10 Apr 2026

GQG Partners, a US-based investment firm backed by NRI investor Rajiv Jain, reduced its stake in ITC Hotels through an open market transaction in the past week. The firm sold around 1.29 crore shares, representing a 0.62 per cent stake, for approximately INR 197 crore. Following the deal, its holding declined to 1.35 per cent from 1.97 per cent. The buyers were not disclosed. The transaction comes amid active institutional participation in hospitality stocks, with ITC Hotels witnessing steady market interest and a rise in share price during the same trading session.Read more

10 Apr 2026

Electric mobility firm Simple Energy has expanded its retail presence with the launch of five new stores across Delhi, Nashik, Aurangabad and Siliguri, as part of its pan-India growth strategy announced on April 9. The company has strengthened its footprint in Delhi by opening outlets at two locations, while marking its entry into Nashik, Aurangabad and Siliguri with first-time stores. With this expansion, the Bengaluru-based firm now operates nearly 70 outlets across 38 cities. The company has also outlined plans to enter additional markets, including Nagpur, Ranchi and Bhubaneswar. The move reflects continued expansion of EV retail infrastructure in tier-I and tier-II cities to improve accessibility and after-sales support for customers.Read more

10 Apr 2026

NILE Hospitality has announced the signing of a 75-key Courtyard by Marriott hotel in Dibrugarh, Assam, marking its continued expansion in emerging hospitality markets. The project is expected to improve the city's organised hotel supply and cater to rising demand from business and agricultural sectors. Dibrugarh, known as a key commercial centre in eastern India, has been witnessing steady growth in domestic travel and trade activity. The upcoming hotel is likely to bring branded accommodation and standardised services to the region, aligning with broader trends of hotel chains entering tier-II and tier-III cities.Read more

10 Apr 2026

Max Healthcare Institute Ltd has signed a share purchase agreement to acquire a 58.4 per cent controlling stake in Kalinga Hospital Ltd for an equity value of INR 300 crore, including a control premium. The move marks the company's entry into Bhubaneswar and strengthens its presence in eastern India. Kalinga Hospital, a 250-bed NABH-accredited facility, operates on a 10-acre campus with significant expansion potential. The hospital offers multiple super speciality services and can scale up to over 1,000 beds in the future, supporting long-term growth plans.Read more

10 Apr 2026

ITC Hotels Limited has expanded its Welcomhotel brand footprint with new property signings in Bhubaneswar and Shirdi, taking the portfolio beyond the 50-hotel mark. The agreements, finalised in the past week with Sandy Resort Private Limited, cover a 73-room hotel in Shirdi and an 84-room property in Bhubaneswar. With these additions, the Welcomhotel portfolio now includes 51 properties with over 5,500 keys, comprising 30 operational hotels and 21 under development. The expansion strategy focuses on pilgrimage and leisure destinations, with recent signings across multiple cities and additional projects planned in locations such as Gangtok, Bhopal and Gwalior.Read more

10 Apr 2026

Global property consultancy Savills has acquired a majority stake in hospitality advisory firm Hotelivate to strengthen its presence in the Asia-Pacific region. The transaction, announced in the past week, will integrate Hotelivate's regional expertise with Savills global platform to expand advisory services across hotel investments and asset management. Financial details of the deal have not been disclosed. Hotelivate operates across South Asia, advising on hotel development, transactions and feasibility. The acquisition aligns with Savills strategy to scale its hospitality vertical and enhance client coverage in high-growth markets such as India and neighbouring countries.Read more

09 Apr 2026

Nexus Select Trust has acquired Diamond Plaza in Kolkata for INR 347.5 crore as part of its strategy to expand its retail real estate portfolio. The transaction, approved by the board of its manager entity, involves the purchase of the asset from Super Diamond Enterprises after a restructuring exercise. The mall has a gross leasable area of around 2,44,000 sq ft. The deal is expected to close in the coming months, adding to the REIT's existing presence across key urban markets in India.Read more

09 Apr 2026

The Competition Commission of India has approved Warburg Pincus acquisition of a stake in Fleur Hotels Ltd, a subsidiary of Lemon Tree Hotels, along with an INR 960 crore investment plan. The deal includes the purchase of a 41.09 per cent stake from APG Strategic Real Estate Pool NV and a broader internal restructuring of Lemon Tree's business. The move aims to separate hotel ownership and management into distinct platforms, strengthen growth potential, and expand Fleur's asset base significantly, with plans for a future listing on domestic stock exchanges.Read more

08 Apr 2026

Minor Hotels has signed a management contract to operate a luxury Anantara-branded hotel at the upcoming World Trade Centre (WTC) in Salt Lake, Kolkata, marking its first urban Anantara property in India. The hotel, part of a joint venture between Aryan Realty and the Merlin Group, is scheduled to open in 2032 with an estimated development cost of INR 200 crore for the hotel component. The property will feature around 170 rooms and suites, two restaurants, a rooftop specialty restaurant, a ballroom, spa, gym and swimming pool. The WTC project, Eastern India's first, spans 11 acres of mixed-use development including Grade A office and retail space, with a total estimated project cost of INR 2,400 crore. Minor Hotels plans to expand its presence in India to 50 properties over the next decade.Read more

07 Apr 2026

IHG Hotels & Resorts has signed a management contract with Yashvi Greenco LLP to operate a 110-key Holiday Inn Express hotel on Gauravpath in Surat, Gujarat. Scheduled to open in 2029, this will be IHG's first property in Surat, expanding the company's footprint in India's high-growth secondary and emerging commercial cities. IHG currently operates 51 hotels across six brands in India and has a development pipeline of 89 hotels expected to open over the next three to five years. The company emphasised India as a strategic growth market for its ongoing expansion plans in both primary and secondary cities.Read more