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Taking a bold step in redefining the hospitality landscape, Eco hotels and resorts Announced a major expansion plan to increase its hotel room count to over 2,000 rooms by March 2025.This ambitious venture was recently acquired by Vitison Hotels Ltd (VHL), adding 20 hotels covering approximately 1,200 rooms, marking a significant increase in its portfolio. Prior to this, Eco Hotels and Resorts (formerly known as Sharad Fibers and Yarn Processors Ltd) did not operate any hotels. This move is not only an expansion, but also a complete transformation of its business model.
key acquisition
The acquisition of VHL is not just about the numbers;This is a strategic move that positions eco-hotels and resorts as a global leader sustainable hospitality. Vinod K Tripathi, Executive Chairman of Eco Hotels and Resorts, viewed the acquisition as a turning point and emphasized that the team is committed to achieving ambitious growth through prudent strategic decisions. With this acquisition, Eco Hotels and Resorts has not only gained a significant foothold in the industry but also laid the foundation for its long-term vision to operate 5,000 hotel rooms in India within the next five years and expand to 15,000 rooms. Year.
Setting new standards in the hospitality industry
Eco-lodges and resorts haven’t stopped expanding.The company’s mission is to redefine High-end and budget hotel brand landscape By establishing a sustainable luxury hotel network under the “The Eco” brand. The vision includes developing two brands in Kerala and identifying properties in Mumbai, Goa and Pune for immediate expansion. The emphasis on sustainability and luxury is a testament to Eco Hotels & Resorts’ commitment to not only expanding its footprint but also setting new standards in the hospitality industry.
The impact of sustainable development in the hotel industry
The move by EcoHotels & Resorts resonates with broader trends in the hospitality industry towards sustainability and environmental responsibility. Initiatives like this, such as the grand opening of CG Hospitality’s 100th hotel, The Fern Shelter Resort in Palghar, India, underscore the industry’s commitment to delivering sustainable and environmentally friendly hospitality experiences. CG Hospitality Holdings is another significant player in the industry with 150 hotels and resorts in 12 countries and 107 destinations, emphasizing excellence and innovation in sustainable hospitality.
Eco Hotels and Resorts’ ambitious expansion, coupled with its strategic acquisition of Vitizen Hotels Ltd, marks a major shift in the hospitality landscape towards sustainability and luxury. As the company embarks on this landmark journey, it not only aims to improve operational capabilities but also to inspire a wave of change across the industry, championing the cause of sustainable development and eco-friendly hospitality practices.
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