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Embassy Group or Embassy Property Developments Pvt. Ltd is a privately held real estate developer based in Bengaluru, Karnataka, India established in 1993. The group is into real estate development for verticals like commercial, residential, hospitality, industrial warehouse spaces, services, retail and education.
The Embassy Suites hotel chain was founded in 1983 by Hervey Feldman and Mike Rose, Holiday Inn Corporation's CEO. [3] Feldman was the president and CEO of Embassy Suites until 1990, after which he served as executive chairman until 1992. [4] The first Embassy Suites hotel opened in 1984 in Overland Park, Kansas.
In 2024, WeWork decided to exit the Indian market and sold its stake in WeWork India to Embassy Group. [173] Some commentators opined that this was a distress sale because Embassy Group was itself selling part of its stake to outside investors but at a higher price than WeWork Inc. [174]
Embassy was founded in 1942 by Joseph E. Levine as a foreign film distributor, before branching out into film production in 1945. In 1967, Embassy was acquired by Avco . The company struggled in the 1970s before focusing on lower-budget genre films at the end of the decade.
In 2020, the group announced that it would exit Indiabulls Real Estate in a merger deal with Embassy Group entities. [14] Sameer Gehlaut stepped down as the chairman of Indiabulls Housing Finance in 2020 [ 15 ] and ceased to be its promoter in 2023. [ 16 ]
Founder Zubin Karkaria conceived the idea for VFS Global while working with the Kuoni Group. [3] Karkaria believed one could circumvent embassy's wait times required for processing visa applications by outsourcing the administrative work. [7]
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Moscow, Russia: The Hilton Moscow Leningradskaya is part of the Seven Sisters, a group of Stalinist-styled seven skyscrapers, and was designed to be the most luxurious hotel in Moscow. [86] Mumbai, India: The Trident Hotel, Nariman Point was co-operated by Hilton under an agreement with The Oberoi Group between 2004 and 2008. The hotel was ...