31 minutes ago

Unicorn Infosolutions, Apple’s largest premium retail and service partner in India, has announced plans to expand its network from 100 to 150 stores over the next three years, driven by growing demand for Apple products across smaller cities. The company expects its revenue to rise from INR 3,700 crore in FY2025-26 to between INR 5,500 crore and INR 6,000 crore during the expansion period. Having opened its 100th store in Gurugram, Unicorn is focusing on tier-III and tier-IV markets, where physical access to Apple product demonstrations and after-sales services remains limited. The retailer currently operates across 49 cities in nine states and expects new product categories, including entry-level Mac offerings, alongside financing options such as equated monthly instalments (EMIs), to support future growth.Read more

10 hours ago

• Nexus Select Trust plans to deploy INR 2,000 crore to expand its retail presence in Northeast India through acquisitions and greenfield developments.
• The REIT is assessing opportunities across key cities where organised retail supply remains limited despite growing consumption and urbanisation.
• The investment forms part of the company's broader portfolio expansion strategy beyond established metropolitan markets.
• The planned deployment highlights increasing investor interest in the Northeast's retail and commercial real estate sector.Read more

11 Jun 2026

Pride Hotels Limited has expanded its presence in Madhya Pradesh by signing a long-term lease agreement for a 141-key hotel in Indore. The property will operate under the Pride Plaza brand, becoming the fifth hotel in the company’s Plaza portfolio after Delhi, Ahmedabad, Kolkata and Jaipur. The development also marks Pride Group of Hotels’ second property in Indore, strengthening its footprint in one of central India’s key commercial and industrial centres. The company said the agreement reflects its continued focus on growth through strategic expansion while reinforcing its commitment to the Indore market and the wider region.Read more

10 Jun 2026

Marriott International has entered into a multi-property agreement with CG Hospitality Global to develop three luxury hotels across India and Nepal, strengthening its expansion strategy in South Asia. The partnership will add nearly 450 rooms to Marriott’s regional portfolio by 2031 through the development of The Ritz-Carlton Kathmandu, The Westin Kathmandu and JW Marriott Hotel Siliguri in West Bengal. The projects are aimed at tapping growing demand in key hospitality markets across the region. CG Hospitality Global, part of CG Group Global, brings extensive regional expertise and operates a portfolio of more than 220 hotels and resorts across 12 countries. The agreement reflects continued investment activity in South Asia’s premium hospitality segment.Read more

09 Jun 2026

SpiceJet has announced plans to strengthen its fleet by adding three Airbus A320 aircraft on a damp lease arrangement next month. The airline has already finalised the lease agreement for the narrowbody planes as part of its ongoing fleet expansion strategy. In addition, SpiceJet has reintroduced a Boeing 737 MAX aircraft into commercial operations after bringing it back from the ground. The move is aimed at meeting rising passenger demand during the peak travel season, while also improving operational flexibility and supporting the airline’s domestic and international network requirements.Read more

09 Jun 2026

Travel booking platform ixigo has approved the acquisition of a 54.66 per cent stake in flexible-stay hotel network Brevistay for a total investment of INR 65.69 crore. The transaction, announced in the past week, will be completed through a combination of primary and secondary share purchases, subject to customary conditions. Following the acquisition, Brevistay will become a subsidiary of ixigo. The move is aimed at strengthening ixigo’s presence in India’s accommodation segment and expanding its hotels business. Founded in 2016, Brevistay operates a flexible-stay model that allows short-duration and overnight hotel bookings. The combined network of the two companies will comprise more than 10,000 directly contracted hotels across the country, providing greater scale and wider market reach.Read more

09 Jun 2026

Vibez Estates has signed a hospitality management agreement with Sarovar Hotels for Vibez Sarovar Premiere, a 40-acre hospitality development in Sakleshpur, Karnataka. Located amid the Western Ghats and surrounded by coffee plantations and hill landscapes, the project will comprise a five-star hotel and villa development and is scheduled to open in 2028. The partnership combines Vibez Estates’ experience in managed land and plantation assets with Sarovar Hotels’ operational and distribution capabilities. The development comes as Sakleshpur continues to attract increasing visitor interest due to its natural surroundings, plantation tourism offerings and improving connectivity to Bengaluru and Mangaluru. The project is expected to add organised hospitality capacity to the region’s growing tourism and leisure ecosystem.Read more

08 Jun 2026

ITC Properties Group Ltd has announced that one of its subsidiaries has entered into a memorandum of understanding (MoU) with China Unicom Hong Kong to secure data centre resources as part of its expansion plans. Under the agreement, China Unicom Hong Kong will provide at least 6 megawatts (MW) of internet data centre (IDC) resources within nine months. The MoU will remain valid for 36 months, while the subsidiary aims to obtain between 8 MW and 10 MW of IDC resources for sublease. The move reflects growing demand for data centre infrastructure and related services in the region.Read more

08 Jun 2026

IHG Hotels & Resorts has signed a management agreement with Zon Hotels (Mumbai) Private Limited to develop InterContinental Mumbai Goregaon, strengthening its luxury hospitality presence in Mumbai. Scheduled to open in the first quarter of 2030, the 350-key hotel will be located in Goregaon, a rapidly growing commercial and business hub in the city’s western suburbs. The project will feature luxury accommodation, multiple dining options, large-scale event facilities and wellness amenities. The development reflects growing investor confidence in Mumbai’s hospitality market amid increasing business travel, corporate demand and premium accommodation requirements.Read more

08 Jun 2026

IHG Hotels & Resorts has signed a management agreement with Zon Hotels (Mumbai) Private Ltd to develop InterContinental Mumbai Goregaon, strengthening its luxury hospitality presence in India’s financial capital. The 350-key hotel is expected to open in the first quarter of 2030 and will be located in Goregaon, a rapidly growing commercial and business district. The development comes as Mumbai continues to witness strong demand from both business and leisure travellers. The project also reflects IHG’s broader expansion strategy in India, where the company already operates 52 hotels and has a significant pipeline of upcoming properties.Read more