OYO parent PRISM–backed OYO Assets has raised INR 125 crore in new investment led by InCred, strengthening its plans to acquire hotels across India’s premium and mid-premium segments. The funding will support expansion into key leisure and business destinations while reinforcing the company’s asset management strategy and ongoing hotel acquisition pipeline.
Hiranandani Communities has launched Hiranandani Sands, a 225-acre township in Alibaug with projected revenues of Rs 17,000 crore. The project’s first phase, consisting of 330 apartments, sold out at launch, underlining Alibaug’s growing real estate appeal.
The Indian REITs Association has joined the Global REIT Alliance, linking up with members from 24 countries to strengthen international cooperation, improve market standards, and expand India’s role in the global real estate investment trust sector.
Cinnamon Hotels & Resorts has appointed Hishan Singhawansa as CEO, with a renewed focus on India as a central market, leveraging its flagship Cinnamon Life Colombo resort and sustainability-driven initiatives to attract travellers.
Accor has appointed hospitality veteran Ranju Alex as CEO for South Asia, tasking her with leading its expansion across India, Bangladesh, Pakistan and Sri Lanka as the group pursues a joint venture with InterGlobe Enterprises.
Oman has set a goal of attracting one million Indian tourists annually, building on strong cultural ties and growing demand for weddings, MICE travel and adventure tourism.
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