Viceroy Hotels Board Approves ₹107 Crore Rights Issue for Strategic Funding
The Board of Directors of Viceroy Hotels Ltd has approved a proposal to raise capital up to ₹107 crore through a rights issue of equity shares. This fund-raising initiative is intended for existing shareholders and involves the formation of a dedicated committee to oversee the issuance process.
Taj GVK to Launch 256-Key Taj Yelahanka in Bengaluru by September 2026
Taj GVK Hotels & Resorts is expanding its luxury footprint with the upcoming 256-key Taj Yelahanka in North Bengaluru. This strategic move aims to capture high demand from corporate travel and the MICE segment in one of India's fastest-growing hospitality markets.
Samhi Hotels Beats Revenue Guidance with 12.3% FY26 Growth and ₹2,200 Cr Capex Plan
Samhi Hotels outperformed its annual revenue guidance, reaching ₹1,279 crore in FY26 despite significant geopolitical disruptions. The company is now entering a phase of free cash flow compounding, supported by a massive ₹2,200 crore development pipeline and strategic global partnerships.
Samhi Hotels Reports 12.3% Income Growth in FY26; Targets 60% Upscale Revenue Share
Samhi Hotels delivered a resilient performance in FY26, reporting a 12.3% increase in total income and significant progress in its deleveraging strategy. The company is actively pivoting its portfolio toward the high-margin upscale segment while integrating the RARE India acquisition to capture the growing experiential leisure market.
Brigade Hotel Ventures to Invest ₹3,600 Crore to Double Portfolio by 2031
Brigade Hotel Ventures Limited has launched its Vision 2031 strategy, committing a capital investment of ₹3,600 crore to double its room inventory. The expansion plan includes adding 1,700 new keys over the next five years, with a dedicated ₹1,000 crore outlay specifically for projects in Karnataka.
Espire Hospitality Signs JW Marriott Vrindavan; Expands Portfolio to 20 Properties
Espire Hospitality Limited has signed a management agreement with Marriott International for a new 151-key 'JW Marriott Resort & Spa' near Vrindavan. The company also announced five additional hotel signings in major Indian hubs, increasing its total property portfolio to 20 units.