HOTEL EXPANSION
From a Jaipur original to a multi-city brand: Zolocrust’s measured expansion
As Zolocrust, a renowned vegetarian café chain, marks its 11th year, it is excitedly planning expansions into vibrant cities like Delhi and Lucknow. Founder Arjun Kumar emphasizes a deliberate strategy: prioritizing quality over swift expansion. Each new location will reflect valuable lessons learned, ensuring Zolocrust remains true to its core principles while establishing a notable presence in larger urban landscapes.
Why global investors are turning to Georgia for real estate opportunities in 2026
Alliance Group designates 2026 as a pivotal year for international stakeholders targeting Georgia's dynamic real estate landscape. The nation has witnessed substantial increases in residential property transactions, luring buyers from India and Europe. Tbilisi and Batumi stand out with impressive rental yields, while rising GDP and tourism profits bolster investment allure. Additionally, favorable policy adjustments cater to high-net-worth individuals keen on tapping into Georgian real estate opportunities.
Brigade to invest Rs 40,000 cr to develop 40 million sq ft in 3 years
Brigade Group intends to invest approximately Rs 40,000 crore over the next three years in various projects. This investment will cover residential, commercial, retail, hospitality, and warehousing sectors. About 70% of the funds will be allocated to residential projects, while 20% will go towards office and retail assets. The company aims to expand into new markets including Chennai and Hyderabad.
A 20,000-sq-ft Ibiza mansion, an estate with a 15-car garage: A look at soccer star Messi's $300 million real estate portfolio
Lionel Messi has retired from international soccer. He owns an expansive real estate portfolio across different countries worth nearly $300 million. His properties include a 20,000-square-foot mansion in Ibiza, an estate in Agentina with a 15-car garage and several luxury condos in Florida. Messi's investments also encompass hotels, a beverage line, and various other assets.
Viceroy Hotels shares rise 2% as Zerodha founders Nithin, Nikhil Kamath pick 6.72% stake
Viceroy Hotels shares witnessed an uptick on Tuesday after Zerodha founders Nithin and Nikhil Kamath acquired a 6.72% stake in the company during the September quarter. The hotel operator, which emerged from insolvency in 2024, is expanding its portfolio in Hyderabad and has plans to acquire SLN Terminus Hotels and Resorts.
McDonald's supplier HyFun plans $208 million India IPO
HyFun Foods intends to raise up to 20 billion rupees through an IPO planned for late 2028. The company expects to initiate preparations for this IPO in mid-2027 as local demand increases. As frozen food becomes more popular, the firm anticipates significant revenue growth by expanding its capacity. The share of exports in revenue is projected to decrease from three-fourths to half within five years.
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Sauce's Manu Chandra on consumer exits; Physical AI's regulation push
Sauce's Manu Chandra said he expects larger exits for investors of India's new-age consumer brands. This and more in today’s ETtech Morning Dispatch.
Vicky Kaushal and Katrina Kaif live in Juhu home that has Rs 9 lakh monthly rent and Rs 1.75 crore security deposit featuring beach views, spacious living room, floor-to-ceiling plant shelf, orange dining chairs, rooftop pool, modern gym and children’s play area
Vicky Kaushal and Katrina Kaif house tour: The Bollywood power couple live in a luxurious sea-facing apartment located in Juhu, Mumbai. They pay around Rs 9 lakh in monthly rent, with a significant security deposit. The couple's residence features spacious rooms and a stunning view of the Arabian Sea. A highlight is the serene sit-out area, perfect for relaxation and socializing. Their home reflects a balance of contemporary design and comfortable living in a prime location.
TBO Tek shares gain 3%; Nuvama initiates 'Buy' with Rs 2,200 target
Shares of travel tech firm TBO Tek rose nearly 3% on Thursday to Rs 1,733 after brokerage Nuvama initiated coverage with a Buy rating and a Rs 2,200 target price. The brokerage expects a 35% earnings CAGR over FY27-FY29E, driven by international expansion and hotel business growth.
CPP Investments makes India hospitality debut with Rs 3,000-cr Prestige deal
Through the investment, CPP Investments will acquire around 27% stake in PHVL, with the majority of the capital supporting the platform's continued expansion.
From India to the US boardroom: Why L-1A is becoming a strategic US-expansion route for Indian mid-sized businesses
Indian mid-sized and entrepreneur-led companies increasingly view the L-1A visa as a means to establish US operations. This visa allows for seamless transfer of executives or managers to lead local teams. Businesses are focusing on solid expansion plans and leadership strategies for sustainable growth in the US market. Securing an L-1A visa provides greater predictability compared to the H-1B lottery system.
Meghalaya tourism crosses 75,000 livelihoods, eyes year-round growth on World Tourism Day
In celebration of World Tourism Day 2026, Meghalaya is embracing a sustainable tourism model that prioritizes community involvement. This initiative is designed to stimulate local economies while ensuring eco-friendly practices. To achieve this, the state is focusing on homestays, rural cooperatives, and significant infrastructure developments, creating vibrant year-round tourism hubs. Integrating technology and cultural events will further enrich this dynamic ecosystem.
Radisson Hotel Group working on 'India booster' plan, to open 500 hotels: COO
Radisson Hotel Group aims to open 500 hotels in India by 2030 as part of its growth strategy. The chain currently operates 146 hotels in India and plans to surpass 150 hotels by December. In addition to expanding in India, the group is customizing services for Indian travelers in Europe and the Middle East. Radisson's growth strategy emphasizes its strong presence in tier two and three markets in India.
Singapore population hits record 6.21 million, driven by rise in foreign residents
Singapore's population grew by 1.6% in June, reaching a new high of 6.21 million individuals. The increase was primarily fueled by a 3.7% rise in the number of foreign residents, totaling 1.98 million. Despite low unemployment rates, the government faces challenges regarding rising immigration and its impact on living conditions. Singapore aims to address demographic challenges related to aging and low birth rates by granting citizenship annually.
US visa wait times: Indians face up to 12-month wait for visitor slots; work visas up to 5.5 months
Indian applicants for US visitor visas are expected to experience long waiting times for interviews in various cities. In Hyderabad, applicants may wait up to 12 months, while Mumbai follows closely with an 11.5-month wait. Other cities face shorter waits, with Chennai at 7.5 months and Kolkata at 6.5 months. For student visas, the waiting times are significantly reduced to less than two months in most cities.
Gulf hotel expansion hits a pause, but investors stay interested
Hotel operators are adjusting their Gulf expansion strategies in response to regional conflicts and disruptions. Indian Hotels Company is delaying some projects in Saudi Arabia and Bahrain while assessing new opportunities in Oman and Dubai. Other hotel chains are also experiencing delays in their project timelines, reflecting a cautious approach toward openings. Despite these delays, investor interest remains robust, with talks for new projects ongoing in several Gulf markets.
Black Rock Hotels plans to scale up to 4,500 keys
Black Rock Hotels & Resorts, founded by Anshul Bhargava, aims to expand its portfolio to 4,500 hotel rooms by 2031. The company operates seven hotels with about 950 keys. The firm operates on a revenue share model, paying owners 25% of gross revenue. It anticipates launching its first owned property with 241 rooms in Udaipur by March 2027. The company would need at least Rs 1,200 to 1,300 crore in annual revenue before it considers a listing, with Rs 2,000 crore being the ideal. Meanwhile, Black Rock is also exploring international properties in Dubai, Maldives, and Mauritius.
The big winners from India's coffee craze may not sell coffee at all
India’s coffee culture is expanding beyond cafes and coffee chains, creating opportunities across beauty, homeware, luxury hospitality, whisky and experiential retail. Brands such as mCaffeine, Tata Westside’s Studiowest, Nestasia, Reliance-owned Tira, Amrut Distilleries and Taj Palace are tapping coffee’s lifestyle appeal through skincare, fragrances, tableware, coffee-cask whisky, cafes and premium experiences, as consumers increasingly embrace coffee as a culture and lifestyle trend.
Where's the GDP debate? The world is raising a toast to India
India’s 7.8% growth has the world taking notice. Fitch, S&P and Moody’s have all raised their forecasts, even as questions over the GDP numbers continue at home. The economy has held up better than expected, but with oil, inflation and tighter financial conditions looming, keeping up this pace may be the harder part.
India becomes Asia’s 4th-largest REIT market, overtakes Hong Kong: Cushman & Wakefield
India has overtaken Hong Kong to become Asia’s fourth-largest REIT market, with market value rising 62% to $17.7 billion by March 2026, according to Cushman & Wakefield. New listings, strong office occupancy, GCC demand and rising institutional participation have helped expand the market, which now ranks behind Japan, Singapore and China.
India overtakes Hong Kong to become Asia’s fourth-largest REIT market
India's REIT market value grew significantly, surpassing Hong Kong for the first time. New listings and expanded portfolios substantially increased the total space available for investors. Office REIT occupancy remained high due to strong demand from multinational companies. The Chinese mainland also saw substantial growth through new product issuance and expanded asset classes. Both China and India are expected to remain key growth engines for the region's REIT markets.
Assam CM highlights state’s emergence as gateway to ASEAN, invites global industry to invest
Assam's Chief Minister invited global businesses to explore investment opportunities in the state. He highlighted Assam's strategic location and improving infrastructure for economic growth. The state's economy is expanding rapidly, with significant investment commitments converting to projects. Advanced manufacturing, clean energy, and skilled human resources offer new avenues. Assam aims to be a gateway connecting Northeast India with the ASEAN region.
India needs to fix travel experience to attract more foreign tourists, Nikhil Kamath ignites tourism debate
To increase the number of foreign visitors, India should improve the tourist experience upon arrival. Experts highlight the importance of resolving issues such as lengthy queues and inadequate public washrooms. The lack of hotel rooms during peak seasons also deters travelers. Innovative travel solutions, including AI assistants, are on the rise. By diversifying destinations, India can promote longer visits and encourage repeat travelers.
The rise of the wedding entrepreneur: How India’s celebrations are creating new creative businesses
India's wedding industry is undergoing a remarkable transformation, evolving into a diverse and complex sector that goes beyond traditional offerings. A new wave of specialised entrepreneurs is emerging to meet the demand for customized, multi-day events, requiring varied expertise and coordination. Destination weddings are expanding opportunities for countless service providers, and with India's rich creative resources, the nation is set to influence the luxury wedding market worldwide.
Stocks in news: Infosys, Mazagon Dock, Fortis Healthcare, JSW Energy and Kalpataru Projects
On September 16, Indian markets experienced a careful resurgence, with the Nifty and Sensex both moving upwards. This rebound was fueled by increased investments in banking and prominent stocks following a steep drop the previous day. Key players like Infosys and Mazagon Dock are under scrutiny due to recent corporate events.
Muttahida Majlis Ulema passes resolutions focussing on drugs abuse, alcoholism, suicides, depression and environmental degradation in Jammu & Kashmir
Muttahida Majlis-e-Ulema adopted resolutions on drug abuse and the challenges posed by social media. The conference also focused on promoting unity and sectarian harmony within the Muslim Ummah. Religious leaders stressed the role of mosques and madrasas in addressing social concerns. Participants called on the government to reconsider policies related to alcohol promotion. The conference also emphasised sustained grassroots engagement and community awareness programmes.
Stocks in news: Tata Group stocks, HDFC Bank, Coforge, HFCL, Sun Pharma and Varun Beverages
On September 11, Indian stock markets experienced a remarkable bounce back after an initial dip at opening. Key index heavyweights attracted selective buying, which limited the day’s overall losses. Major players like HDFC Bank and IT sectors remained in focus amid relevant corporate announcements. Additionally, SEBI's discussion paper regarding the Closing Auction Session received input on five critical areas.
India must sell 'peace of mind': Anand Mahindra wants Goa, Vizag to become India's next medical tourism hub
Anand Mahindra has called for India to focus on trust and patient experience rather than low treatment costs alone to strengthen its medical tourism industry. He suggested Goa and Visakhapatnam (Vizag) could become the next medical tourism hubs by combining their flight connectivity and hospitality infrastructure with world-class hospitals and specialists. He also urged emerging cities such as Amravati and GIFT City to plan health districts, while stressing that building a strong medical ecosystem could take 15 years.
Nexus Select Trust enters Northeast with Rs 1,600-crore Guwahati mall, Hyatt Regency deal
Nexus Select Trust is entering Northeast India with a Rs 1,600-crore acquisition of a 100% stake in the upcoming Galaxy Complex in Guwahati. The project will comprise a 0.5 million sq ft Grade-A mall and a 164-key Hyatt Regency hotel, strengthening Nexus’ expansion strategy across East and Northeast markets.
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