The investment will take place across three tranches and will combine a primary capital infusion into PHVL with a secondary purchase of shares from Prestige Estates Projects. Consequently, the transaction will provide both fresh capital to PHVL and proceeds to its parent company.

Under the first tranche, Prestige Estates will receive ₹950 crore by selling equity shares in PHVL to CPP Investments. At the same time, PHVL will raise another ₹550 crore by issuing Series A compulsorily convertible preference shares to CPP Investments.

Furthermore, PHVL will raise ₹750 crore each through the issuance of Series B and Series C compulsorily convertible preference shares under the second and third tranches, respectively.

Overall, Prestige Estates will receive ₹950 crore through the secondary share sale, while PHVL will secure ₹2,050 crore in fresh capital through the primary investment.

Following the completion of the transaction, CPP Investments will receive certain governance and affirmative voting rights in PHVL. Additionally, the transaction documents will provide CPP Investments with exit options through either an initial public offering of PHVL or a put option against Prestige Estates and PHVL after five years from the transaction’s completion.

CPP Investments said the transaction represents its first direct investment in India’s hospitality sector. Meanwhile, PHVL owns and develops luxury and premium hotels and maintains a development pipeline across Bengaluru, Chennai, Delhi, Goa, Hyderabad, and Mumbai.

Separately, Prestige Estates Projects said it has issued a corporate guarantee for a loan facility of up to ₹400 crore that PHVL will avail from Axis Bank. The company has provided the guarantee to secure the borrowing of its wholly owned hospitality subsidiary.

The newly signed properties span Kolhapur, Karjat, Pune, Jaisinghpur, Indapur, Goa, Zirakpur, and Angul. Consequently, Spree Hospitality will strengthen its footprint across established commercial hubs as well as emerging leisure and destination markets.

Moreover, most of these properties are expected to commence operations within the next six months. The company will therefore focus on preparing each property for a smooth launch while working closely with its hotel partners and operating teams.

Spree Hospitality is pursuing an asset-light growth model that centres on long-term partnerships with hotel owners. Through this approach, the company will bring its operating systems, brand standards, distribution network, and guest-centric practices to the newly signed properties.

In addition, the latest signings will expand the company’s presence across Maharashtra, Goa, Punjab, and Odisha. The properties will cater to a combination of business travellers, leisure guests, and destination-driven demand across these markets.

Sagar Khurana, Chief Operating Officer, Spree Hospitality, said, “Signing eight new properties in a single quarter is encouraging for us, but what is equally important is the quality of the partnerships we are building and the markets we are entering.

Our focus has always been on growing responsibly and building long-term relationships with our hotel partners. With most of these properties expected to open within the next six months, our immediate priority will be to work closely with our partners and teams to ensure smooth openings and establish each hotel strongly in its respective market.

As we continue to expand, we remain committed to our philosophy of DO MORE—for our guests, our hotel partners, and our people.”

Meanwhile, Spree Hospitality said the latest signings will further strengthen its operating platform across India. At the same time, the company will continue to prioritise hotel-owner partnerships and asset-light expansion as it grows its portfolio.

With the new property, Eco Hotels has surpassed 280 operational rooms. Furthermore, the company plans to add a 52-room property in Chhatrapati Sambhaji Nagar in October and a 16-room boutique hotel in Ayodhya within the next 45 days. These additions could take the company’s portfolio to approximately 350 rooms ahead of Diwali.

Located on Nagar Manmad Road in Nimgaon, Korhale, Shirdi, Eco Satva Shirdi caters to travellers visiting the prominent pilgrimage destination. The property combines accommodation with a range of leisure and dining facilities designed to serve both pilgrims and other visitors.

The hotel features a swimming pool and several food and beverage outlets. These include Sahar, the company’s pure vegetarian Satvik restaurant, along with a rooftop restaurant and bar, EcoSip Café, and Pan Asian and Continental dining options.

The launch supports Eco Hotels & Resorts’ broader expansion strategy across pilgrimage, leisure, and business destinations. Moreover, the company is targeting markets with consistent travel demand and plans to develop properties according to the specific needs of each destination.

Shirdi attracts pilgrims throughout the year, and Eco Hotels plans to strengthen its presence in the market through the new property. The company expects the destination’s sustained visitor activity to support its hospitality operations.

Vinod Kumar Tripathi, Executive Chairman, Eco Hotels & Resorts Limited, said, “The launch of Eco Satva Shirdi is an important milestone in our expansion strategy. Shirdi has significant potential as a year-round pilgrimage and tourism destination, and we see an opportunity to build a strong hospitality presence by offering comfortable accommodation and differentiated food and beverage experiences. Our focus is on creating a scalable business platform that can support the company’s next phase of growth.”

Meanwhile, Vikram Doshi, Director Finance and CFO, Eco Hotels Group, said, “Shirdi is not only an important spiritual and pilgrimage destination but is also emerging as a promising business hub, with the Government of Maharashtra focusing on developing the region through the introduction of a new MIDC. With the growing economic and spiritual activity in the region, Eco Hotels is confident of driving stronger occupancy and improving ARR at the property.”

Vellore has developed into a significant hub for healthcare, education, and business travel, supported by institutions such as Christian Medical College (CMC) and Vellore Institute of Technology (VIT). The city also benefits from its proximity to Ranipet, a major industrial centre in the region. Against this backdrop, the new hotel provides convenient access to important destinations across Vellore and its surrounding areas.

Speaking about the launch, Ramesh Siva, Founder & Managing Director, Grand Continent Hotels Limited, said, “Vellore is an important market for us because of the diverse travel it attracts. The city sees a steady movement of people for healthcare, education, and business as well as leisure, creating demand for comfortable and reliable accommodation across segments. With the launch of our 32nd property, we are further strengthening our presence in South India while continuing to expand into markets where we see sustained demand. Our focus remains on building a well-connected portfolio across business, healthcare, pilgrimage, and leisure destinations, while maintaining consistency in service and guest experience.”

With the Vellore opening, Grand Continent Hotels now operates 32+ hotels across 20+ cities with more than 2,000 keys. The company continues to expand through an asset-light, lease-led business model, with properties serving business, pilgrimage, and leisure markets across India. Additionally, its portfolio includes an international presence in the USA and Dubai.

Grand Continent Premier – Vellore offers 50 rooms across Deluxe Twin, Deluxe King, and Family Room categories. The hotel combines contemporary accommodation with facilities designed to serve both individual guests and larger groups.

For dining, the property features Flavours, an 80-cover multi-cuisine restaurant serving Indian and international dishes. The restaurant also provides Jain meal options. In addition, guests can visit Unwind Bar, an 80-cover bar designed for socialising and relaxation.

The hotel also provides dedicated spaces for meetings, conferences, and social occasions. Its Boardroom accommodates 15–20 guests, while Blossom 1 & 2 can host up to 200 guests in theatre-style seating and can also operate as separate halls. Meanwhile, Blossom 3 accommodates up to 60 guests in theatre-style seating, making the event spaces suitable for corporate meetings as well as social gatherings.

The hotel’s location also provides connectivity to several prominent destinations in Vellore. Vellore Institute of Technology (VIT) and Christian Medical College (CMC) are approximately 4 km away, while Katpadi Railway Station is around 5 km from the property.

Furthermore, the Sripuram Golden Temple is approximately 12 km away, while Amirthi Zoological Park and Ranipet are around 25 km from the hotel. Chennai Airport is approximately 125 km away, providing an additional connectivity option for travellers arriving from outside the region.

The opening will mark the jüSTa brand’s fourth property in Udaipur and its eighth hotel in Rajasthan. Currently, Onora Hospitality operates 34 hotels across 12 states and has another 16 properties under development across its portfolio, which includes jüSTa Hotels & Resorts, jüSTa Luxe, Bookmark Resorts, and Nuo by jüSTa. With these upcoming properties, the company plans to take its overall portfolio to 50 hotels.

Speaking about the opening, Ashish Vohra, Founder & CEO, Onora Hospitality, said, “Udaipur has been central to our growth, and jüSTa Luxé Monsoon Palace marks our fourth property in the city and our eighth in Rajasthan. It captures everything we set out to build under jüSTa Luxé: a setting shaped by the Aravallis, spaces designed for celebration, and the kind of comfort that lets guests slow down and take in the view. As our Group approaches a portfolio of 50 hotels across 14 states, this opening reflects the confidence our guests, owners, and partners continue to place in us and our commitment to scaling thoughtfully without losing what makes each destination distinctive.”

The new hotel features 34 rooms and suites across four categories, with every accommodation offering a private balcony overlooking either the Monsoon Palace or the surrounding Aravalli hills.

The room inventory includes 14 Premium Rooms Aravali View, 17 Deluxe Rooms Monsoon Palace View, two Aravali Suites, and one Luxury Suite with Bathtub. Meanwhile, the Deluxe Rooms Monsoon Palace View category features a king Cloud Bed, work desk, 55-inch television, and a rain shower.

For dining, the property will feature Aravalli ARQ, an all-day multi-cuisine restaurant with 30 indoor seats and 34 outdoor covers. The restaurant will serve breakfast, lunch, and dinner, while guests can also access in-room dining services.

In addition, the hotel will offer several leisure and wellness facilities. These include a 4.5-foot-deep swimming pool, the two-treatment-room Isa Spa, and a dedicated kids’ play area, providing options for relaxation and family recreation.

The property will also cater to weddings, corporate functions, and intimate celebrations. Raas Mahal spans 15,000 sq. ft. and can accommodate up to 900 guests, while Raas Bageecha provides a 40,000 sq. ft. outdoor lawn for larger events. Furthermore, the poolside area will accommodate smaller gatherings.

Guests can also access curated experiences at the property, including the Royal Arrival Experience, Signature High Tea under the Terrace Experience, and Private Candlelight Dinner.

Located close to several major attractions, jüSTa Luxé Monsoon Palace will provide guests with convenient access to Udaipur’s tourist destinations as well as the surrounding areas. Consequently, the property combines its Aravalli setting with accommodation, dining, wellness, events, and curated experiences as Onora Hospitality continues to expand its presence across Rajasthan.

Sisodia Bagh formally opened in October 2025 after the revival of a heritage property. The resort combines Rajasthani architectural influences with contemporary hospitality and occupies a location along the Jaipur-Delhi corridor, close to Jaipur’s northern heritage circuit.

The property features rooms and suites, a swimming pool, spa facilities, concierge services, and personalised guest experiences. Moreover, its location places it around 18 minutes from Amer Fort, 25 minutes from Jal Mahal, and approximately 30 minutes from Hawa Mahal and the City Palace.

Positioned as a convenient weekend getaway from Delhi, Jaipur, and nearby cities, Sisodia Bagh caters to couples, families, groups, and other leisure travellers. The property can attract more travellers seeking weekend breaks and short-stay leisure experiences.

“Jaipur continues to be one of the country’s strongest leisure markets, supported by its heritage, food, weddings, family travel, and short-break demand. Sisodia Bagh allows us to participate in that demand through a more intimate and resort-led experience,” said Abhishek Khandelwal, Co-founder and Director, Moustache Group of Hotels. “Through Luxuria by Moustache, we want to retain what is unique about each property while enhancing the personalized hospitality experience for guests. The addition also reinforces our commitment to building a stronger luxury hospitality presence across Rajasthan,” he added.

Sisodia Bagh surrounds guests with landscaped greens, courtyards, open spaces and fresh air while making wellness a key part of the guest experience. The resort provides spa services and a self-meditation corner, along with a year-round swimming pool.

The latest addition follows King’s Abode in Ranakpur, which joined Luxuria by Moustache as its ninth property in September. Subsequently, Sisodia Bagh has taken the Luxuria by Moustache portfolio to 10 properties and further expanded Moustache Group’s boutique hospitality presence across Rajasthan’s leisure circuit.

Meanwhile, Jaipur continues to serve as an important gateway to Rajasthan’s heritage and leisure destinations. The city forms one of the three destinations within India’s Golden Triangle and received UNESCO World Heritage City status in 2019.

With Sisodia Bagh now part of its Luxuria portfolio, Moustache Group of Hotels is expanding its boutique hospitality offering across Rajasthan while focusing on heritage-led destinations, personalised stays and leisure travel.

The portfolio will span multiple hospitality segments, including experiential luxury, destination resorts, faith-based hospitality, Ayurveda and wellness, five-star city hotels, and value-led business stays. Through this diversified strategy, TLE aims to serve travellers across different destinations, budgets, and travel motivations.

Samir MC, CEO, Tamara Leisure Experiences, said, “India is an extraordinary place to build hospitality because the opportunity is not concentrated in one kind of destination or one kind of traveller. Quiet luxury and spiritual travel are two of the fastest-growing currents in Indian tourism, and experiential stays sit at the centre of both. Travellers want to belong to a place, not simply pass through it.

Our ambition is to build a group that can respond to those varied needs while allowing every experience to retain its own character. A balanced owned and asset-light model, supported by technology and AI-led guest intelligence, gives us the ability to understand the traveller better, build continuity across journeys, and grow with where India is travelling next.”

For Tamara Resorts, ownership remains an important part of how the company develops properties and connects them with their surrounding communities. As part of its expansion, TLE is moving eastwards into Kaziranga, where it plans to bring its resort concept to a wildlife destination shaped by its grasslands and Assamese communities.

The company believes its ownership model gives it greater control over the pace and approach of resort development. Meanwhile, India’s luxury travel market is projected to grow at 10.8% annually through 2033, creating further opportunities for destination-focused hospitality.

TLE is also expanding its resort portfolio across South India. The company plans to launch a 24-houseboat luxury resort in Alleppey in 2026 and is developing a 50-key farm resort in Hosur.

Wellness represents another key growth segment for TLE. India’s wellness tourism market is projected to reach USD 116.3 billion by 2035, with annual growth of 15.3%.

Amal Tamara, TLE’s NABH-accredited Ayurveda hospital and retreat in Alleppey, anchors the company’s wellness portfolio. Furthermore, TLE is incorporating its Ayurveda expertise into wellness and regeneration experiences across its resort properties.

TLE has also entered Kufri through its first asset-light signing under the Lilac brand. The property will target travellers seeking slower, landscape-led experiences in the Himalayas.

Faith-based travel represents another major expansion opportunity for the company. Religious tourism accounts for 60% of domestic travel, while pilgrimage destinations currently account for 6% of India’s branded hotel keys, according to figures shared by TLE.

Rae by Tamara, the group’s faith-focused hospitality brand, currently operates hotels in Guruvayoor and Kumbakonam. The brand also plans to develop an 80-key property in Velankanni. In addition, asset-light signings in Tirupati, Tiruvannamalai, and Palani will expand its presence across temple towns in South India.

The company is also planning a 120-key hotel in Bodh Gaya while exploring opportunities in Varanasi, Amritsar, and Ajmer. Through these developments, TLE aims to cater to the changing nature of pilgrimage travel, as senior travellers, multigenerational families, and younger visitors increasingly combine spiritual journeys with cultural and wellness experiences.

In western India, TLE is exploring opportunities in Jaipur, Pune, and Ahmedabad, where business travel, leisure, culture, and domestic tourism intersect. The company is also tracking India’s growing Meetings, Incentives, Conferences, and Exhibitions (MICE) market, which is projected to expand from USD 49.4 billion in 2024 to USD 103.7 billion by 2030.

O by Tamara and Lilac will target business and leisure travellers across different markets. TLE is developing a 200-key O by Tamara in Whitefield, Bengaluru. The company also plans a 125-key Lilac and a 60-key Lilac in Kannur, while it has developed a dedicated wedding and events venue in Madurai.

Together, O by Tamara and Lilac will target opportunities across more than 100 Indian cities. The two brands will therefore complement TLE’s destination, luxury, wellness, and faith-focused hospitality offerings.

With South India as its base, TLE is expanding across diverse destinations and travel segments. Its roadmap includes Himalayan stays, wildlife resorts, pilgrimage hotels, Ayurveda and wellness properties, city hotels, and business-focused accommodation.

Overall, the company’s 40-property target reflects its strategy of building a diversified hospitality portfolio while allowing each brand to retain a distinct identity. The combination of owned and asset-light properties will support TLE’s expansion across India’s evolving travel and hospitality landscape.

Located around 30 km from Siliguri, Samthar offers a setting surrounded by forests, tea gardens, and Himalayan landscapes. Unlike established hill stations in the region, the destination remains relatively underexplored and provides opportunities for nature-led and slow travel, hiking, and birdwatching.

The upcoming property will feature 24 rooms facing Kanchenjunga, with each room offering a private balcony. In addition, the resort will include an in-house restaurant, private lawn, tea garden, children’s play area, common sitting spaces, and extensive outdoor areas.

“Samthar represents exactly the kind of destination we believe has considerable potential for the next phase of leisure travel in the region. Our experience in the Eastern Himalayas has shown us that when hospitality reaches a lesser-known destination, its impact goes beyond the hotel itself. It creates local employment, generates demand for transport and other services, and allows us to source produce and everyday requirements from local shops and suppliers. We have seen this around properties such as Summit Bougainvillea Tea Resort in Tindharia, Summit Tashi Ghang Heritage Resort in Pelling, and Summit Enigma Resort & Spa in Lamahata. Our aim in Samthar is to become part of the local economy while introducing more travellers to the destination without taking away the character that makes it worth discovering,” said Sumit Mitruka, Founder & CEO, Summit Hotels & Resorts.

Furthermore, the signing advances Summit Hotels & Resorts’ strategy of moving beyond established tourism centres and entering smaller destinations across the Eastern Himalayas. Destination development forms a key part of the OtiEat Collection, with the company expecting hospitality investments to support local employment, tourism services, and longer visitor stays.

For Samthar, Summit expects the new property to introduce the destination to a broader leisure audience. At the same time, the resort could encourage travellers to extend their North Bengal itineraries and explore lesser-known areas of the region.

The new signing also forms part of Summit Hotels & Resorts’ broader portfolio strategy, which operates across three propositions. OtiEat focuses on emerging destinations, Signature offers premium destination hospitality, while Mandir centres on spiritual tourism.

Through these three propositions, Summit Hotels & Resorts continues to expand its hospitality presence across diverse travel destinations while developing properties around emerging leisure, premium, and spiritual tourism markets.

Founded in July 2025 by Sajid Shariff and Scott Arnold, Dextr develops specialised AI agents for hospitality businesses. Its technology supports guest management, reservations, back-office operations, staff management, sales and marketing.

The startup said its platform is currently deployed across hundreds of properties in the US, Canada, the UK and Europe. These include franchised properties operating under brands such as Hilton, Wyndham, Best Western and IHG.

Dextr processes more than one million interactions each month. Its technology also handles tens of millions of dollars in payments through phone reservations each month for its customers. The company initially focused on handling guest requests before expanding into reservations and other hotel operations.

Its current portfolio includes AI agents for voice reservations, guest management, workforce operations, and sales and marketing. The agents are designed to integrate with existing hospitality systems, allowing operators to use the technology without replacing their underlying systems.

Dextr is also launching Doss Gen 1, a command layer that enables hotel employees to control its AI agents through plain-language text or voice instructions. The system includes role-based permissions, an audit trail and controls designed to support consistency across multiple properties.

The company has also reported improvements in online ratings following deployments of its guest-management technology. According to Dextr, properties using its Alfred agent recorded an average increase of 0.4 points in online travel agency ratings within 90 days.

“Hospitality operators have a deep staffing shortage that leads to gaps in service, revenue leakage, broken guest experience, and overworked staff. Our mission is to enable a fully agentic workforce that fills in the gaps, and enable staff to focus their time where it really matters – on guests,” said Sajid Shariff, co-founder and CEO of Dextr AI.

“The speed at which Dextr is winning hospitality is a testament to the urgency of the problem,” said Krishna Mehra, partner at Elevation Capital.

Dextr’s latest funding comes as hospitality businesses increasingly explore AI applications across reservations, guest communication and internal operations.

The new property is part of NILE Hospitality’s strategic licensing agreement with Hilton to develop 75 Hampton by Hilton hotels across India. The agreement also supports the brand’s expansion into India’s upper-midscale hospitality segment.

“We are excited to bring Hampton by Hilton, Navi Mumbai Airport to Mumbai and offer this iconic brand to travelers seeking trusted hospitality from one of the most globally recognized names among leading hotel brands. Hampton has long captured the love of guests, and NILE Hospitality’s proven record of management expertise is perfectly placed to serve the evolving needs of today’s travelers. As our debut hotel in Mumbai and 7th Hampton property under development, this milestone reflects our strong and diversified brand portfolio, underscores our flexible, comprehensive support to our owners and partners, and a strong desire to contribute to the country’s growing hospitality sector.” said Vikram Singh Chauhan, Founder and CEO, NILE Hospitality.

The development comes as NILE Hospitality continues to expand its presence in India’s growing hospitality sector through its Hampton by Hilton portfolio.