17 Oct 2025

OYO Assets, also known as Sunday PropTech and backed by PRISM, has announced plans to acquire 12 hotels during the second half of the current financial year as part of its effort to grow its premium and mid-premium hospitality portfolio. The company mentioned that seven of these properties are already in advanced stages of acquisition. The funding for these acquisitions will come through a combination of debt and equity, supported by PRISM Life, SoftBank, and a consortium led by InCred and Analah. The move aligns with OYO's strategy to strengthen its presence in key hotel segments.Read more

16 Oct 2025

DLF has addressed reports suggesting water supply issues at its Vasant Kunj malls, DLF Promenade and DLF Emporio. The company confirmed both malls have sufficient water supply and have implemented robust contingency measures. Teams are coordinating with authorities to ensure uninterrupted operations, particularly during the ongoing festive season. Delhi Jal Board officials have confirmed that any earlier supply disruptions, linked to water tanker delivery, have now been resolved, highlighting effective collaboration between the malls and local authorities.Read more

16 Oct 2025

ANIIDCO has received strong interest from hospitality developers and investors for 5-star eco-tourism resorts under a PPP model in the Andaman and Nicobar Islands. Projects include Megapode Resort redevelopment and first-time tourism on uninhabited Aves Island, featuring 50 luxury rooms and adventure activities. Additional plans cover 14 more islands, including Long Island, Smith Island, and Shaheed Dweep, with substantial investments. Aligned with the Holistic Development of Islands framework, these projects follow global sustainability standards, aim to attract high-end tourists, create local employment, and position the islands as a global destination for eco-friendly tourism.Read more

15 Oct 2025

Bloom's revenue surged to INR 357.5 crore in FY 2024-25, growing sixfold in three years from INR 58 crore in FY22. EBITDA reached INR 75.01 crore, and PAT stood at INR 15.2 crore. The brand emphasizes capital efficiency, selective hotel onboarding, and a room-focused approach, with 85 per cent of revenue coming from room bookings. After achieving breakeven, Bloom aims to grow revenue and profit steadily at 30-35 per cent annually, with plans to expand from Tier 1 to Tier 2 and Tier 3 cities and scale its portfolio to 25,000 rooms.Read more

15 Oct 2025

Hilton has partnered with MKR Estate Developers to establish the 195-key Hilton Chennai Egmore, part of a mixed-use project with office spaces, set to open in January 2029. The hotel aims to meet growing demand for premium corporate and social hospitality in Chennai. In Uttar Pradesh, Radisson Hotel Group opened the 80-key Park Inn by Radisson Lucknow Vikas Nagar and the 108-key Radisson Hotel Prayagraj. Both groups are strategically expanding in key urban and tier-II markets, reflecting the increasing presence of global hotel brands in India's growing hospitality and tourism sector.Read more

15 Oct 2025

Sugee Group has announced its much-awaited annual cultural event, 'Diwali Pahaat', to be held later this month at Ravindra Natya Mandir, Prabhadevi. Marking the musical dawn of the Diwali festivities, the celebration will feature over 50 distinguished artists, including Padmashri Suresh Wadkar, Rahul Deshpande, Vaishali Samant, and others, offering an enchanting morning of classical, folk, and contemporary music.Read more

14 Oct 2025

International hospitality brand Radisson Group announced plans to expand its presence across Uttar Pradesh with eight new hotels, driven by the state's rising tourism appeal. During the inauguration of its new five-star property, Radisson Prayagraj, company executives shared that the group would also introduce a Park Inn mid-segment hotel next year. Developed in collaboration with the Presidency Group, Radisson Prayagraj marks Radisson's tenth hotel in the state and represents an investment of INR 220 crore.Read more

14 Oct 2025

CITTA, an emerging homegrown brand in the baby care and beauty sectors, has witnessed significant success across South India, which now contributes around 72% of its total revenue. Since commencing operations in the region earlier this year, the company has expanded across Telangana, Andhra Pradesh, Karnataka, and Kerala, strengthening its distribution network, retail presence, and brand visibility through strategic campaigns and collaborations.Read more

10 Oct 2025

M3M India has completed its high-street retail project, M3M Route 65, in Gurugram, with an investment of INR 800 crore. The four-acre development features 564,000 sq ft of commercial space, with retail handovers set to start later this month and full operations expected by March next year. While the company has not clarified whether the spaces have been sold or leased, this marks its 10th retail project. The development adds a significant high-street retail option in Gurugram, supporting both established and emerging businesses in the city's commercial hub.Read more

09 Oct 2025

Eco Hotels and Resorts successfully raised INR 19.57 crore through a rights issue that saw subscriptions nearly 1.6 times the planned size. The issue, offered at INR 15.2 per share in a 1:4 ratio, received bids for over 2 crore shares against the proposed 1.28 crore shares. The company plans to deploy the funds for long-term hotel property leases, construction advances, security deposits, and general corporate purposes. Leadership emphasized the strong shareholder support as a sign of confidence in the company's growth and strategic plans, aiming for 5,000 keys by 2030.Read more