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MIDSCALE HOTEL CHAINS
Espire Hospitality posts revenue of Rs 141 crore for FY26, PAT at Rs 8 croreEspire Hospitality has achieved a landmark financial year 2026, reporting Rs 141 crore in revenue, a 17% increase, and Rs 8 crore in profit...- India among Marriott's fastest-growing markets; footprint to double in 5 yearsMarriott International sees India as a key growth market. The company plans to double its hotel presence in India within five years. This e...
- Tourism and hotel sector stocks: Time for a correction in business? Are analysts getting it wrong? 15 stocks from the ecosystemThe Indian hotel and tourism ecosystem has benefitted from the post-Covid travel urge. Occupancies were high, room rates firm, supply is, i...
- Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 29%In the initial phase of recovery, because every stock was beaten down, we may see a rally with good market breadth. But, over time, stocks ...
- Zepto, Dhoot Transmission among 6 companies to secure Sebi's nod for IPOAs many as six companies, including quick commerce unicorn Zepto and auto components manufacturer Dhoot Transmission, have secured Sebi's a...
- Hilton announces strategic agreement with Royal Orchid Hotels for 125 New Hampton by Hilton HotelsRoyal Orchid Hotels and Hilton are embarking on a partnership, planning the launch of 125 Hampton by Hilton hotels across India. Targeting ...
- IHCL portfolio to cross 550 hotels with 55,000 rooms post acquisitionsTata Group's IHCL is set to expand its portfolio to over 550 properties with 55,000 rooms through acquisitions of controlling stakes in ANK...
- Brigade Hotel Ventures files DRHP for Rs 900 crore IPOThe company entered the hospitality sector in 2004 with the launch of its first property, Grand Mercure Bangalore, which commenced operatio...
- Brigade Hotel Ventures files DRHP for Rs 900 crore IPOBrigade Hotel Ventures has filed a DRHP to raise Rs 900 crore via IPO, targeting debt repayment, acquisitions, and expansion of its hotel p...
- Lemon Tree Hotels shares jump 3% on signing licensing agreement for new propertyLemon Tree Hotels' shares rose 3% after announcing a new property on Mira Road, Mumbai, set to open in FY 2026. Managed by Carnation Hotels...
- Our brands have a style and energy of their own: Apeejay Surrendra Park Hotels chairpersonThe chain that runs hotels under THE Park brands across segments such as luxury boutique, upscale and upper midscale, currently has 30 hote...
- Why midscale hotel chains are snapping up standalone propertiesTravellers often prefer midscale hotels as they offer a balance between affordability and quality, says Chander Baljee, CMD, Royal Orchid H...
- Lemon Tree Hotels makes decent debut, lists at 10% premium over issue priceThe company opened its first hotel with 49 rooms in May 2004.
- Lemon Tree Hotels IPO subscribed 1.19 timesThe total bids received stood at 15,49,20,060 shares against total issue size of 12,98,35,580.
- Lemon Tree Hotels IPO subscribed 44% on Day 2nvestors bade for 3,87,94,145 shares as against the total issue size of 12,98,35,580.
- Lemon Tree looks east for expansionSome of these locations include places like Ahmedabad, Aurangabad, Aligarh, Alwar, Bandhavgarh, Bengaluru, Bhiwadi, Chandigarh, Chennai, Co...
- Hilton Worldwide targets Millenials with new midscale brand 'Tru by Hilton'Hilton Worldwide has launched a new midscale brand called 'Tru by Hilton'. The brand, is targeted at the "cost-conscious" travelers, with r...
- AccorHotels to run Blue Rock’s Dwarka property under Mercure brand“Every hotel chain is looking for an entry into the religious destinations and industrial hubs which lack good quality hotel rooms,” said R...
- Apeejay Surrendra Park Hotels launches ‘Zone by The Park’ in JaipurThe 47-key property offers varied food and beverage options along with a gym, business centre and banquet hall for weddings and conferences
- Luxury hotels shift focus to mid-market brandsWhile a luxury hotel costs at least Rs 1 crore per room, a mid-market brand can be constructed for around Rs 30-35 lakh per room.
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