Expansion▲ Bullish for Indian equities
UP hotel investment pipeline tops ₹44,250 crore amid tourism boom
The brief
- UP's hotel investment pipeline tops ₹44,250 crore amid rising tourist inflows
- Projects are planned in Varanasi, Ayodhya, Lucknow and other cities
- Hotel development may benefit Indian hotel operators and tourism-related companies
- Fleur to deploy $1 bn as Lemon Tree splits ownership, management businesses
- Lemon Tree targets 9,000-room Fleur portfolio before listing, sees demerger unlocking value
- Prestige Estates raises ₹3,000 crore from CPPIB for hospitality arm
- CPP Investments buys 27% of Prestige’s hospitality arm for ₹3,000 crore
- Equity capital inflow in real estate, data centre, hotel assets doubles to USD 9.5 bn in Jul-Sep: CBRE