Stock Picking - Art Or Science

If there is one Legal way to Become Rich early, it is by Investing in Stocks and Real Estate. In this Blog you will not see general news which are available at numerous sites, instead u will get filtered news and opinions which matter. Many a times some small but important news were overlooked because of simultaneous big event, I try to put all those news in my Blog. The Home Page shows posts of only last 10 days. To see all the posts click on the month in the Archive section.

Thursday, February 23, 2006

ITC - Fortune Awaits You

ITC - Fortune chain flags off new hotel

ITC Ltd opened its Fortune Murali property at Vijaywada with with an eye of the conference market. A part of the Fortune Park Hotels chain, it opened on February 8 as the chain's sixteenth operating property. Fortune Park Hotels is a wholly owned subsidiary of ITC Limited and offers accommodation for the mid-price segment of business travelers.

Built almost 17 years ago by a Dubai based company, Fortune Murali Park is owned by Kandhari Hotels, whose managing director, M Murali Krishna, undertook to totally renovate the earlier hotel. The new look includes the re-cladding of the exterior walls and full refurbishment of the interiors. Built on a 1-acre plot, Fortune Murali Park is located on MG Road with 70 rooms including 44 standard and 18 club rooms, six junior suites, an executive suite and a presidential suite. It has two restaurants, a bar and lounge. The hotel aims to be a major conference venue and features five banquet halls and seminar rooms to accommodate upto 1000 guests as also a board room for presentations. Mandeep S Lamba, president of Fortune Park, said the Fortune Murali Park at Vijaywada gave the chain a substantial presence in the south and in Andhra Pradesh. Other properties in the south included Fortune Katriya at Hyderabad, Fortune Kences at Tirupati, the South Park at Tiruvananthapuram and Fortune Calicut at Kozikode.

The chain aimed to have 50 properties by 2010 including another hotel in Cochin.

-Business Standard

0 Comments:

DISCLAIMER

This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.

The information contained herein is from publicly available data or other sources believed to be reliable. While I would endeavour to update the information herein on reasonable basis, I am under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent me from doing so. I do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. I do not undertake to advise you as to any change of my views. I may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject me to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. I may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. I may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall I or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind.