IHC acquires ELEL Hotels: New Delhi-based The Indian Hotels Co. (IHC) has signed a binding agreement for the acquisition of the balance 14.28% equity interest in ELEL Hotels and Investments Ltd. (based in Mumbai) from the Nanda family, which will make IHCL the sole leasehold owner of the Sea Rock hotel site in Mumbai by December 31, 2021.
Starhotels names new managing director: Florence, Italy-based Starhotels appointed Francesco Brunetti managing director. Brunetti will work alongside the company’s president and CEO Elisabetta Fabri. Prior to joining Starhotels, Brunetti held numerous senior management positions in international hotel chains including Hilton, ITT Sheraton, CIGA and Starwood, overseeing the merger of the latter with Marriott International.