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Appointments & Promotions

Former Steigenberger CEO Puneet Chhatwal Named as New CEO for Taj Hotels

MUMBAI, IN. September 7, 2017 - The Indian Hotels Company Limited (IHCL) has announced the appointment of Puneet Chhatwal as the new Chief Executive Officer and Managing Director to drive performance and oversee the next phase of expansion of the hotels group.

Mr. Chhatwal was most recently the Chief Executive Officer and Member of the Executive Board of Steigenberger Hotels AG – Deutsche Hospitality, a leading European hotel chain. He is a global professional with over three decades of leadership experience in the hospitality sector, having worked for some leading hotel groups in Europe and North America after starting his career in India.

Mr N Chandrasekaran, Chairman, IHCL said: “Mr Chhatwal’s extensive experience in the global hospitality sector including his ability to drive performance, turn around assets and build great teams will be very valuable for IHCL as it looks to strengthen and expand its position in the market.”

“IHCL has some of the most iconic hotel properties in India and at key gateway locations across the world. I look forward to working with the talented teams in IHCL and under Mr Chandrasekaran’s leadership of the Tata Group to take this iconic company forward,” said Puneet Chhatwal.

Mr Chhatwal is a graduate of both Delhi University and Institute of Hotel Management, Delhi. He has completed an MBA in hospitality from ESSEC, Paris and an Advanced Management Program from INSEAD.

About Taj Hotels Palaces Resorts Safaris

Established in 1903, Taj Hotels Palaces Resorts Safaris is one of Asia's largest and finest group of hotels, comprising 98 hotels in 61 locations across the globe, including presence in India, North America, United Kingdom, Africa, Middle East, Malaysia, Sri Lanka, Maldives, Bhutan and Nepal. From world-renowned landmarks to modern business hotels, idyllic beach resorts to authentic Grand Palaces, each Taj hotel offers an unrivalled fusion of warm Indian hospitality, world-class service and modern luxury. For over a century, The Taj Mahal Palace, Mumbai, the iconic flagship has set a benchmark for fine living with exquisite refinement, inventiveness and warmth. Taj Hotels Palaces Resorts and Safaris is part of the Tata Group, India’s premier business house. For more information, please visit Taj Hotels Palaces Resorts Safaris.

Contact:
Rakhee Lalvani
rakhee.lalvani@tajhotels.com​
+91 22 6137 1909

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.