Hotel Palacio has announced the launch of its second property in Guwahati at Paltan Bazar, further strengthening the company’s presence in Northeast India’s growing hospitality sector. With the latest addition, the brand now operates three properties overall, including two hotels in Guwahati and one in Alipurduar.
Simultaneously, Palacio Hospitality unveiled an ambitious ₹800 crore expansion roadmap that includes plans to develop 10 hospitality properties over the next decade. The company primarily plans to focus on the Northeast region while also exploring opportunities across key hospitality markets in India.
Speaking about the expansion, Anup Poddar, Chairman, Poddar Group, said, “Hotel Palacio is a brand that has been built in Assam, and that is something we take great pride in.” He further added, “Guwahati has played a central role in our journey so far, and expanding within the city was a natural next step.”
The company also highlighted its long-term expansion strategy focused on sustainable and diversified growth. Ankit Poddar, Managing Director & COO, Poddar Group, said, “Our ₹800 crore expansion roadmap reflects a long-term, disciplined approach to growth.” Additionally, he explained that the group plans to expand through a combination of owned assets, hotel management agreements, and lease-based operating models.
As part of its broader hospitality expansion strategy, the company is also developing Hyatt Regency Gangtok, which will further diversify its hospitality portfolio across multiple travel and tourism segments.
The newly launched Paltan Bazar property has been designed to serve business travelers, event organizers, and leisure guests. The hotel features 83 rooms across multiple categories, more than 6,000 square feet of indoor banquet space, a 7,000 square foot rooftop venue, and dedicated conference rooms and boardroom facilities. Consequently, the property positions itself as a destination for corporate events, weddings, social gatherings, and large-format hospitality experiences.
In line with the company’s focus on experience-led hospitality, the hotel also introduces Omara, its signature restaurant developed in collaboration with Vicky Ratnani. Furthermore, the property will feature Guwahati’s first cocktail bar-cum-listening room, reflecting the growing consumer preference for immersive dining and nightlife experiences in emerging urban markets.
The expansion comes as India’s hospitality industry increasingly witnesses growth from emerging cities and regional tourism hubs. Improved infrastructure, rising disposable incomes, business travel demand, and expanding tourism circuits continue driving hospitality investments across Northeast India. As a key gateway to the region, Guwahati has seen growing demand across corporate, transit, leisure, and event-based travel segments.
Hotel Palacio’s latest expansion and ₹800 crore investment roadmap underline the growing importance of Northeast India in the country’s hospitality and tourism landscape. By combining premium accommodations, experiential dining, event infrastructure, and strategic expansion, the company aims to strengthen its position in India’s evolving hospitality market.
