Hotel Palacio Hospitality says it will invest around Rs 800 crore over the next decade to expand across Eastern India, with a special focus on the Northeast. The plan includes launching 10 new properties to build a stronger hospitality portfolio, and Guwahati is set to play a central role in guiding the growth strategy.
The National Company Law Tribunal has approved a revival plan for Rajesh Business & Leisure Hotels, clearing the way for a consortium led by Rare Asset Reconstruction Company and Check-Inn Hotels to take over. The deal requires a ₹730 crore payment and follows the company’s insolvency admission in April 2022. Secured creditors will be fully settled under the approved plan.
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Radisson Hotel Group is accelerating its India expansion, aiming to operate 157 to 160 hotels and close to 19,500 keys by end-2026. The push supports its bigger target of 500 hotels by 2030, with developments planned not only in major cities but also in smaller towns—signaling a deep pipeline for the next few years.
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