reboots by going asset-light
The Tata Sons-promoted hotel chain has exited six properties, liquidated shares in Belmond and decided to run hotels on management contract
Indian Hotels sells stake in Belmond at loss
At an average of $9.4 a share, firm is taking a massive hair cut compared to $35 it paid to buy the shares 6-7 years ago
 "Indian Hotels sells stake in Belmond at loss")
