For the full financial year FY2026, Eco Hotels reported total revenue of Rs 498.91 lakh, up from Rs 109.24 lakh in FY2025. At the same time, total expenses stood at Rs 1,645.76 lakh, while total comprehensive income came in at Rs (1,080.24) lakh, reflecting continued investment in expansion initiatives.

On a standalone basis, the company posted total revenue of Rs 248.77 lakh for the quarter ended March 31, 2026, significantly higher than Rs 10.09 lakh in Q4 FY2025. Meanwhile, total expenses reached Rs 838.47 lakh, and total comprehensive income stood at Rs (552.70) lakh.

For the full FY2026 standalone performance, Eco Hotels recorded revenue of Rs 491.88 lakh, compared to Rs 13.71 lakh in FY2025. Additionally, total expenses amounted to Rs 1,520.18 lakh, while total comprehensive income for the year stood at Rs (991.29) lakh. These figures underline the company’s aggressive scale-up strategy during the year.

The company stated that FY2026 marked a period of significant operational expansion and asset base growth as part of its long-term strategy. Furthermore, the company supported this growth through increased right-of-use assets and continued investments in new properties, thereby strengthening its hospitality portfolio.

Eco Hotels also emphasized its continued focus on an asset-light business model while expanding through a diversified multi-brand portfolio. In addition, the company reinforced its balance sheet through equity infusion, which will support its future growth plans and enhance financial stability.

Vinod K. Tripathi, Chairman, Eco Hotels and Resorts Limited, said, “FY2026 marks a pivotal year for Eco Hotels and Resorts as we accelerated our expansion strategy and significantly scaled up our operations. The strong growth in revenues reflects increasing traction across our portfolio and the strength of our business model. We remain focused on building a resilient and high-quality hospitality platform that will deliver long-term value.”

Vikram Doshi, Director of Finance and Chief Financial Officer, Eco Hotels and Resorts Limited, added, “Our performance reflects a phase of calibrated investments aimed at strengthening operational capabilities and supporting future growth. The increase in expenses is aligned with our expansion plans and portfolio build-out. As our properties stabilize and operating leverage improves, we expect a stronger alignment between scale and financial performance.”

Looking ahead, Eco Hotels confirmed that it will continue expanding its hotel portfolio across key markets while improving operating leverage as newly added properties stabilize. At the same time, the company plans to strengthen its asset-light strategy further and focus on improving margins through scale, efficiency, and cost optimisation.

At the same time, Starline Hospitality is positioning itself to address changing industry expectations by offering end-to-end hotel management solutions. The company is actively working to improve sales performance while ensuring consistency in guest experience and asset quality. Moreover, it combines traditional Indian hospitality practices with structured service standards and streamlined operational processes to deliver measurable outcomes.

In addition, the company follows a dual operational strategy across owned and franchised properties. For owned assets, Starline takes full responsibility for profit and loss while also managing operations, sales, and capital planning. On the other hand, for franchised hotels, it focuses on maintaining brand standards, representing owners, and optimising fee structures. As a result, this model will enhance asset performance and maximise returns for hotel owners.

Furthermore, Starline Hospitality has implemented a performance-driven framework that targets annual growth through improvements in RevPAR (Revenue Per Available Room) and gross operating profit. It also standardises operations across franchised properties and leverages its internal Quality Index (SQI) for owned hotels. Alongside this, the company incorporates cost optimisation strategies such as centralised procurement, workforce planning, and energy efficiency to strengthen overall operational efficiency.

This strategic approach draws significantly from Dey’s extensive experience with hospitality brands such as Stone Wood Hotels and Resorts, Great Value Hospitality, VITS Kamats Hotels, Cambay Hotels & Resorts, and K Raheja Hotels. His background spans key functions including sales, business development, hotel operations, and asset management, thereby providing a strong foundation for this new venture.

Commenting on the launch, Abhijit Dey said, “Starline Hospitality has been established with a focus on consistent performance and guest engagement. Our work with investors, travel partners, and corporate clients is centered on delivering value through structured operations and long-term growth.”

Meanwhile, technology plays a critical role in Starline’s growth strategy. The company deploys advanced tools for guest personalisation and revenue optimisation, including the NORTH STAR Model. These systems enhance the entire guest journey—from booking to check-out—while simultaneously unlocking new revenue opportunities for hotel partners.

Additionally, Starline Hospitality is integrating sustainability into its long-term vision. The company plans to guide its premium properties toward LEED Platinum certification while also pursuing carbon reduction goals under its ‘Responsible Luxury’ framework, thereby aligning with global sustainability standards in the hospitality industry.

Beyond operations, the company is also focusing on curating guest-centric experiences across dining, cultural engagement, and lifestyle programming. This approach aims to strengthen property positioning in competitive markets while enhancing overall guest satisfaction.

Equally important, Starline places strong emphasis on people development. The company is investing in training programmes, continuous learning, and employee engagement initiatives to ensure consistent service delivery and operational excellence across its portfolio.

Starline Hospitality’s launch reflects a broader shift in the Indian hospitality industry toward performance-driven, tech-enabled, and sustainability-focused hotel management models.

The newly opened hotels, introduced under multiple brands, include Comfort Inn Metropolis in Mumbai (34 rooms), Clarion Inn Greywall in Amritsar (48 rooms), Comfort Inn Kishore in Azamgarh (34 rooms), Click Collection Aster in Jaipur (42 rooms), Click Hotel in Hyderabad (48 rooms), Click Hotel in Chakan (32 rooms), and Quality Inn in Gurgaon (58 rooms).

Commenting on the development, Managing Director Mansur Mehta said, “The simultaneous launch reflects the organization’s continued expansion and commitment to strengthening its presence in the hospitality sector. This moment is not only a celebration of expansion but also a tribute to the vision, perseverance, and values of our founder that have shaped the organization over the years.”

Reflecting on the company’s journey, Mansur Mehta added, “My father started with a ten-room guest house in Mumbai, and today we have over 100 properties across more than 70 destinations.” This progression highlights the brand’s steady growth and deep-rooted legacy since its inception in 1994.

Meanwhile, CEO Mubeen Mehta emphasized the significance of the milestone, stating, “This is the first time in the history of the hospitality industry that a company has opened seven hotels in a single day across seven different cities. This reflects the company’s vision for growth, which has been made possible due to the foresight of our founder.”

In addition, the company continues to adopt a diversified operational strategy through five models—owned, leased, revenue sharing, managed, and franchise. The newly launched properties align with this approach, with Gurgaon, Mumbai, and Jaipur operating on management and revenue-sharing models, Hyderabad under a pure management contract, Amritsar and Azamgarh under franchise agreements, and Chakan positioned as an owned asset.

Furthermore, Mubeen Mehta noted that these openings reinforce the company’s ongoing commitment to expansion. He reiterated that Suba Hotels aims to build on its founder’s legacy while pursuing new growth milestones in the coming years.

Suba Hotels Limited has established itself as one of India’s fastest-growing domestic hotel chains in the mid-market segment. By offering a diverse portfolio spanning upscale to economy brands, the company continues to strengthen its presence, particularly across Tier 2 and Tier 3 cities. Its strategic focus on asset-light growth models, combined with an emphasis on delivering quality guest experiences at accessible price points, has positioned the brand competitively in the evolving hospitality landscape.

Suba Hotels’ simultaneous launch of seven properties underscores its aggressive expansion strategy and operational agility. With a strong legacy, diversified business models, and a clear focus on scalable growth, the company looks forward to further consolidate its footprint in India’s rapidly growing hospitality sector.

The upcoming property will operate under the Keys Prima by Lemon Tree Hotels brand and will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited. As a result of this signing, the group’s Maharashtra portfolio will grow to fifteen operational hotels and thirteen upcoming properties, reflecting a strong pipeline in the state.

Moreover, the hotel’s location in Akola places it at the centre of the Vidarbha region’s evolving commercial and agricultural ecosystem. The city plays a vital role in cotton trading and agribusiness while continuing to benefit from infrastructure development and rising regional commerce. Consequently, the new property aims to cater to increasing demand from business travellers and regional visitors seeking quality branded accommodation.

Commenting on the development, Vilas Pawar, CEO – Managed & Franchise Business at Lemon Tree Hotels, emphasised the strategic value of Akola within the company’s growth roadmap. He noted that as economic activity expands beyond Maharashtra’s major metros, emerging cities such as Akola present strong opportunities for organised hospitality brands to support growing business travel needs.

Lemon Tree Hotels’ latest signing in Akola highlights its continued confidence in Maharashtra’s regional growth story. By adding another Keys Prima property in a commercially significant Vidarbha city, the company reinforces its long-term strategy of expanding beyond metros while meeting rising demand for trusted, branded hospitality across India’s emerging business centres.

The upcoming hotel will feature 120 well-designed rooms and suites, creating a comfortable and contemporary retreat for both business and leisure travellers. Moreover, guests will have access to a multi-cuisine restaurant with a live open kitchen, a bar designed for relaxed socialising, and a deli offering quick and casual dining options.

At the same time, the property places a strong emphasis on meetings and social gatherings. It will offer nearly 20,000 square feet of flexible indoor and outdoor event spaces, including a banquet hall, terrace lawn, alfresco lounge, and multiple meeting rooms. Additionally, leisure amenities such as an outdoor swimming pool, spa, and gym will further enhance the guest experience. As a result, the hotel positions itself as a preferred venue for conferences, weddings, and large-scale celebrations in the city.

Importantly, this project marks NILE Hospitality’s first collaboration with Accor, reinforcing its strategy of partnering with leading international hotel brands. Therefore, the company continues to focus on delivering professionally managed, high-performance hospitality assets across fast-growing Indian destinations.

Speaking on the development, Vikram Singh Chauhan, Founder & CEO, NILE Hospitality, said, “Novotel Nagpur represents a defining milestone in our growth journey, and we are immensely proud to bring this brand to the city. Nagpur is a long-admired destination for us, and this opening reaffirms NILE Hospitality’s position at the vanguard of third-party hotel management in India. Combining a coveted location, world-class design, and personalized service, we are delighted to bring this future landmark to Nagpur—a strategic commercial, logistic, and cultural hub.”

The launch of Novotel Nagpur underscores NILE Hospitality’s strategic focus on high-potential Indian cities and global brand partnerships. By combining international standards with strong local market insight, the company continues to play a key role in shaping India’s evolving hospitality landscape.

Under a management-led operating model, the 50-key property has been purposefully designed to address the evolving requirements of business and transit travellers. Moreover, the hotel features 50 well-appointed rooms and a 40-cover all-day dining restaurant, thereby delivering a balanced combination of comfort, operational efficiency, and contemporary hospitality.

The hotel is already operational and actively caters to corporate and transit segments and therefore aligns closely with rising demand driven by airport-led travel, corporate mobility, and regional business activity. Additionally, its newly built infrastructure supports modern amenities, efficient operations, and a guest-focused experience from the outset, which positions the property strongly within a competitive micro-market.

Commenting on the launch, Sandeep Basu, CEO of OPO Hotels, stated that OPO Horizon – The Venue reflects the company’s focused approach to strengthening its presence in high-demand and high-yield locations. He emphasised that Mahipalpur continues to serve as a critical gateway for Delhi NCR, and consequently, this property enables OPO Hotels to serve corporate and transit travellers with consistency, quality, and operational precision. Furthermore, he noted that this signing reinforces OPO Hotels’ ambition to scale as a strong player in the managed midscale and experiential hospitality segment.

With the launch of OPO Horizon—The Venue, OPO Hotels continues to execute a targeted growth strategy centered on airport-driven and business-focused micro-markets. As demand for efficient, professionally managed midscale hotels rises across Delhi NCR, this addition further strengthens OPO Hotels’ position while supporting sustainable, long-term expansion in key urban corridors.

United Hospitality Management—India will manage the upcoming 45-key hotel, which is scheduled to open in 2027. Meanwhile, Modest Structures Private Limited will develop the property with a focus on modern rooms that cater to both short-term and extended-stay guests. As a result, the hotel will deliver high-quality hospitality while maintaining an accessible price point for business and leisure travellers alike.

This signing also represents the fourth Garner-branded property in India, and it further strengthens IHG’s presence in the country’s midscale segment. Garner operates as a midscale conversion brand that prioritises comfort, flexibility, and meaningful guest experiences and therefore appeals strongly to value-conscious travellers seeking reliability over luxury.

UHM officially entered the Indian market in the fourth quarter of 2025 through the acquisition of Rosastays, and this strategic move significantly expanded its domestic footprint. Consequently, the company added 17 operational boutique properties across prominent leisure destinations, including Goa, Kasauli, Nainital, Pushkar, and Shimla, which immediately enhanced its visibility and operational scale in India.

Commenting on the latest signing, Deepika Arora, Managing Director of United Hospitality Management – India, stated that the company remains focused on building a diversified and future-ready hospitality portfolio through disciplined management and strategic partnerships. She added that Garner Bhiwadi strengthens UHM’s presence in emerging industrial and business corridors, while also allowing the group to apply its operational expertise to a format that delivers consistent guest experiences and strong returns for owners. Furthermore, she emphasised that UHM continues to identify locations where professional management, global brand systems, and local market understanding can together unlock long-term value.

With more than 30 years of experience and over $1 billion in assets under management, UHM currently oversees a growing global portfolio across Europe and the Middle East. In addition, the group maintains partnerships with leading hospitality brands such as IHG, Marriott, Accor, Hyatt, and Wyndham while also operating its own lifestyle ecosystem that includes more than 20 specialty food and beverage brands and the award-winning wellness brand, Serenity – The Art of Well Being.

IHG’s Garner brand builds on the company’s leadership in the midscale segment by offering dependable quality at an accessible price point. Designed to deliver a relaxed and flexible stay, Garner caters to travellers who value comfort and character, and it also provides access to IHG’s global enterprise systems and loyalty rewards. As a result, guests can enjoy trusted service standards in an environment that feels authentic and practical for a wide range of travel needs.

With the signing of Garner Bhiwadi, United Hospitality Management – India continues to scale thoughtfully while aligning global brand strength with local market potential. As midscale demand rises across industrial and business corridors, this partnership with IHG positions UHM to capture sustained growth and deliver long-term value for owners, guests, and partners across India.

Meanwhile, Cozzet Ayodhya will feature 70 well-appointed rooms, along with an all-day dining restaurant and essential guest facilities tailored for both leisure and corporate travellers. In addition, the hotel will house a spacious 8,000 sq ft banquet hall with an adjoining lawn, enabling it to host weddings, social celebrations, and large-scale gatherings. To further enhance guest experience, the property will also offer a gymnasium, multiple conference rooms, and technology-driven solutions designed specifically for business travellers.

Strategically, the hotel enjoys a prime location on the Gorakhpur–Lucknow Highway, ensuring convenient accessibility. The property sits approximately five kilometres from Maharishi Valmiki International Airport and just 1.5 kilometres from the Ram Mandir, making it highly attractive for pilgrims. Moreover, select rooms will provide direct views of the temple precinct, adding to the hotel’s appeal.

At the same time, Ayodhya continues to witness a surge in visitor traffic, driven by major infrastructure upgrades, improved road connectivity, and the commencement of operations at the new airport. Consequently, these developments have significantly boosted demand for professionally managed hotels, particularly within the economy and mid-scale segments.

Commenting on the signing, Sarbendra Sarkar, Founder and Managing Director, Cygnett Hotels & Resorts, said, “Ayodhya represents the kind of destination where organised economy hospitality has a clear and long-term role to play. With Cozzet Ayodhya, our focus is on offering dependable quality, efficient design, and strong value to guests visiting the city for faith, family events, and short leisure stays. This signing aligns with our strategy of expanding in high-growth pilgrimage and tier-two markets where demand visibility is strong.”

The signing of Cozzet Ayodhya marks another strategic step in Cygnett Hotels & Resorts’ expansion across high-potential pilgrimage and tier-two destinations. By combining a prime location, event-ready infrastructure, and value-focused hospitality, the upcoming hotel is well positioned to support Ayodhya’s evolving tourism ecosystem while meeting the growing expectations of modern travellers.

This proposed association represents a significant milestone in the expansion of global hospitality brands across Mumbai’s western business corridors. At the same time, the collaboration underscores SanRaj Group’s strategic role in bringing international hospitality operators into high-growth urban markets.

The parties formally signed the MOU on January 21, 2026, at 4:00 pm at the Holiday Inn, Mumbai. Sudeep Jain, Managing Director – South West Asia, IHG Hotels & Resorts, executed the agreement on behalf of the global hospitality group, while Rajdip Gupta, Director, signed on behalf of Zon Hotels (Mumbai) Pvt Ltd. Zon Hotels (Mumbai) Pvt Ltd is promoted by its Directors—Sandip Gupta, Rajdip Gupta, Ishwar Shukla, and Rohit Shukla.

Importantly, the non-binding MOU reflects Zon Hotels Mumbai’s intent to develop a landmark luxury hotel in India. Following this step, the project will move into the construction phase after the execution of a definitive Hotel Management Agreement. This process will take place after the completion of due diligence, detailed planning, and the receipt of necessary internal and regulatory approvals from both Zon Hotels and IHG.

Commenting on the development, Sandip Gupta and Rajdip Gupta said, “The Western Region of Mumbai is fast emerging as an important commercial and business hub in Mumbai, supported by improved infrastructure and growing corporate activity. This project aligns with our vision of developing high-quality hospitality assets that would cater to the evolving needs of both business and leisure travellers. Collaborating with IHG would further strengthen our commitment to delivering globally benchmarked hospitality developments.”

In addition, Ishwar Shukla and Saurabh Parsrampuria highlighted the strategic value of the collaboration and said, “We are excited about this potential collaboration with IHG. Our focus is on delivering a premium guest experience supported by global operational systems, strong brand equity, and professional hotel management.”

Looking ahead, the upcoming luxury hotel aims to serve a diverse mix of corporate travellers, MICE demand, and leisure guests. Consequently, the project will further enhance hospitality infrastructure in Mumbai’s western suburbs while supporting the region’s growing commercial ecosystem.

Moreover, the development reflects a broader trend of collaboration between Indian real estate developers and global hotel operators as international hospitality brands continue to expand their footprint in high-growth urban micro-markets.

With improved connectivity, expanding office developments, and rising commercial activity, Mumbai’s western region has firmly established itself as a prime destination for business, real estate, and hospitality investments.

The hotel features 40 well-appointed rooms across three categories—Executive Rooms with Balcony, Deluxe Rooms with Balcony, and Superior Rooms. Notably, each room includes high-speed Wi-Fi, climate control, flat-screen televisions, tea and coffee amenities, and ergonomic workstations, thereby supporting both short-term visits and extended business stays.

In addition, Tulip Inn Gurugram Sector 39 offers two indoor banquet venues—Emerald A and Emerald B—along with an open-air terrace. Together, these spaces provide flexible settings for corporate meetings, training sessions, workshops, and intimate social gatherings. Moreover, the hotel equips all event areas with modern audio-visual infrastructure and delivers professional event services aligned with Louvre Hotels Group standards.

Meanwhile, the hotel’s dining experience centers around Sapphire—All-Day Dining, which serves buffet and à la carte options suited for business breakfasts, client interactions, and convenient in-house dining. As a result, corporate guests benefit from efficiency without compromising on quality.

Commenting on the launch, Ajay K. Bakaya, Chairman, Sarovar Hotels & Director, Louvre Hotels India, highlighted that Tulip Inn Gurugram Sector 39 marks a strategic addition to the group’s midscale urban portfolio. He emphasized that the property adheres to Louvre Hotels Group’s global benchmarks while responding to the growing demand for professionally managed, well-located business accommodation in Gurugram and other rapidly expanding urban centers.

Similarly, Richa Koul, Partner, RRK Hospitality LLP, noted that Gurugram’s status as a major corporate and commercial hub continues to drive strong demand for dependable midscale hotels. She further underlined that the collaboration with Sarovar Hotels combines global brand standards, operational expertise, and a prime location, positioning the property to effectively cater to corporate travelers, business groups, and small-scale events.

With the launch of Tulip Inn Gurugram Sector 39, Sarovar Hotels strengthens its foothold in the midscale business hospitality segment. The opening reinforces the Tulip Inn brand as a globally aligned, trade-ready, and dependable hotel offering, well positioned to support the evolving needs of India’s corporate travel and meetings ecosystem.