Hotel Palacio hospitality plans to fan out across the Eastern India and invest close to Rs 800 Crore in next 10 years

Guwahati: While large number of star category hotels are making beeline for setting up hotels in Northeast India, home grown Hotel Palacio hospitality plans to fan out across the Eastern India and invest close to Rs 800 Crore in next 10 years.

Palacio announced the launch of its second property in Guwahati at Paltan Bazar. With this addition, the brand now operates three properties overall — two in Guwahati and one in Alipurduar.

Anup Poddar, Chairman, Poddar Group unveiled a Rs 800 crore expansion roadmap, with plans to develop 10 properties over the next decade, primarily focused on the Northeast while remaining open to opportunities across key markets in India. The group also come up with a hotel in Kolkata.


Poddar said, “Hotel Palacio is a brand that has been built in Assam, and that is something we take great pride in. Over the years, we have seen the Northeast evolve significantly — with rising aspirations, better connectivity, and increasing demand for quality hospitality experiences. Our focus has been to grow alongside this change in a thoughtful and consistent manner. Our larger vision is to build Palacio into one of the most respected hospitality brands to emerge from Assam, while staying rooted in the region’s identity and values.”

He added, “Guwahati has played a central role in our journey so far, and expanding within the city was a natural next step. Paltan Bazar, given its strategic location, allows us to cater to both transit and destination travellers, while strengthening our presence in the business and events segment.”

He said, “We are building a model that combines owned assets with hotel management agreements and lease structures, allowing us to expand in a flexible and sustainable way. With our upcoming projects, including the Hyatt Regency Gangtok currently under development, we are working towards building a well-rounded hospitality portfolio across segments and markets.”

Poddar said that India’s hospitality growth is increasingly being driven by emerging cities, supported by improving infrastructure, rising disposable incomes, and expanding tourism circuits. Founded in 2015, Hotel Palacio is a hospitality brand headquartered in Assam.