Ascott Unveils Oakwood Erode Resort: A Milestone in Indian Hospitality Expansion

Ascott Unveils Oakwood Erode Resort: A Milestone in Indian Hospitality Expansion

By Author

Published on December 28, 2023

CapitaLand Investment Limited's lodging unit, The Ascott Limited, is set to make a mark in India with the signing of a management agreement for Oakwood Erode Resort in Tamil Nadu. The collaboration with Sensation Hospitality Avenues LLP, the hospitality arm of Sensation Infracon, signifies a strategic move in Ascott's expansion across India.

Located in the vibrant city of Erode, Oakwood Erode Resort aims to redefine luxury and comfort. The signing ceremony, graced by Hoshang Garivala, Country General Manager, Ascott International Management India Pvt. Ltd, along with representatives from Sensation Infracon, marks a significant step in bringing unparalleled hospitality to esteemed guests.

Erode, strategically positioned on the banks of the Kaveri River and surrounded by the Western Ghats, has emerged as a key investment destination for the hospitality sector. Its connectivity through the Bangalore-Coimbatore-Kerala route and ongoing infrastructural development have enhanced its appeal as a travel and business hub.

Scheduled to be operational by December 2026, Oakwood Erode will be situated in Periyasemure, Sathy Road, offering a modern façade, 90 rooms, diverse dining options, and versatile meeting spaces. The hotel is poised to cater to the varied needs of both leisure and business travelers.

Hoshang Garivala expressed excitement about the collaboration, stating, "We are thrilled to unveil our latest addition in the vibrant city of Erode in collaboration with Sensation Infracon. The new property epitomizes elegance, offering guests an oasis of tranquility and sophistication. This property embodies our unwavering commitment to redefining luxury and delivering exceptional hospitality."

Khushbu Kumari, Partner at Sensation Hospitality Avenues LLP, shared the enthusiasm, saying, "We are excited to bring the Oakwood Resort brand to Erode, a city known for its cultural heritage and economic significance. Our aim is to elevate the hotel to high international standards and offer guests an exceptional stay experience while exploring the scenic beauty of the state."

As Ascott continues to strengthen its presence in India, Oakwood Erode Resort emerges as a testament to its commitment to delivering world-class hospitality experiences. The hotel's strategic location and focus on blending regional charm with contemporary amenities align with the rich cultural legacy of Erode, promising an extraordinary stay for every guest. Cheers to the new era of luxury in the heart of Tamil Nadu!


IHCL Reports Strong FY 2025-26 Results with Record Sixteenth Quarter

IHCL Reports Strong FY 2025-26 Results with Record Sixteenth Quarter

By Manu Vardhan Kannan

Published on May 15, 2026

The Indian Hotels Company Limited (IHCL) has announced its consolidated financial results for the fourth quarter and full year ending March 31st, 2026, achieving its sixteenth consecutive quarter of record performance.

For the full financial year FY2025-26, IHCL reported revenue of INR 9,971 crores, reflecting a 16% year-on-year growth. The company recorded EBITDA of INR 3,477 crores and delivered its highest-ever Profit After Tax (PAT) of INR 2,084 crores.

For Q4 FY2026, IHCL posted consolidated revenue of INR 2,845 crores, marking a 14% increase over the previous year. EBITDA stood at INR 1,052 crores with an EBITDA margin of 37%, despite challenges arising from the West Asia conflict.

Commenting on the performance, Puneet Chhatwal, Managing Director & CEO, IHCL, said, “Q4 FY2026 marks sixteenth consecutive quarter of record performance with a Consolidated revenue of INR 2,845 crores, a 14% growth over the previous year, EBITDA of INR 1,052 crores and an EBITDA margin of 37%, notwithstanding the impact of West Asia conflict. For FY2026, the company delivered on its guidance of double-digit revenue growth despite macro-headwinds with revenue of INR 9,971 crores, a growth of 16% leading to an all-time high EBITDA of INR 3,477 crores, EBITDA margin of 34.9% resulting in the best ever PAT of INR 2,084 crores.”

He further added, “IHCL, led by its multi-brand presence across segments coupled with a balanced growth strategy focused on capital light with select investments has delivered consistent performance over sixteen quarters.”

During FY2026, IHCL introduced three new brands, increasing its portfolio of major brands to fourteen. The company also achieved a milestone of 250 hotel signings, taking its overall portfolio to 630 hotels with a pipeline of 255 hotels.

The company further expanded through both inorganic and organic growth, opening or onboarding over 130 hotels across segments. Its expansion strategy strengthened its position in luxury, experiential leisure, and mid-scale hospitality markets.

IHCL also maintained a strong financial position with a gross cash balance of INR 4,345 crores as of March 31st, 2026. The company has proposed a dividend of 25% of Consolidated PAT before exceptional items, including a special dividend to mark IHCL’s 125th Annual General Meeting.

According to the company, FY2026 focused on building a resilient, scalable, and future-ready hospitality ecosystem while continuing long-term growth plans.


Sheraton Grand Palace Indore Launches “Sarafa se Chappan” Culinary Experience

Sheraton Grand Palace Indore Launches “Sarafa se Chappan” Culinary Experience

By Hariharan U

Published on May 15, 2026

Sheraton Grand Palace Indore has introduced a new immersive dining concept titled “Sarafa se Chappan,” designed to celebrate the vibrant street food culture of Indore through a curated culinary journey.

The experience brings together the iconic flavours of Sarafa Bazaar’s lively night food scene and the diverse offerings of Chappan Dukan, two of the city’s most celebrated culinary destinations. Hosted at S Café, the initiative transforms familiar street food favourites into a refined, sit-down dining format while preserving their authenticity and regional character.

The specially curated menu features a wide range of Indori street food staples, including Potato Hot Dog, Sweet Potato Spiral, Jeeravan Spiced Corn, Indori Chatpati Bhel, and Tandoori Fruits. Complementing the food selection are locally inspired beverages such as Jamun Shots and Pineapple Crusher, designed to reflect the bold, tangy, and refreshing flavours associated with Indore’s street culture.

The concept is built around storytelling through food, where each dish represents a sensory connection to the city’s culinary heritage. By blending nostalgia with presentation-driven dining, the experience aims to recreate the energy and vibrancy of Indore’s bustling food streets within a premium hospitality setting.

According to the hotel, the initiative is designed to offer guests more than just a meal, focusing instead on immersive dining that engages taste, memory, and culture. The emphasis remains on authenticity, creativity, and regional identity, while presenting street food in a structured and elevated format.

The “Sarafa se Chappan” experience will be available every weekend from 7:00 PM to 11:00 PM at Sheraton Grand Palace Indore, offering guests a curated journey through one of India’s most celebrated food cities.


Rohan Sable Appointed CEO of Charcoal Concepts

Rohan Sable Appointed CEO of Charcoal Concepts

By Hariharan U

Published on May 15, 2026

Charcoal Concepts, the multi-brand restaurant platform under K Hospitality Corp, has announced the appointment of Rohan Sable as its new Chief Executive Officer, marking a significant leadership move for one of India’s leading food services groups.

In his new role, Rohan Sable will oversee the strategic direction, growth, and operations of a diverse portfolio of more than 45 restaurants across India and international markets including London, Colombo, Kuwait, and Dubai. His responsibilities include driving brand vision, business expansion, and operational excellence across marquee brands such as Copper Chimney, Bombay Brasserie, Bombay Borough, and Wagamama India, while also leading new concept development and incubation within the group.

With over 25 years of experience in the hospitality and restaurant industry, Rohan brings a strong track record in operations, brand building, and business expansion. His career includes leadership roles such as Regional COO (South India) at PVR INOX Ltd and Area General Manager Delegate at Accor, along with extensive experience across both Indian and international hospitality formats.

His appointment comes at a time when Charcoal Concepts is entering an ambitious growth phase. The company aims to evolve into India’s premier multi-brand, multi-format, cuisine-driven restaurant powerhouse by 2033. The strategic roadmap includes scaling its footprint from its current presence of 35 outlets in India and 5 international outlets to over 272 outlets across India and global markets over the next eight years.

Under Rohan’s leadership, the company will focus on accelerating expansion, strengthening existing brands, and introducing new dining formats aligned with evolving consumer preferences. His approach is expected to balance operational discipline with innovation, ensuring scalability while maintaining strong brand identity and guest experience.

The leadership transition reinforces Charcoal Concepts’ commitment to innovation, growth, and delivering distinctive dining experiences across markets, further strengthening its position in India’s rapidly evolving food and beverage industry.

For more information, visit K Hospitality Corp

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