Tag
Hospitality
23 articles
India’s hospitality sector is experiencing robust growth and strategic shifts, fueled by rising domestic tourism and ambitious expansion plans. DS Group announced a significant investment of ₹400 crore to develop a W Hotels property near Delhi, aiming to double its room inventory by 2029, reflecting the sector’s potential given India’s low hotel penetration rate. Meanwhile, companies like Espire Hospitality are reporting record revenue and EBITDA, while others, such as IHCL and Lemon Tree Hotels, are achieving best-ever financial results with substantial revenue and profit growth, alongside strategic acquisitions and portfolio expansions. These developments, alongside Prestige Group's partnership to create a convention hub near Bengaluru airport, suggest a positive outlook for the sector, though companies like Advent Hotels and Saboo Sodium Chloro are facing losses, highlighting the varied performance within the industry.
DS Group to Open Rs 400 Cr W Hotel
DS Group announced a partnership with Marriott International to develop a 200‑room W Hotels property near IGI Airport, slated for H2 2027.
The project entails an estimated investment of Rs 400 crore,
HC Rejects Revisional Application vs Sago Hotel
The Calcutta High Court dismissed revisional application CO/15/2026 filed by Malati Mallick et al. against Sago Hotel Pvt Ltd.
The court ruled that a dismissal for limitation delay is itself appealabl
Gujarat Hotels Board Meeting for Q1 FY27 Results
Gujarat Hotels Ltd convenes board meeting on 9th July 2026 to approve unaudited Q1 FY27 financial results.
Disclosure made under SEBI Listing Regulations Regulation 29 compliance requirements.
Company
Velan Hotels Sells Tirupur Property for ₹37.16 Crore
Velan Hotels Ltd completed the sale of its Tirupur hotel property to J.P. Associates Asia Pacific Private Ltd on July 2, 2026.
The total sale consideration was ₹37,16,02,048, subject to applicable TDS
Lords Ishwar Hotels Announces SEBI Physical Share Transfer Window
Lords Ishwar Hotels Ltd notified BSE of a special window for re-lodging physical share transfer deeds, per SEBI circulars dated July 2025 and January 2026.
Multiple banks and NBFCs published possessio
Park Hotels Receives ₹41.07 Crore Tax Demand
Apeejay Surrendra Park Hotels received an income tax demand order of ₹41.07 crore for AY 2024-25.
The demand results from disallowances under Sections 37(1), 40(a)(ia), 68, 69C, and 35D of the Income-
Ventive Hospitality July 6 Dubai Investor Conference
• Ventive Hospitality will attend an in-person Non-Deal Roadshow in Dubai on July 6, 2026.
• The company confirms no unpublished price sensitive information will be shared during the event.
• This int
Emerald Leisures 92nd AGM Approves ₹100 Cr Transactions
Emerald Leisures schedules 92nd AGM on July 23, 2026 via VC/OAVM with book closure from July 17-23, 2026.
AGM agenda includes re-appointment of directors Nikhil Mehta and Jashwant Mehta, and approval
Vikram Kamats Hospitality Submits Revised Auditor Report
Vikram Kamats Hospitality submitted a revised auditor report on consolidated financial results for Q4/FY26 to BSE in response to a format compliance query.
The revision was prompted by a BSE email dat
Indian Hotels 125th AGM Approves ₹3.25 Dividend
The Indian Hotels Company Limited held its 125th Annual General Meeting virtually on June 30, 2026, which lasted 2 hours and 8 minutes.
Shareholders approved all six resolutions, including a dividend
Benares Hotels FY26 Net Profit Flat at ₹432.4 Crore
Benares Hotels Limited filed its Annual Report for FY 2025-26, reporting a flat net profit of ₹4,323.89 lakhs and recommending a dividend of ₹25 per share.
The 55th AGM will be held virtually on July
Espire Hospitality FY26 Revenue Hits Record ₹141 Crore
Espire Hospitality reported record FY26 revenue of ₹14,106 lakhs, up 17% YoY, and EBITDA of ₹3,190 lakhs, up 38% YoY.
Q4-FY26 revenue grew 19% to ₹4,873 lakhs with EBITDA up 34% to ₹1,096 lakhs, drive
Asian Hotels East Board Meeting on July 9
Board meeting scheduled for July 9, 2026 to approve audited standalone and consolidated FY2026 results.
Board will consider recommending dividend for the financial year ended March 31, 2026.
Trading w
Saboo Sodium Chloro FY26 Net Loss ₹351.30 Lakhs
Saboo Sodium Chloro reported audited FY26 net loss of ₹351.30 lakhs versus ₹314.50 lakhs profit in previous year.
Board re-appointed Jagdish Kumawat as CFO and renewed RTA and internal auditor appoint
Prestige Group and BACL Unveil Bengaluru Airport Convention Hub
Prestige Group partners with Bengaluru Airport City Limited to develop a landmark integrated convention and hospitality destination within Bengaluru Airport City.
The development includes a state-of-t
Espire Hospitality FY26 Net Profit Drops 1.8% YoY
Espire Hospitality board approved audited standalone FY26 results with net profit of ₹812.39 lacs, a 1.8% decrease from previous year.
Revenue from operations grew 12.3% to ₹13,424.61 lacs for FY26, w
Advent Hotels FY2026 Standalone Loss ₹442 Lakh
Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, reporting a standalone net loss of ₹442.22 lakh.
Dissolved the voluntarily constituted Risk Man
EIH Limited FY26 Results: Record EBITDA Despite Geopolitical Challenges
EIH Limited reported its FY26 audited results with consolidated revenue growth of 8% and record EBITDA, despite significant geopolitical and operational headwinds.
The company maintained strong cash r
IHCL Reports Record FY26 Revenue ₹9,971 Cr, PAT ₹2,084 Cr
IHCL achieved best-ever financial performance with consolidated revenue of ₹9,971 crores (up 16% YoY) and PAT of ₹2,084 crores, while expanding portfolio to 630 hotels including 255 in pipeline.
The c
Lemon Tree Hotels FY26 Record Results & Demerger Update
Lemon Tree Hotels reported its best-ever FY26 performance with revenue at ₹1,452.7 Cr (up 13% YoY) and PAT at ₹288.3 Cr (up 19% YoY).
The company provided a detailed update on its composite demerger s
Oberoi Realty Reports 15% FY26 Revenue Growth, Dividend
Oberoi Realty reported 15.16% consolidated revenue growth to ₹6,30,427 lakh and 12.75% profit increase to ₹2,50,764 lakh for FY2025-26.
The company declared four interim dividends totaling ₹8 per shar
Chalet Hotels Board Approves Promoter Group Reclassification
Chalet Hotels board approved reclassification of Content Properties and Sycamore Properties from Promoter Group to Public category.
Both entities hold zero shares in the company, meeting SEBI Listing
Taj GVK Promoters Release 8.93% Pledged Shares
Taj GVK Hotels & Resorts discloses promoter pledge release of 56,03,120 shares upon partial loan repayment.
Pledged shares reduced from 23.73% to 14.80% of total company share capital.
Disclosure made