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By Author
Published on November 9, 2023
Accor, a prominent hospitality group with over 1,000 properties spanning the Middle East, Africa, and Asia Pacific, is thrilled to announce the signing of its second Pullman hotel in India. This addition brings another exceptional destination to its ever-growing portfolio.
In 2027, Pullman Amritsar will welcome visitors to its sprawling 12,000 sqm site. This exquisite hotel will offer 200 well-appointed rooms, three outstanding dining options, a grand 1,200+ sqm banqueting facility, and top-notch amenities. Guests can look forward to a state-of-the-art fitness center, a rejuvenating spa, and a serene swimming pool.
Pullman represents a fusion of style and achievement, providing a sophisticated and contemporary experience. Rooted in a heritage spanning over 150 years, the brand blends vibrant social spaces, elevated comforts, and immersive design. It's a place where guests can excel in both their professional and leisure pursuits. Business and leisure seamlessly intertwine, allowing guests to manage their affairs, explore local culture, savor innovative cuisine, and connect with fellow travelers.
Aniruddh Kumar, Vice President of Development, India & South Asia for Accor, envisions Pullman Amritsar as an ideal destination for both business and leisure travelers. “With its excellent location and world-class amenities, Pullman Amritsar will be the ideal location for business and leisure travelers alike. The hotel will draw inspiration from its destination, where guests can experience the local vibe, delight in a range of dining offerings and enjoy a relaxed stay while being close to the city’s key attractions. Most importantly, it will offer a seamless experience with welcoming guest service that will cater to their needs and will keep them coming back,” he added.
Inderpreet Singh Anand, Promoter of Worldwide Movers PVT. LTD, expressed excitement about partnering with Accor on this premium hospitality project. “Partnering with Accor on this premium project for our distinguished entity marks our first foray into the world of hospitality. The hotel will herald a new chapter for the iconic city of Amritsar. With its established position as a world leader in hospitality and a great portfolio of brands with global reach, Accor is the perfect fit for this venture,” he added.
Accor currently operates 61 properties in India under various renowned brands. Additionally, they have a robust pipeline of 30 properties under development in the country.
About Pullman:
Pullman Hotels & Resorts offers an inspiring, energizing, and enriching experience for modern travelers. With a legacy of over 150 years, Pullman provides a vibrant space for guests to focus, work, and play. The brand's forward-thinking approach, passion for art and fitness, and adventurous spirit have made it a pioneering name in the travel industry. Pullman boasts over 150 properties in dynamic global destinations and is part of Accor, a leading hospitality group with over 5,500 properties in more than 110 countries.
With Pullman Amritsar on the horizon, travelers can anticipate a captivating blend of business and leisure in the heart of the city.
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By Nishang Narayan
Published on July 5, 2025
Hyatt Hotels is doubling down on its asset-light strategy with a major move—selling Playa Hotels’ real estate portfolio to Tortuga Resorts for $2 billion. This follows Hyatt’s acquisition of Playa in February for $2.6 billion, including debt. Playa operates 24 luxury all-inclusive resorts across Mexico, Jamaica, and the Dominican Republic.
The sale covers 15 of Playa’s resort assets, effectively reducing Hyatt’s net purchase price for the remaining Playa business to around $555 million. The deal, still pending regulatory nods in Mexico, is expected to close before the end of 2025.
As part of the arrangement, Hyatt and Tortuga will enter into 50-year agreements for these properties, allowing Hyatt to continue managing the resorts. Thirteen of the resorts will operate under Hyatt’s standard management fee structures, with two under separate agreements.
Hyatt CEO Mark Hoplamazian called the move transformational, noting it turns the Playa acquisition into a fully asset-light transaction. "It also ramps up our fee-based earnings," he added. Hyatt now anticipates its asset-light earnings mix could hit at least 90% by 2027.
Analysts view the swift real estate divestment positively, seeing it as a smart way for Hyatt to stay nimble while bolstering returns. Proceeds from this deal will primarily go toward repaying loans taken to finance the Playa buyout.
Novotel Visakhapatnam Varun Beach, a flagship Accor property, has proudly announced that it has been awarded the Green Key Certification, a globally recognised eco-label that underscores excellence in sustainable tourism and hospitality.
Granted by the Foundation for Environmental Education (FEE)—one of the world’s leading environmental education organisations and recognised by the Global Sustainable Tourism Council (GSTC)—the certification marks a significant milestone in the hotel’s ongoing efforts to integrate eco-friendly practices without compromising guest comfort or luxury.
Lakshmi Sridhar, General Manager, Novotel Visakhapatnam Varun Beach, said, “At Novotel Visakhapatnam Varun Beach, we believe that sustainability is not just a responsibility, but a way of life. Being Green Key certified reinforces our commitment to offering eco-conscious experiences that align with global environmental standards.”
The hotel has rolled out various impactful initiatives, from using clean, renewable energy and implementing robust waste management practices to driving water conservation, enhancing energy efficiency, and sustainably sourcing products. These measures are designed to benefit not only the environment but also the local community.
As travel trends increasingly lean towards conscious luxury and responsible tourism, this certification positions Novotel Visakhapatnam Varun Beach as a leader in sustainable hospitality in India.
Indian Hotels Company (IHCL), India’s largest hospitality player, has announced the signing of a new Vivanta property in Anjuna, Goa. This greenfield project marks another step in IHCL’s strategy to grow its presence across key leisure destinations in India.
Strategically located in Anjuna, celebrated for its vibrant culture and beaches, the upcoming Vivanta Anjuna, Goa will feature 110 well-appointed rooms. Guests can look forward to an array of facilities including an all-day diner, a bar, a swimming pool, a fully equipped gym, and modern conference spaces, catering to both leisure and business travellers.
Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL, shared, “IHCL has been at the forefront of pioneering destinations and has played a defining role in putting Goa on the global tourism map for over five decades. This signing is in line with our strategy to expand IHCL’s presence across segments in key leisure markets. We are delighted to strengthen our partnership with Fiesta Hotels with this new project.”
The hotel is being developed by Fiesta Hotels Pvt. Ltd., led by directors Ravinder Kumar, Manju Vardhan, Raj Vardhan, Harsh Vardhan, Gagan Garg, and Gaurav Garg, who have deep investments in real estate and hospitality. Ravinder Kumar, Director, Fiesta Hotels Pvt. Ltd., said, “We are proud to collaborate with IHCL through the addition of our second hotel in Goa. It stands as a testament to our shared vision to deliver exceptional experiences in one of India’s most cherished destinations.”
Goa continues to attract travellers with its sun-soaked beaches, Portuguese-era architecture, thriving culinary and music scene, and vibrant local communities. With this signing, IHCL’s Goa portfolio grows to 18 hotels, including five under development, underscoring its long-standing commitment to shaping Goa’s tourism landscape.
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