INSUBCONTINENT EXCLUSIVE:
Eco Hotels is an asset-light company that focuses on the lease model2 min read Last Updated : Oct 06 2024 | 2:45 PM IST
Eco Hotels and
Resorts Ltd looks to become profitable by the end of next fiscal and has acquired three properties with around 178 keys, according to a
statement.
The hospitality company which aims to develop eco-friendly properties with zero carbon footprint is also on course to hit
400-room capacity by month-end, the statement said.Click here to connect with us on WhatsApp
Eco Hotels & Resorts CFO Vikram Doshi said,
We are committed to turn the company into profit by end of March 2026
Hotels is setting new standards in sustainable hospitality, the official said.
Eco Hotels has also announced the acquisition of three
These include a 90-room property in Mysore (Karnataka) a 44-room hotel at Tirupati (Andhra Pradesh), and another 44-room asset in Nagpur
(Maharashtra).
The company board recently approved the acquisition of these properties on a long-term lease basis.
Moreover, the company
is in the process of finalising deals for hotel properties at Shirdi (60 rooms), Jodhpur (72 rooms), and Nagpur (37 rooms).
Eco Hotels is
an asset-light company that focuses on the lease model.
Our present hotel capacity will cross 400 rooms by October end, and due diligence
is on for a few properties across cities, the company said, which wants to become a pan-India player.
We would like to be a pan-India
In that pursuit we have already have our property in the state of Rajasthan, Kerala, Maharashtra, Gujarat, Karnataka and Andhra Pradesh, the
company said.
Eco Hotels and Resorts Ltd plans to have around 5000 hotel rooms in the coming five years.(Only the headline and picture of
this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First
Published: Oct 06 2024 | 2:45 PMIST
