Media HighlightsIndia-based Tamara Leisure Experiences acquires Moxy Bremen (a part of the Marriott Group) in Germany.This is the 4th hotel acquisition by Tamara Leisure Experiences in Germany.The hotel is located in an upcoming high-end mixed-use area Uberseestadt 3 km from the city centre.This addition is a step in portfolio diversification and the path to 1000 keys globally by 2025.Tamara Leisure Experiences headquartered in Bengaluru, India has added to its German portfolio of hospitality outlets with the recent acquisition of Moxy Bremen at Uberseestadt in Bremen. This marks the 4th hotel acquisition by Tamara Leisure Experiences in Germany, strengthening its hospitality portfolio in the region.Speaking on this latest acquisition, Shruti Shibulal, Chief Executive Officer, Tamara Leisure Experiences says, “This is a proud moment for all at Tamara Leisure Experiences, especially as we close 2021, another tumultuous year for the hospitality industry. We, at Tamara, aim to strengthen our global presence and this latest acquisition in Germany marks our fourth property acquisition outside of India. With it, we further diversify our portfolio and continue on our path to achieving 1000 keys globally by 2025.”This newly acquired hotel is a three-star property with 128 rooms and is situated to the west of Bremen, a city with 570,000 residents. Uberseestadt, where the hotel is located, is the former port area of the Walle district and is currently being built up as a modern mixed-use business and residential space. This hotel is located on the harbour front, at the heart of a soon-to-be bustling high street location. The hotel is also easily accessible by the Bremen Europahafen, a subway station a little over a kilometre away and Bremen Central Station or Bremen Hauptbahnhof 3.1 km away.About Tamara Leisure ExperiencesTamara Leisure Experiences is a leading hospitality brand based in India, currently operating The Tamara Coorg, a luxury resort in a sprawling coffee plantation in Coorg, The Tamara Kodai, a luxury heritage resort in the hills of Kodaikanal, and O by Tamara, a luxury business hotel in the lively city of Trivandrum. The company also operates Lilac, an affordable mid-segment hotel in the heart of South Bangalore.Tamara Leisure Experiences properties internationally include Holiday Inn Express Guetersloh; Prizeotel Hannover and Courtyard by Marriott Wolfsburg, all based in Germany.Responsible Hospitality has been at the core of every venture, making the organisation an industry leader in the shift towards responsible and sustainable tourism.
The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.
Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.
In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.
Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.
Source: Choice India