Bloom's revenue surged to INR 357.5 crore in FY 2024-25, growing sixfold in three years from INR 58 crore in FY22. EBITDA reached INR 75.01 crore, and PAT stood at INR 15.2 crore. The brand emphasizes capital efficiency, selective hotel onboarding, and a room-focused approach, with 85 per cent of revenue coming from room bookings. After achieving breakeven, Bloom aims to grow revenue and profit steadily at 30-35 per cent annually, with plans to expand from Tier 1 to Tier 2 and Tier 3 cities and scale its portfolio to 25,000 rooms.Read more

Hilton has partnered with MKR Estate Developers to establish the 195-key Hilton Chennai Egmore, part of a mixed-use project with office spaces, set to open in January 2029. The hotel aims to meet growing demand for premium corporate and social hospitality in Chennai. In Uttar Pradesh, Radisson Hotel Group opened the 80-key Park Inn by Radisson Lucknow Vikas Nagar and the 108-key Radisson Hotel Prayagraj. Both groups are strategically expanding in key urban and tier-II markets, reflecting the increasing presence of global hotel brands in India's growing hospitality and tourism sector.Read more

Sugee Group has announced its much-awaited annual cultural event, 'Diwali Pahaat', to be held later this month at Ravindra Natya Mandir, Prabhadevi. Marking the musical dawn of the Diwali festivities, the celebration will feature over 50 distinguished artists, including Padmashri Suresh Wadkar, Rahul Deshpande, Vaishali Samant, and others, offering an enchanting morning of classical, folk, and contemporary music.Read more

International hospitality brand Radisson Group announced plans to expand its presence across Uttar Pradesh with eight new hotels, driven by the state's rising tourism appeal. During the inauguration of its new five-star property, Radisson Prayagraj, company executives shared that the group would also introduce a Park Inn mid-segment hotel next year. Developed in collaboration with the Presidency Group, Radisson Prayagraj marks Radisson's tenth hotel in the state and represents an investment of INR 220 crore.Read more

CITTA, an emerging homegrown brand in the baby care and beauty sectors, has witnessed significant success across South India, which now contributes around 72% of its total revenue. Since commencing operations in the region earlier this year, the company has expanded across Telangana, Andhra Pradesh, Karnataka, and Kerala, strengthening its distribution network, retail presence, and brand visibility through strategic campaigns and collaborations.Read more

M3M India has completed its high-street retail project, M3M Route 65, in Gurugram, with an investment of INR 800 crore. The four-acre development features 564,000 sq ft of commercial space, with retail handovers set to start later this month and full operations expected by March next year. While the company has not clarified whether the spaces have been sold or leased, this marks its 10th retail project. The development adds a significant high-street retail option in Gurugram, supporting both established and emerging businesses in the city's commercial hub.Read more

Eco Hotels and Resorts successfully raised INR 19.57 crore through a rights issue that saw subscriptions nearly 1.6 times the planned size. The issue, offered at INR 15.2 per share in a 1:4 ratio, received bids for over 2 crore shares against the proposed 1.28 crore shares. The company plans to deploy the funds for long-term hotel property leases, construction advances, security deposits, and general corporate purposes. Leadership emphasized the strong shareholder support as a sign of confidence in the company's growth and strategic plans, aiming for 5,000 keys by 2030.Read more

Parsvnath Developers Ltd, in partnership with Unity Group, has fully leased the 3 lakh sq ft retail space at their newly completed shopping mall, Unity One Elegante, located in Netaji Subhash Place, Delhi. Developed through a joint venture, Unity Parsvnaths LLP, the mall has received its Occupancy-Cum-Completion Certificate from the Delhi Development Authority and is set to become operational soon. Parsvnath continues to expand its presence across 37 cities in 13 states while focusing on new commercial developments. The company posted a consolidated net loss of INR 347.27 crore in the latest fiscal, with income declining to INR 303.45 crore.Read more

The Tripunithura municipal council has reopened the tender process to lease out two malls that have remained largely inactive since their opening over five years ago. Built at a combined cost of INR 18.5 crore, the malls T K Ramakrishnan Memorial Mall and A G Raghava Menon Mall failed to attract tenants during earlier rounds. Due to repeated challenges, the council reclassified them as commercial buildings and set minimum rent and deposit terms. An audit earlier had flagged revenue loss from their prolonged dormancy, prompting this renewed move. Local traders are being encouraged to bid.Read more

IHCL has launched Gulab Haveli, Mandawa - IHCL SeleQtions, a 17-room heritage property in Rajasthan that retains its 19th-century architectural essence. The restoration incorporates frescoes, low doorways, arches, and a central courtyard. The hotel offers a dining venue inspired by the Silk Route (Resham), a relaxed bar (Amal), a rooftop pool, and a Hammam Spa. IHCL frames the new property as an effort to preserve India's cultural heritage while providing modern hospitality, aligning with Mandawa's legacy of art and historic architecture.Read more