SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Hospitality & Retail

IHG partners with Atithi Gokul Hotel Inns to launch a 150-key Holiday Inn in Ahmedabad by 2028

12 Jun 2025

IHG Hotels & Resorts has formalised a strategic partnership with Atithi Gokul Hotel Inns to develop a 150-room Holiday Inn in Ahmedabad, Gujarat. Scheduled to open in the third quarter of 2028, this new property will cater to the rising influx of business and leisure travellers in the city. The collaboration is expected to strengthen IHG's midscale presence in western India and aligns with its broader growth strategy in emerging urban markets. The company expressed confidence in its global reach and trusted brand to deliver solid returns for stakeholders.Read more

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Vivanta brand to debut in Mysuru as IHCL signs greenfield hotel amid rising regional growth

12 Jun 2025

Indian Hotels Company Ltd (IHCL), the hospitality arm of the Tata Group, has entered into an agreement to launch a 115-key greenfield hotel in Mysuru, Karnataka, under its Vivanta brand. The announcement aligns with the company's broader strategy of tapping into rapidly developing cultural and economic centres. The project, in partnership with the Farah Group, will leverage the benefits of enhanced connectivity in the region, notably due to the Bengaluru-Mysuru Expressway. With this addition, IHCL's footprint in Karnataka now stands at 26 hotels, of which 12 are currently under various stages of development.Read more

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Schloss Bangalore to build luxury hotel and commercial complex in BKC

06 Jun 2025

A consortium led by Schloss Bangalore (The Leela) has secured an 80-year lease for a prime commercial plot in Mumbai's Bandra-Kurla Complex (BKC) from the Mumbai Metropolitan Region Development Authority (MMRDA). The consortium, which includes Arliga Ecospace Business Park Pvt Ltd and Schloss Chanakya Pvt Ltd, plans to develop a mixed-use project, featuring a 250-key luxury hotel. The plot, spanning 8,411.88 sq m with a permissible built-up area of 33,647.52 sq m, comes with a total lease premium of INR 1,302.15 crore. The highest bid was submitted earlier this year following MMRDA's evaluation process.Read more

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IHG to open Holiday Inn Express & Suites in Pithampur by 2028

06 Jun 2025

IHG Hotels & Resorts has signed a management agreement with Kevit Retreats for the development of a 150-key Holiday Inn Express & Suites in Pithampur, Madhya Pradesh. Announced earlier this week, the property is expected to open in the first quarter of 2028. This move reflects IHG's ongoing strategy to penetrate emerging industrial locations with globally recognised hospitality offerings. Positioned as a rising industrial centre, Pithampur is especially known for its automotive and pharmaceutical sectors, making it a strategic location for hospitality expansion. IHG currently operates 50 hotels in India and is planning to add 63 more in the next three to five years.Read more

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Himachal unveils massive eco-tourism push with 77 new nature-centric sites

05 Jun 2025

The Himachal Pradesh government has rolled out an ambitious eco-tourism initiative under its newly framed Eco Tourism Policy 2024, aiming to develop 77 eco-tourism sites across multiple forest circles within the next five years. The policy seeks to strike a balance between nature preservation and tourism, while boosting local employment and sustainable economic growth. Initial developments are already underway at selected sites in Shimla and Kullu, with activities like trekking, forest camping, and bird watching being promoted. Local youth are also being trained as guides and workers, and digital tools such as a trekking management system and an upcoming mobile app are being introduced to assist travellers.Read more

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IHG expands India portfolio with 110-key Crowne Plaza Lucknow

03 Jun 2025

IHG Hotels & Resorts marked a key milestone earlier this week with the opening of its 50th operational hotel in India Crowne Plaza Lucknow, comprising 110 keys. The hospitality giant reaffirmed its commitment to the Indian market by announcing a robust pipeline of nearly 70 hotels slated for launch over the next two to three years. Meanwhile, Indian Hotels Company Ltd (IHCL) entered into an agreement for a 101-key Gateway-branded hotel in Nathdwara, Rajasthan. The move supports IHCL's strategy to strengthen its presence in religious and cultural destinations across India.Read more

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Taj Hotels to launch three luxury lodges in Kruger National Park

02 Jun 2025

Indian Hotels Company Ltd (IHCL) has made a significant stride into luxury wildlife hospitality by signing agreements for three upscale lodges in South Africa's Balule Game Reserve, part of the renowned Kruger National Park. The properties include the 30-key Taj Lion Kings Hilltop Tented Camp and two intimate six-key lodges: Taj Lion Kings Bush Lodge and Taj Lion Kings River Lodge. This expansion under the iconic Taj brand underscores IHCL's commitment to responsible tourism, aiming to provide guests with an immersive, authentic nature experience. Partnering with OM USA LLC further supports IHCL's vision of combining luxury with ecological sensitivity in a globally acclaimed wildlife destination.Read more

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Oyo acquires Australian short-term rental firm MadeComfy in strategic cash-and-stock deal

30 May 2025

Oyo-owned Belvilla has acquired Australian short-term rental-platform MadeComfy in a cash-and-stock deal, issuing shares worth USD 1.9 million (INR 16 crore) upfront and USD 9.6 million (INR 81 crore) in deferred-stock, valuing Oyo at USD 5 billion (INR 42,500 crore). MadeComfy, founded in 2015, manages 1,200+ assets across Australia, New Zealand and earned USD 9.6 million (INR 81 crore) in 2024. Belvilla operates 50,000 homes in 20 European countries. Oyo also acquired G6-Hospitality in 2024 for USD 525 million. Founder Ritesh Agarwal projects FY26 profit of INR 1,100 crore, citing 60% YoY revenue-growth.Read more

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ITC Hotels expands presence in Uttar Pradesh with new Welcomhotel in Vrindavan

29 May 2025

ITC Hotels announced the signing of a Welcomhotel property in Vrindavan, Uttar Pradesh, marking the brand's entry into a significant pilgrimage destination. This new development strengthens ITC Hotels' foothold in the state, adding to its existing portfolio of six operational hotels with 479 rooms and more properties planned across various brands. Strategically located 90 km from Noida International Airport along the Delhi-Agra Highway, the upcoming Welcomhotel will offer 120 guest rooms, catering to the increasing demand driven by the surge in domestic spiritual and cultural tourism across India.Read more

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Radisson Hotel Group accelerates expansion with five new hotels across India

29 May 2025

Radisson Hotel Group recently announced the launch of five new hotels across diverse Indian locations, including Jamshedpur, Bengaluru's Yelahanka, Shimla's Koti, Punjab's Gaj, and Prayagraj. This expansion reflects the group's adaptive growth strategy tailored to India's evolving hospitality market. Radisson's approach focuses on leveraging its varied brand portfolio to establish meaningful local partnerships while ensuring world-class service. The company is broadening its reach to capture multiple traveller segments, from corporate visitors in tier II cities to leisure and spiritual tourists, underscoring its intent to deepen its presence across both industrial and leisure destinations.Read more

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