

Country Club Plans USD 100 Mn Fundraise for Leisure Properties
Country Club Hospitality and Holidays Ltd (CCHHL) has announced plans to raise USD 100 million to expand its portfolio of premium leisure properties in India. The funds will be raised through Global Depository Receipts (GDR) or Foreign Currency Convertible Bonds (FCCB), Chairman and Managing Director Y Rajeev Reddy said.The capital will be used to set up new clubs and resorts across the country. CCHHL, headquartered in Hyderabad, currently owns and manages 30 properties, while another 30 are operated under franchise agreements.The company recently became debt-free after repaying Rs 600 crore i..

Radisson Hotel Group Eyes Expansion in East India
Radisson Hotel Group, which operates over 200 hotels in India, is planning to expand further into eastern India, with Bihar identified as a new growth market.Speaking at a tourism and hospitality conference organised by FHRAI in Bengaluru, K B Kachru, Chairman of South Asia operations, said the group was focused on balancing its portfolio across metros and tier 2–3 cities. Nearly 50% of its current properties are already in smaller cities.He also called for conserving historic buildings by converting them into heritage hotels rather than replacing them with modern structures. The approach, h..

GRSE to Build Four Hybrid Multi-Purpose Vessels for German Firm
Garden Reach Shipbuilders and Engineers (GRSE), a defence public sector undertaking, has signed a contract with Germany’s Carsten Rehder Schiffsmakler und Reederei GmbH & Co. KG for four Hybrid Multi-Purpose Vessels (MPVs) worth USD 62.44 million (approx. Rs 520 crore).The vessels, measuring 120 metres in length and 17 metres in width, will feature hybrid battery-assisted propulsion, enhanced fuel efficiency, and flexible cargo handling. With capacity to carry 7,500 metric tonnes, they are designed to transport bulk, general, project cargo and even multiple windmill blades on deck—serv..