Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Hospitality & Retail

IHCL crosses 250 hotels in India, eyes 700 properties by 2030

Indian Hotels Company Ltd (IHCL), part of the Tata Group, has crossed the milestone of 250 operational hotels in India, offering a total of 25,500 rooms. In the first half of the current fiscal year, the company signed 46 properties and opened 26 hotels, including locations like Darjeeling, ECR Chennai, Pondicherry, Mohali, and Kruger National Park in South Africa. Executives highlighted that these additions reflect consistent progress under the company's "Accelerate 2030" plan. IHCL is on track to expand its portfolio to 700 hotels by 2030, strengthening its presence across domestic and international markets.Read more

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ITC Hotels to expand in Andhra Pradesh and Telangana with two new Welcomhotels

ITC Hotels has partnered with DSR Hospitality Services to open two new managed hotels under its Welcomhotel brand in Hyderabad and Nellore. The Hyderabad Panjagutta property will have 117 rooms, while the Nellore hotel will feature 127 rooms. This expansion strengthens ITC Hotels' presence in Andhra Pradesh and Telangana, supporting the company's strategic growth into new cities. Leadership stated that the partnership reflects the group's commitment to increasing its footprint across India while maintaining high standards of service and hospitality for both business and leisure travelers.Read more

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OYO Assets plans to acquire 12 hotels to expand premium and mid-premium portfolio

OYO Assets, also known as Sunday PropTech and backed by PRISM, has announced plans to acquire 12 hotels during the second half of the current financial year as part of its effort to grow its premium and mid-premium hospitality portfolio. The company mentioned that seven of these properties are already in advanced stages of acquisition. The funding for these acquisitions will come through a combination of debt and equity, supported by PRISM Life, SoftBank, and a consortium led by InCred and Analah. The move aligns with OYO's strategy to strengthen its presence in key hotel segments.Read more

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DLF denies water shortage at Vasant Kunj malls, says operations remain normal

DLF has addressed reports suggesting water supply issues at its Vasant Kunj malls, DLF Promenade and DLF Emporio. The company confirmed both malls have sufficient water supply and have implemented robust contingency measures. Teams are coordinating with authorities to ensure uninterrupted operations, particularly during the ongoing festive season. Delhi Jal Board officials have confirmed that any earlier supply disruptions, linked to water tanker delivery, have now been resolved, highlighting effective collaboration between the malls and local authorities.Read more

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Andaman invites bids for 5-star eco-tourism resorts

ANIIDCO has received strong interest from hospitality developers and investors for 5-star eco-tourism resorts under a PPP model in the Andaman and Nicobar Islands. Projects include Megapode Resort redevelopment and first-time tourism on uninhabited Aves Island, featuring 50 luxury rooms and adventure activities. Additional plans cover 14 more islands, including Long Island, Smith Island, and Shaheed Dweep, with substantial investments. Aligned with the Holistic Development of Islands framework, these projects follow global sustainability standards, aim to attract high-end tourists, create local employment, and position the islands as a global destination for eco-friendly tourism.Read more

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Tech-led hotel brand Bloom grows sixfold in three years, logs INR 357 crore revenue

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

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Hilton and Radisson expand presence with new hotels in Chennai and Uttar Pradesh

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

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Sugee Group to celebrate Diwali Pahaat with a grand musical dawn featuring renowned artists

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

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Radisson to expand footprint in Uttar Pradesh with eight upcoming hotels

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

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CITTA strengthens foothold in South India as regional markets drive major share of revenue

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

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