Dan Hotels Enters India with Luxury Bengaluru Property Joining Hilton's LXR Collection
Translated & summarized from Ice by baba
Miki Federman's Dan Hotels chain has expanded internationally by adding The Den Bengaluru to Hilton's LXR luxury collection, marking the brand's debut in India. The hotel offers 226 rooms and unique guest experiences in Bengaluru's Whitefield district. This move occurs as Dan Hotels shows signs of financial recovery in Israel, with second-quarter losses significantly reduced and revenues up 10.8% year-over-year, partly due to the acquisition of a New York hotel.
The story in 6 lines · by baba
- Dan Hotels' The Den Bengaluru has joined Hilton's LXR luxury collection, marking LXR's entry into India.
- The expansion is overseen by Miki Federman, a key stakeholder in Dan Hotels and Elbit Systems.
- The Bengaluru hotel features 226 rooms and offers unique guest programs focused on relaxation and local exploration.
- Dan Hotels reported a significant reduction in losses for the second quarter, down to 2.3 million shekels.
- Company revenues increased by 10.8% in the second quarter, reaching approximately 418.9 million shekels.
- The acquisition of the Nomo SoHo hotel in New York also contributed to the company's revenue growth.
Miki Federman, a major shareholder in Elbit Systems and the Dan Hotels chain, has overseen a significant business move as The Den Bengaluru, owned by Dan Hotels, officially joins Hilton's LXR Hotels & Resorts luxury collection. This marks LXR's first entry into the Indian market, a key global growth area. The Bengaluru hotel features 226 rooms, extensive wellness and leisure facilities, five dining venues, and nearly 2,000 square meters of event space, situated in the Whitefield district.
As part of its integration into the LXR brand, the hotel is introducing two unique guest programs: "The Pause Program" for relaxation amidst urban life and "Whitefield Unscripted" for local exploration, including tours of historic bungalows and visits to local farms. LXR Hotels & Resorts, launched in 2018, is known for its collection of independent luxury hotels in sought-after global destinations such as Kyoto, Bali, Paris, and New York.
Candice D'Cruz, Hilton's Vice President for Luxury Brands in Asia Pacific, stated that the opening of The Den Bengaluru signifies a new chapter for LXR, bringing its global perspective to India while highlighting Bengaluru's unique character. Vinesh Gupta, General Manager of The Den Bengaluru, expressed pride in the partnership with Hilton and the opportunity to enhance guest experiences through the LXR affiliation and the Hilton Honors loyalty program.
This international expansion comes as Federman and Dan Hotels navigate recovery in Israel. Following a difficult first quarter impacted by security concerns, which resulted in a loss of approximately 60.5 million shekels, the chain significantly reduced its losses in the second quarter to about 2.3 million shekels. Despite these domestic challenges, the company's revenue shows strong growth, with second-quarter revenues reaching approximately 418.9 million shekels, a 10.8% increase year-over-year. This growth is partly attributed to the strategic acquisition of the Nomo SoHo hotel in New York earlier in the year.
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