Hotel Executives Eye Vacant Offices

07 Jun 2024 CW Team

Hotel executives are turning their attention to vacant office buildings as a solution to the growing demand for accommodation space. With the hotel industry poised for recovery post-pandemic, the shortage of available hotel properties is prompting innovative strategies. By repurposing empty office spaces, hoteliers can swiftly meet the rising demand for lodging while capitalizing on prime locations in urban areas.

This shift reflects a strategic move within the hospitality sector to adapt to changing consumer preferences and market dynamics. With remote work becoming more prevalent, traditional office spaces are seeing decreased occupancy rates, creating an opportunity for repurposing. Hotel executives are recognising the potential of these underutilized assets and are actively exploring conversion projects to expand their footprint.

The trend towards converting office buildings into hotels aligns with broader trends in urban redevelopment and adaptive reuse. By breathing new life into disused properties, hoteliers can contribute to the revitalization of urban landscapes while meeting the evolving needs of travellers and consumers. Moreover, such initiatives offer economic benefits by creating jobs, generating revenue, and enhancing property values in surrounding areas.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..