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Leela Palaces Hotels & Resorts plans to invest up to INR 185 crore in its subsidiary Buildminds Real Estate Private Limited to fund capital requirements for the development of an upcoming five-star hotel in Ayodhya. The investment will be made through the subscription of Compulsorily Convertible Preference Shares (CCPS) in one or more tranches over one or more years, depending on the subsidiary’s funding requirements. The funds will be used towards project-related expenditure, working capital and other general corporate purposes. The company said the investment could be made on or before the financial year 2028-29. Leela Palaces currently holds a 76% stake in Buildminds and said the proposed investment would not alter its management control or economic interest in the subsidiary.Read more

11 Aug 2026

Mahindra Group has appointed Amit Sinha, currently managing director and CEO of Mahindra Lifespaces Developers Ltd, to lead its Holidays and Lifespaces sector as CEO. The appointment date has not yet been disclosed, and Sinha will assume the new role after a successor is appointed to head Mahindra Lifespaces. The move forms part of the group’s strategy to combine its Holidays and Lifespaces businesses under a sector structure and pursue operational synergies between the two businesses, which it identifies as ‘Growth Gems’. Mahindra Lifespaces’ residential pre-sales have increased fivefold since FY20, from around INR 700 crore to INR 3,500 crore, while the overall business moved from losses to a profit of around INR 300 crore in FY26. Mahindra Holidays has more than 300,000 vacation ownership members and has added over 1,700 rooms as it expands into leisure hospitality.Read more

11 Aug 2026

Luxury fashion and lifestyle brands are increasingly entering the real estate sector through branded residences, bringing their design identities into architecture, interiors, amenities and hospitality services. In Dubai, ANAX Developments Chairman Satish Sanpal is taking this approach with ELLE Residences Dubai Islands, developed under a licensing agreement with Lagardère News. The project marks ELLE’s first residential development in the Middle East and its second globally after ELLE Residences Miami. With 91 apartments and seven townhouses, the waterfront project combines ELLE’s fashion and lifestyle identity with Dubai’s residential market.Read more

10 Aug 2026

ITC Hotels plans to expand its operating portfolio to 250 properties with more than 22,000 keys over the next five years, supported by a pipeline of 78 hotels with over 8,000 keys. The company is following an asset-right strategy that combines investments in owned properties with management contracts and acquisitions. New developments are planned in Puri, Visakhapatnam and Delhi, while the Bhubaneswar hotel is being expanded. ITC Hotels is also adding properties across Kerala, Ahmedabad, Ayodhya, Bodh Gaya, Gandhinagar, Guwahati, Jaipur, Rajgir, Shahjahanpur and Shirdi as it widens its presence across business, leisure and pilgrimage markets.Read more

10 Aug 2026

Brigade Hotel Ventures Ltd reported a 140 per cent year-on-year increase in its consolidated profit after tax for the first quarter of FY27, supported by steady operational performance across its hospitality portfolio. Revenue also recorded a modest increase during the quarter, while Bengaluru remained the company's strongest-performing market with higher Revenue Per Available Room (RevPAR), average room rates and healthy occupancy levels. The company also continued to expand its hospitality portfolio through property rebranding and upcoming hotel launches, while maintaining its focus on doubling its room inventory across luxury, leisure and business segments.Read more

10 Aug 2026

EIH Ltd, which operates the Oberoi and Trident hotel brands, has entered into a long-term partnership with Bhartiya Group to develop a portfolio of 20 ultra-luxury lifestyle resorts across India and select international destinations. The collaboration aims to cater to the growing demand for wellness-focused luxury travel by combining Bhartiya Group's expertise in integrated lifestyle developments with The Oberoi Group's hospitality standards. The first three resorts are planned in Coorg, Kabini and Hampi, with operations expected to begin by 2030, while the broader expansion will take place under EIH's management.Read more

09 Aug 2026

IHG Hotels & Resorts has introduced its luxury lifestyle brand, Vignette Collection, to India and South West Asia with the opening of The Aarlis Hotel Panchkula in Haryana. The 145-room property, located in Panchkula within the Chandigarh Tricity region, marks the brand's regional debut and joins IHG's Luxury & Lifestyle portfolio. Positioned close to major tourist attractions and commercial centres, the hotel offers accommodation, multiple dining venues, wellness facilities and approximately 30,000 sq. ft. of meetings and events space. The opening forms part of IHG's strategy to expand its presence in India's growing luxury hospitality market through distinctive, independently positioned hotels.Read more

09 Aug 2026

Pristine, the bakery division of Allana Consumer Products Limited (ACPL), is strengthening its position as a manufacturing and product development partner for organised bakery and café brands across India. The company serves as the exclusive manufacturing partner for Mad Over Donuts and The Belgian Waffle Co., while also supplying bakery products to Krispy Kreme India, Merwans, Monginis outlets in Ahmedabad and several other bakery brands. With a production capacity of 100 tonnes per day, more than 70 stock keeping units (SKUs) and over 7,000 active customers, Pristine is expanding its manufacturing capabilities and research efforts to support growing demand for premium bakery products and customised solutions.Read more

08 Aug 2026

The Goa government has proposed a collaboration with Gujarat to promote cultural and spiritual tourism exchanges between the two states. The proposal was discussed during the Travel & Tourism Fair (TTF) Ahmedabad 2026, where Goa presented a wider range of tourism offerings beyond its traditional beach-focused image. Tourism Minister Rohan Khaunte held discussions with Gujarat Chief Minister Bhupendra Patel around the possibility of signing a memorandum of understanding (MoU). The proposed cooperation is aimed at strengthening tourism ties, improving visitor movement between the states and developing new opportunities across cultural, spiritual, wellness and other tourism segments.Read more

08 Aug 2026

Radisson Blu Guwahati is organising 'Uttar Dakshin – Jab North Met South', a culinary festival at The Great Kebab Factory from July 31 to August 16, 2026. The event brings together regional dishes from North and South India, featuring a menu curated by the hotel's culinary team. The festival includes a range of vegetarian and non-vegetarian specialities prepared using traditional recipes and cooking techniques, alongside themed décor and regional dining elements designed to showcase India's diverse culinary heritage.Read more