Eco Hotels and Resorts Ltd has inked a deal to develop a greenfield 65-room hotel in Dombivli, Mumbai Metropolitan Region (MMR), marking entry into India's key business hub. This sustainable project on 10 acres includes banquet halls and restaurants, boosting expansion amid tourism rebound.
Project Details
Located in fast-growing Dombivli, the property targets business travelers and locals with modern amenities. Part of board-approved plan for 11 properties (3 greenfield, 7 brownfield), it aligns with Eco's "Triple P" (Planet, People, Profit) model.
Key Highlights
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Capacity & Facilities: 65 rooms, banquet hall, multiple restaurants on 10-acre site.
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Expansion Pipeline: Includes Gandhinagar (135-140 rooms), Indore (50 rooms); total 11 hotels.
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Strategic Location: MMR access via highways, rail; taps corporate, leisure demand.
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Company Growth: Recent Ayodhya 33-room signing; focus on religious/business tourism.
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Sustainability Focus: Eco-friendly design, operational efficiency.
Outlook
Deal enhances portfolio in high-growth MMR; eyes revenue from rising occupancy. Shares may react positively.
Sources: LinkedIn (Vinod Kumar Tripathi), Scanx.trade, OutlookBusiness.com