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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..