As part of the transaction, Warburg Pincus has acquired APG's entire 41 per cent stake in Fleur and committed up to ₹960 crore of primary equity to fund Fleur's growth.
The structural outlook remains favourable, analysts said. Mumbai contributes nearly 15 per cent to India's hotel room revenue and disproportionately dominates the luxury segment.
NRAI says it will ramp up fire safety advisories and set up a task force to help members plug compliance gaps, after a nightclub fire in Goa's Arpora killed 25 people
Mahindra Holidays is expanding beyond vacation ownership with Mahindra Signature Resorts, targeting its first luxury hotel by FY27 and eyeing 2,000 keys by FY30 as rising incomes
MakeMyTrip's year-end campaign reveals a clear premiumisation trend, with one in three domestic travellers opting for 4- or 5-star stays and Goa, Jaipur, and Udaipur emerging as favourites
Aratt One World and Marriott International will jointly develop a JW Marriott in Bengaluru's Electronic City with a Rs 3,500 crore investment; the luxury hotel opens in 2030
The hospitality major strengthens its India presence with 59 new signings in 18 months, aiming to open 500 hotels by 2030 across business and leisure destinations
From Dubai to London, Indian hospitality majors like Leela, Taj, and Oberoi are stepping up their international presence to tap into high-spending global travellers
The OYO Assets firm aims to expand its premium and mid-premium portfolio, with acquisitions funded through a mix of debt and equity backed by InCred, Analah, and SoftBank
The Leela will require upfront capital ₹4,370 million for the 25 per cent stake, while private funds, managed by Brookfield, will acquire the balance 75 per cent stake
Hospitality body seeks regularisation of past GST dues, restoration of input tax credit for hotels, and flexibility in F&B taxation linked to room pricing
