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Hospitality-and-Healthcare Sector News & Updates - May 21, 2024

Biorad Medisys receives Rs 400 crore from KSS India Fund II
Hospitality and Healthcare   -  May 15,2024
Biorad Medisys received a Rs 400-crore investment from Kotak Strategic Situations India Fund II to build a new manufacturing plant, repay debt, and increase working capital. The company, known for med .

SPARSH Hospitals launches new 250-bed facility in Bengaluru
Hospitality and Healthcare   -  May 14,2024
SPARSH Group of Hospitals inaugurates a 250-bed specialty hospital in Yelahanka, Bangalore, with an investment of Rs 250 crore. The facility boasts critical care units, a NICU, cath labs, and advanced .

Lemon Tree Hotels signs a new property in Bareilly, Uttar Pradesh
Hospitality and Healthcare   -  May 14,2024
Lemon Tree Hotels announces a new franchise, Keys Select by Lemon Tree Hotels, in Bareilly, Uttar Pradesh, slated to open in FY25. Bareilly, known for furniture manufacturing and trade, is strategical .

IHCL announces fifth hotel in Indore, with signing of Vivanta property
Hospitality and Healthcare   -  May 08,2024
The Indian Hotels Company (IHCL) signed a 'Vivanta' hotel in Indore, Madhya Pradesh, featuring 180 keys on 2.3 hectares. Positioned near the airport and business district, it offers various .

Paras Healthcare breaks ground for 300-bed hospital in Haryana
Hospitality and Healthcare   -  May 07,2024
Paras Healthcare is expanding its presence with a new 300-bed hospital in Gurugram, Haryana, set to be completed by 2026. This addition will double the city's bed capacity to around 600 beds. Equ .

Sincere Developers plans three uber-luxury hotel projects in UP
Hospitality and Healthcare   -  May 07,2024
Sincere Developers, owners of Taj Hotel & Convention Centre in Agra, Uttar Pradesh, will establish three luxury Taj hotels in Rishikesh, Dharamshala, and Jim Corbett Park within three years. With an i .

Bed capacity to raise in upcoming Damani hospital in Mumbai to 1,000
Hospitality and Healthcare   -  May 03,2024
Union Minister Piyush Goyal met with hospital management in Borivali, Mumbai, deciding to increase total beds from 400 to 1,000 due to rising healthcare needs. The Damani multi-specialty hospital, fun .

IHCL announces signing of a Ginger Hotel in Varanasi
Hospitality and Healthcare   -  May 02,2024
IHCL signs lease for a Ginger-branded hotel in Varanasi, Uttar Pradesh, strategically located at the Lahartara Phulwaria intersection. The 101-key hotel, designed with lean luxe aesthetics, promises a .

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