Eco Hotels and Resorts has acquired three more eco-friendly properties, taking the count to 178 rooms in the books of the company. The company is also on track to become profitable by the end of its next financial year.
Eco Hotels expands to Karnataka, Andhra and Maharashtra
Added to its portfolio are three properties, one of which is located in Mysore, Karnataka, and has 90 rooms, while the other two are located in Tirupati, Andhra Pradesh, and Nagpur, Maharashtra, and respectively count 44 rooms each. This makes up a total of 178 rooms added to the company’s books.
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According to The Economic Times, Eco Hotels & Resorts CFO Vikram Doshi stated, “We are committed to turn the company into profit by the end of March 2026. We want to turn this company into one of the leading hotel companies of India.”
Furthermore, Eco Hotels is revolutionising eco-friendly hospitality in India, achieving remarkable success in its first year as per officials. It will now be developing hotels with zero carbon footprint as part of its sustainable hospitality play. The company will also be completing 400 rooms by the end of this month.
Company eyes to cross 400 rooms by October end
Notably, it took a giant leap with the board of directors agreeing to long-term leases in new properties. The company is almost finalising deals for purchasing hotels that are more rooms-60 in Shirdi, 72 in Jodhpur and 37 in Nagpur.
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As the Eco Hotels, an asset-light company focusing on the lease model, is rapidly expanding its presence. “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. With ambitions to become a pan-India player, Eco Hotels is aggressively growing its network. “We would like to be a pan-India player. In that pursuit, we already have properties in Rajasthan, Kerala, Maharashtra, Gujarat, Karnataka, and Andhra Pradesh,” the company added.
Looking ahead, the company has also planned to expand around 500 hotel rooms in the next five years.
