Latest news with #BinodChaudhary
Forbes
23-05-2025
- Business
- Forbes
Nepalese Billionaire Binod Chaudhary Deepens Marriott Partnership With Indian Hotels Venture
CG Hospitality—controlled by Nepalese billionaire Binod Chaudhary—is collaborating with Marriott International to expand its presence across India as it seeks to tap into the tourism boom across the country. Under the deal announced late Thursday, Marriott and CG Hospitality's Concept Hospitality, the hotel management company behind The Fern chain of hotels, have agreed to develop 380 new hotels and resorts across India over the next five years. The Fern currently operates over 120 properties in the country. 'With this partnership, we're aiming to grow The Fern to 500 hotels by 2030, potentially making it the largest brand in its segment in India, while expanding CG Hospitality's global footprint to 650 hotels,' said Rahul Chaudhary, managing director & CEO of CG Corp Global and CG Hospitality. The deal, which includes a reported $15 million investment by Marriott into Concept Hospitality, also marks the global debut of Marriott's new midscale and upscale lodging brand, Series by Marriott. The Fern's portfolio will also complement Marriott's existing 158 properties that it manages in India under various brands. 'This deal will significantly strengthen Marriott's leadership in India, a key growth market,' said Anthony Capuano, president and CEO of Marriott International. Marriott expects India to become its third-largest market after the U.S. and China within the next few years, up from fifth place currently. Chaudhary's CG Hospitality currently manages 195 hotels, resorts, and wellness destinations across 12 countries through brands such as Taj, Taj Safari, and Vivanta. The company also recently agreed to include The Farm at San Benito in Batangas, south of Manila, as part of Marriott's Autograph Collection. The 70-hectare rebranded luxury wellness resort aims to open in the third quarter of this year. Chaudhary also wants to replicate the wellness resort concept in India. Besides his interest in hotels, Chaudhary also holds stakes in Nepal-based privately owned Nabil Bank and CG Foods, maker of Wai Wai instant noodles. With a net worth of $2 billion, Chaudhary is Nepal's sole billionaire.
Skift
07-05-2025
- Business
- Skift
Marriott to Manage First Autograph Collection Property in the Philippines
Macau welcomed 850,035 visitor arrivals during the five-day Labour Day holiday, an average of just over 170,000 visitors daily. Friday was the big day with 221,968 visitors entering Macau, a new single-day record since the pandemic and the highest since February 2019. The year-over-year increase was around 33%. The Macao Government Tourism Office had projected 700,000 total visitors, with 140,000 per day. CG Hospitality, controlled by Nepalese billionaire Binod Chaudhary, signed an agreement with Marriott International to convert its Philippine wellness center, The Farm at San Benito, into an Autograph Collection resort. The property is in Batangas province, south of Manila, and will be the first Autograph Collection resort managed by Marriott in the Philippines. It will open at the end of the third quarter and comes nine months after Chaudhary signed an agreement with Andrew Tan's Megaworld Corp to jointly build a $208 million township beside the existing wellness resort. Megaworld and CG Hospitality will build a low-density wellness community with residential condos, hotels, shops, and sports and leisure amenities across 25 hectares of greenery in Lipa City, 85 kilometers south of Manila. San Benito Private Estate will have access to The Farm at San Benito. Once converted to an Autograph Collection resort, The Farm at San Benito, which spans 52 hectares, will have 70 keys and feature one-bedroom villas and exclusive two and four-bedroom private pool villas. The rebranded resort will feature five restaurants, a swimming pool with a bar, a fitness center, a spa, and a medical wellness center. There will be 321 square meters of flexible meeting and event space. The Sydney Marriott Hotel Parramatta will form part of a large-scale mixed-use development on Church Street. It is the fifth Marriott Hotels & Resorts property in Australia and the second in Sydney. Marriott signed an agreement with property developer JQZ, which has commenced construction of the high-rise building that will also feature residential apartments and retail and commercial spaces. Sydney Marriott Hotel Parramatta marks Marriott Hotels' debut in Parramatta and will feature functions and meeting facilities, an M Club Lounge, restaurant, café, lobby lounge, rooftop swimming pool with pool bar, and a fitness center. The hotel is expected to open in mid-2027. Accor said it will strengthen its footprint in Australia and New Zealand by signing a significant portfolio of hotels with Bayview International Hotels & Resorts. The partnership will see Accor take over the management of three properties from this month – The 277-room Sydney Boulevard Hotel in East Sydney, 137-room Bayview Geographe Resort in Busselton, Western Australia, and 187-room Wairakei Resort Taupo in the North Island of New Zealand. The three properties will undergo extensive refurbishments before being relaunched under Accor brands, but until then, they will continue operating under their current names. Accor's Ennismore hotel group said they are doubling down on Australia this year, unveiling four flagship openings – 25Hours Olympia in Sydney; Mondrian Gold Coast; Hyde Perth; and Hyde Melbourne Place, which is a rebrand of Melbourne Place, which opened under this new name last week. Australia's first Mondrian hotel will open in June, steps from Burleigh Beach, with 208 rooms including 132 studios, 76 suites, private beach houses, and a penthouse. The hotel's Sky House sits on the 24th floor of the hotel with three bedrooms. There will also be a bio-wellness spa called Ciel, a 25-meter resort pool, and accompanying magnesium plunge pools. BGO Strategic Capital Partners and Hotel Capital Partners have purchased the Sydney Potts Point Central Apartment Hotel for $31.5 million. The deal, brokered by CBRE Hotels and comprising 73 individual lots, is the largest strata amalgamation deal in Australia since the pandemic. The hotel consists of 70 serviced apartments, a ground floor food and beverage outlet, rooftop public amenities with expansive views of Sydney's CBD, and was finalized this week. The new owners will transform the hotel, with plans to convert the building into co-living accommodation, managed by UKO, Australia's largest co-living operator. TUI-BLUE-Sihanoukville Hotel held its grand opening on May 5th. The hotel is located in the heart of downtown Sihanoukville in Cambodia and offers 200 five-star appointed rooms. The hotel is owned by Prince Real Estate Group, which appointed TUI Hotels & Resorts as manager. TUI said TUI Cruises, TUI Airlines, and TUI Travel will become a new bridge connecting Sihanoukville with world tourism development and better position it as a tourist destination. IHG Hotels & Resorts announced the signing of a management agreement with KS Propmart Private Limited, part of Devyansh Group, to bring a Crowne Plaza hotel to Gurugram Sector 85. The hotel is scheduled to open in the first quarter of 2029. The Crowne Plaza Gurugram Sector 85 will offer 210 rooms, four diverse dining options including a specialty restaurant, an all-day dining restaurant, a lobby lounge, and a pool ba,r as well as seven versatile meetings and event spaces, including a ballroom. Amenities such as a Club Lounge, pool, fitness center, and spa will be offered, as well as 150 parking spaces and a dedicated retail section. OYO announced its foray into the food and beverage segment. They plan to roll out in-house kitchens and quick service restaurant carts at 1,500 of its company-serviced properties by fiscal 2026. The hotel company will first bring these services to the Townhouse by OYO brand. They piloted this at the beginning of the year across 100 hotels in several cities in India, Delhi, Bengaluru, Hyderabad, and Gurugram. OYO said the feedback was positive. Guests will be able to order food through the OYO app and other booking platforms by selecting a 'Kitchen Services' option.
Forbes
05-05-2025
- Business
- Forbes
Nepalese Billionaire Rebrands Philippine Resort Into A Marriott Property Amid Tourism Boom
CG Hospitality—controlled by Nepalese billionaire Binod Chaudhary—signed an agreement with Marriott International to convert its Philippine wellness center, dubbed The Farm at San Benito, into an Autograph Collection resort. The property in Batangas province, south of Manila, will be the first Autograph Collection resort to be managed by Marriott in the Philippines. It will open at the end of the third quarter, the companies said in a joint statement, without disclosing the value of the deal. 'With wellness emerging as a key driver of travel decisions, this is a timely and strategic entry for us,' said Rajeev Menon, president for Asia Pacific excluding China at Marriott International. 'The Philippines, with its rich natural beauty and growing reputation as a rejuvenating destination, offers the ideal setting for the Autograph Collection.' The Farm at San Benito's rebranding into Marriott's Autograph Collection comes nine months after Chaudhary forged an agreement with Philippine billionaire Andrew Tan's real estate developer Megaworld Corp. to jointly build a $208 million township beside the existing wellness resort, betting on a tourism boom. Megaworld and CG Hospitality will build a low-density wellness community that will have residential condominiums, hotels, shops, along with sports and leisure amenities across 25 hectares of lush greenery in Lipa City, 85 kilometers south of Manila and 90 minutes drive from the capital. San Benito Private Estate, as the project is called, will have access to the Farm at San Benito. Once converted into an Autograph Collection resort, the Farm at San Benito, which spans 52 hectares, will have 70 keys and feature one-bedroom villas and exclusive two- and four-bedroom private pool villas, the companies said. The strategic partnership with Marriott will set a new benchmark for wellness hospitality in the region, CG Corp Global Chairman Chaudhary said. The rebranded resort will feature five restaurants, a swimming pool with a bar, a fully equipped fitness centre, a tranquil spa, and a medical wellness centre, the companies said. The resort will also cater to business and social gatherings with a planned 321 square meter of flexible meeting and event space. Chaudhary's CG Hospitality owns a portfolio of more than 190 properties with over 12,000 rooms in 12 countries. He also holds stakes in Nepal-based privately owned Nabil Bank and CG Foods, maker of Wai Wai instant noodles. With a net worth of $2.0 billion, Chaudhary is Nepal's sole billionaire.
Korea Herald
02-05-2025
- Business
- Korea Herald
MARRIOTT INTERNATIONAL AND CG HOSPITALITY ANNOUNCE AGREEMENT TO LAUNCH THE FARM AT SAN BENITO, AUTOGRAPH COLLECTION IN THE PHILIPPINES
Slated to open in end-Q3 2025, the property marks the brand's debut in the Philippines following a strategic conversion deal. SINGAPORE, May 2, 2025 /PRNewswire/ -- Marriott International Inc. and CG Hospitality recently announced a signed agreement to convert The Farm at San Benito, the well-renowned Philippines wellness retreat, to an Autograph Collection resort, the first in the nation which is expected to welcome guests in end-Q3 2025. With a brand promise of "Exactly Like Nothing Else", the Autograph Collection brand is home to a curated selection of individual boutique hotels, each chosen for their inherent craft and distinct perspectives on design and hospitality, offering rich immersive moments that leave a lasting imprint. "We're excited to collaborate with CG Hospitality on the debut of Marriott International's Autograph Collection brand in the Philippines — a milestone that expands our footprint in this vibrant market." said Rajeev Menon, President, Asia Pacific excluding China, Marriott International. "With wellness emerging as a key driver of travel decisions, this is a timely and strategic entry for us. The Philippines, with its rich natural beauty and growing reputation as a rejuvenating destination, offers the ideal setting for the Autograph Collection and underscores our continued commitment to bringing differentiated experiences to new markets across the region. "At CG Hospitality, we have always believed in nurturing destinations that leave a lasting impact, and The Farm at San Benito has long been a jewel in our portfolio — a sanctuary where nature, wellness, and heartfelt hospitality come together. Our strategic partnership with Marriott International to bring The Farm at San Benito into the Autograph Collection family reflects our commitment to creating experiences that are both timeless and transformative. By joining hands, we are taking this vision global, introducing the Philippines' first Autograph Collection property, and setting a new benchmark for wellness hospitality in the region," said Dr. Binod Chaudhary, Chairman of CG Corp Global. Spanning 52 hectares of lush greenery, The Farm at San Benito, Autograph Collection is a wellness destination rooted in transformation and personal growth. The property's philosophy centres on nurturing personal growth through a holistic care – where nutrition, movement, integrated medicine and mindful living intersect to support each guest's evolving journey towards long-term wellbeing. Nestled in Lipa City, Batangas, a 90-minute drive from Metro Manila – the 70-key property is expected to feature one-bedroom villas and exclusive two- and four-bedroom private pool villas. The resort is also expected to feature a swimming pool with a pool bar, a fully equipped fitness centre, a tranquil spa, and a medical wellness centre — setting a benchmark for next-generation wellness hospitality in the region. Guests can look forward to a bespoke culinary journey across five dining venues, a lobby lounge, and two additional bars. The Farm at San Benito, Autograph Collection's strategic location offers convenient access for both leisure seekers and corporate guests — meeting the rising demand for restorative escapes from Manila and beyond. The resort will also cater to business and social gatherings anticipated to feature 321 sqm of flexible meeting and event space, complete with natural light. Nearby cultural and recreational attractions include the "Little Rome of the Philippines," known for its historic churches, monasteries, and religious landmarks, Mount Malarayat Golf & Country Club, and Casa de Segunda, a beautifully preserved 19th-century heritage home, offering a glimpse into the Filipino lifestyle. Marriott International currently has 12 properties across six brands in the Philippines with five more in the pipeline. Slated to be Marriott's 13th property in the nation, The Farm at San Benito, Autograph Collection will also be part of Marriott Bonvoy, the global travel program from Marriott International. Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of over 9,300 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy ®, its highly awarded travel platform. For more information, please visit our website at and for the latest company news, visit In addition, connect with us on Facebook and @MarriottIntl on X and Instagram. ABOUT CG CORP GLOBAL CG Corp Global, the Global face of Nepal's first and only Multi - Billion Dollar Multinational Conglomerate with an exceptional legacy of 140 years across 4 generations. CG Corp Global has 261+ brands, 202+ companies, over 20,000 employees and spread across 32 countries with industry leading foray into Fast - Moving Consumer Goods (FMCG), Banking, Power, Hospitality, Real – Estate, Telecom, Cement, and education amongst others. CG Hospitality Global, a hospitality arm of CG Corp Global has a diversified portfolio of more than 193 Hotels & Resorts across 12 countries and 127 destinations with over 12,000 keys. CG Hospitality's successful joint ventures include partnership with globally renowned hospitality brands such as IHCL (A Tata Enterprise) through its Taj, Taj Safari and Vivanta brands, Jetwing, Radisson, Hilton, and Fairmont brands. CG Hospitality owns The Zinc, The Fern, and The Farm brands. By 2028, this portfolio is expected to grow to over 600 hotels and 30,000 keys. CG Hospitality's diverse portfolio features some of the most iconic properties and destinations across the globe. This includes Taj Exotica Resort & Spa (Maldives), Jetwing Vil Uyana & Taj Samudra (Sri Lanka), The Farm at San Benito (Philippines), Meghauli Serai - A Taj Safaris Lodge (Nepal), Taj Jumeirah Lakes Towers (Dubai, UAE) and Fairmont The Norfolk & Fairmont Mara Safari Club (Kenya), Double Tree by Hilton JFK Airport in New York amongst others. CG Hospitality also owns one of the largest management company in India through Concept Hospitality (CHPL)/Fern Hotels, which manages over 120 Mid - Market to luxury hotels through its own brands under Fern, Zinc and Beacon. This portfolio is set to grow to 500 hotels by 2028. ABOUT AUTOGRAPH COLLECTION ® HOTELS Autograph Collection Hotels advocates for the original, championing the individuality of each of its over 330 independent hotels located in the most desirable destinations across more than 50 countries and territories. Each hotel is a product of passion, inspired by a clear vision, soul, and story that makes it individual and special: Exactly Like Nothing Else. Hand-selected for their inherent craft and distinct perspectives on design and hospitality, Autograph Collection properties offer rich immersive moments that leave a lasting imprint. For more information, please visit and explore on social via Instagram, X, and Facebook to be inspired by immersive moments that are #ExactlyLikeNothingElse. Autograph Collection is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit Marriott International: The Farm at San Benito:
