13 May 2025

Minimalist Hotels, one of India's premier lifestyle hospitality brands, is set to expand its footprint by launching 20 new properties in major urban centers over the next two years. With a goal to raise INR 20 crore, the brand aims to redefine mid-market hospitality through thoughtfully designed spaces and locally rooted experiences. Operating across 200,000 square feet, it will soon scale to nearly 1 million sq. ft. Minimalist has already served over 1.5 lakh guests, reflecting its growing appeal. The brand fosters a profound appeal with today's experience-driven travelers by integrating modern aesthetics, cultural context, local expertise, and carefully crafted community experiences.Read more

12 May 2025

OYO has claimed the title of the most profitable Indian startup, achieving a profit after tax (PAT) of INR 623 crore for the financial year 2024-25, according to a recent town hall held by Founder Ritesh Agarwal. The company's PAT surged by 172 per cent from the previous fiscal, while adjusted EBITDA grew by 27 per cent to INR 1,132 crore. Additionally, OYO's earnings per share (EPS) rose by 158 per cent to INR 0.93. The travel tech platform reported a 54 per cent increase in Gross Booking Value (GBV) to INR 16,436 crore, driven by its Company-Serviced Portfolio, including Townhouse Hotels and Sunday Hotels. The fourth quarter of FY25 witnessed a substantial 126 per cent rise in GBV to INR 6,379 crore.Read more

07 May 2025

Equity International exited its investment in SAMHI Hotels after a 14-year partnership. The firm began investing in SAMHI in 2011 and helped the company grow into a leading hotel platform in India, operating 34 hotels under international brands with three more under development. The exit was completed in three phases: 49.8% of its stake was sold during SAMHI's IPO in September 2023, 27% in March 2024, and the remaining 23.2%, equal to 8,721,414 shares, was sold in April 2025. The final sale ends Equity International's involvement, in line with its strategy of disciplined monetisation, and SAMHI is now positioned for continued growth.Read more

06 May 2025

Phoenix Mills, India's leading mall operator, has announced plans to expand its retail portfolio to over 14 million sq ft by 2027, with a target of 18 million sq ft by 2030. The company aims to achieve this growth by adding new spaces in cities such as Kolkata, Surat, Coimbatore, Thane, and Chandigarh. In the fiscal year 2025, Phoenix Mills invested approximately INR 2,600 crore in acquiring development potential and construction across various projects. The company plans to continue its expansion by investing INR 1,200 crore to INR 1,300 crore annually.Read more

05 May 2025

Townhouse Cafe' Quick Service Restaurant (QSR) carts and in-house kitchens are being introduced in OYO's company-serviced hotels as part of its expansion into the food and beverage industry. This initiative follows a successful pilot across 100 hotels and aims to roll out to 1,500 properties in the fiscal year 2025-26. The move is expected to enhance guest satisfaction and contribute an additional 5-10% to hotel-level revenue. The company is also establishing a network of trusted F&B experts in key cities to support this expansion.Read more

29 Apr 2025

The Greater Cochin Development Authority (GCDA) is set to finalize the construction of a new shopping complex in Kakkanad, following the demolition of the 50-year-old Kakkanad Commercial Hub. The upcoming five-story building, encompassing 18,000 sq ft, will include retail shops, office spaces, a meeting hall, restrooms, and elevator facilities. The basement will be dedicated entirely to parking, featuring separate entry and exit routes. Temporary accommodations are being arranged for displaced shop owners during the construction phase.Read more

29 Apr 2025

Singapore's sovereign wealth fund GIC has partnered with Indian hotel asset manager SAMHI Hotels to create a new USD 300 million hospitality investment platform. The collaboration, initiated earlier this week, aims to develop upscale hotel properties across India, starting with a portfolio of five assets in Bengaluru and Pune. GIC will acquire a 35% stake in three subsidiaries of SAMHI, while the investment will be used both to pare down SAMHI's existing debt and finance a new hotel development. This marks a major step towards consolidating premium hotel assets in India's growing hospitality sector.Read more

21 Apr 2025

Hyatt Hotels plans to expand its India footprint from 50 to 150 properties over the next five years, tapping into the country booming luxury hospitality market. With six new hotels set to open in 2025, including in Kochi and Jaipur, the brand aims to cater to rising demand driven by big-ticket weddings, spiritual tourism, and mega-events. Leveraging an asset-light model, Hyatt will focus on management partnerships to grow across both metros and emerging destinations like Varanasi and Tirupati. As India becomes the fourth-largest hospitality market globally, Hyatt's strategy reflects its confidence in the country's expanding middle class and travel infrastructure.Read more

18 Apr 2025

Marriott Hotels has launched a 226-room property in Udaipur, marking another step in its tier-II city expansion. Part of the Marriott Bonvoy portfolio, the hotel targets rising tourist and wedding demand in the heritage-rich 'City of Lakes.' This follows similar openings in Goa, Shimla, and Mussoorie. Marriott's regional VP Ranju Alex noted Udaipur's appeal for both domestic and international travellers. As global hotel chains like Hilton and Accor enter smaller cities, Udaipur is also witnessing growing interest in resort-style villas and mixed-use developments, highlighting a hospitality-led trend in real estate around emerging tourist destinations.Read more

18 Apr 2025

DLF is set to expand its retail portfolio by opening three shopping malls in Goa, Delhi, and Gurugram by the end of FY26. With a combined space of approximately 14 lakh square feet, the developments aim to tap into the growth of organised retail in India. DLF's senior executive, Pushpa Bector, highlighted key projects like 'DLF Midtown Plaza' in Moti Nagar, 'DLF Summit Plaza' in Gurugram, and a large mall in Goa. The company is optimistic about the retail sector's post-COVID recovery, particularly the rise of F&B spaces in malls.Read more