trending Market Intelligence /marketintelligence/en/news-insights/trending/GezvjybqX8qk17ufU4xIyg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

CG Hotels & Resorts plans US$800M funds, looks to double portfolio

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


CG Hotels & Resorts plans US$800M funds, looks to double portfolio

Nepalese Chaudhary Group's CG Hotels & Resorts is planning to double the size of its hospitality portfolio with the establishment of three funds totaling US$800 million, Livemint reported.

The publication cited executive director Rahul Chaudhary as saying that the three funds will focus on acquiring distressed properties in India, south Asia and Europe, with respective investments of about US$200 million, US$300 million and US$250 million. The director added that the funds will have a life cycle of five to seven years and the company will be general partner with its 20% equity contribution, with the remaining equity to be raised from institutional investors, private equity companies and wealth individuals.

CG Hotels has already tapped Singapore's SafeGuard Real Estate Management Pte. Ltd. to be its partner for its planned European-focused fund, which will make its investment primarily in Spain and Italy, the report noted.

A fourth fund is also on the company's plans, as it intends to further its expansion initiative in the Middle Eastern and African regions.

On the expansion front, Chaudhary Group Chairman Binod Chaudhary told the news outlet that the company wants to develop more hotel properties under the Taj Safari brand and focus its hospitality business on luxury and experience. The executive said the group is looking at hospitality to drive the company's growth, accounting for 20% of its revenue in the next five years.