Atmosphere Living to Invest INR 500 Crore in India's Luxury Real Estate

Atmosphere Living to Invest INR 500 Crore in India's Luxury Real Estate

By Nithyakala Neelakandan

Published on August 12, 2024

Atmosphere Living India, a subsidiary of Atmosphere Living Dubai, has announced a significant investment of INR 500 crore in India's luxury real estate market. This expansion plan focuses on developing ultra-luxury serviced homes in prime locations, including Goa, Lonavala, Himachal Pradesh, Jaipur, and Mysore. The company aims to seamlessly integrate real estate with hospitality, offering a unique living experience that blends luxury with convenience.

In addition to these developments, Atmosphere Core, the hospitality division of the group, plans to launch new hotels in Kolkata, Coorg, and Bhopal within the next three months. These hotels will be accompanied by luxury villas, which will be sold and managed alongside the hospitality services, enhancing the synergy between real estate and hospitality in South Asia.

Sandeep Ahuja, CEO of Atmosphere Living, said "Luxury villas will be constructed and sold alongside these hotels by Atmosphere Living, further enhancing the synergy between real estate and hospitality. This will be a unique blend of real estate and hospitality to South Asia. With our upcoming projects, we aim to set new benchmarks in ultra-luxury living, beginning with our flagship Ozen-branded residences in Mussoorie."

Atmosphere Living offers a unique investment model, allowing elite homeowners to lease their properties back to the company. This arrangement provides homeowners with a lucrative income stream while benefiting from world-class hospitality services, making it an attractive option for those seeking both luxury living and investment opportunities.

With these projects, Atmosphere Living aims to redefine the concept of luxury living in India, offering a blend of residential comfort and high-end hospitality that caters to the discerning needs of modern homeowners. The company’s investment in India signals a broader strategy to establish a strong presence in South Asia's luxury real estate market, with plans to expand both domestically and internationally.


Papa Johns India Celebrates Father’s Day with Interactive Pizza-Making Experience

Papa Johns India Celebrates Father’s Day with Interactive Pizza-Making Experience

By Hariharan U

Published on June 21, 2026

Papa Johns India marked Father’s Day with a unique and interactive celebration, hosting a special pizza-making experience for fathers and their children at its Hennur and Kasturi Nagar outlets in Bengaluru on June 21, 2026.

Designed to encourage meaningful family bonding, the event brought together registered father-child duos for a hands-on culinary session where participants created their own pizzas under the guidance of Papa Johns chefs. The initiative aimed to transform a traditional dining experience into an engaging activity centred around togetherness and shared memories.

During the event, participants wore branded aprons and caps while learning the art of pizza-making from scratch. The experience also featured Father’s Day-themed games, instant photography sessions, Polaroid keepsakes, and interactive activities designed to make the celebration memorable for families.

Commenting on the initiative, Prashant Mehta, Director of Papa Johns India, said the brand views Father’s Day as an opportunity to celebrate family connections and create meaningful experiences beyond dining. He noted that the event was designed to bring families together through teamwork, creativity, and shared moments in the kitchen.

The sessions concluded with pizza tasting, trivia activities, and group photographs, allowing participants to enjoy the creations they made together.

Through this experience-led activation, Papa Johns India continues to strengthen customer engagement while showcasing the craftsmanship, quality ingredients, and preparation techniques that define its pizzas. The initiative reflects the brand’s growing focus on creating memorable in-store experiences that connect customers with the food and the people they share it with.

Operated in India by PJP Foods India Private Limited under the Ambrosia QSR platform, Papa Johns India continues to expand its presence through dine-in, takeaway, and delivery formats while staying true to its global promise of “Better Ingredients. Better Pizza.”


Summit Hotels Begins FY2026-27 with Nearly 40% Growth, Driven by Sikkim and Darjeeling Demand

Summit Hotels Begins FY2026-27 with Nearly 40% Growth, Driven by Sikkim and Darjeeling Demand

By Manu Vardhan Kannan

Published on June 14, 2026

Summit Hotels & Resorts has started FY2026-27 on a strong note, reporting nearly 40% growth in business during April and May. The company attributes the performance to continued demand for leisure travel in the Eastern Himalayas and the growing preference among travellers for established regional hospitality brands.

During the first two months of the financial year, the hospitality group sold more than 37,000 room nights, with occupancy across its portfolio reaching 78.9%. Average room rates also crossed ₹6,000, highlighting stronger pricing power across several key destinations.

The growth comes despite a temporary slowdown in travel activity in parts of eastern India during the West Bengal Assembly election period. According to the company, destinations across Sikkim and the Darjeeling Hills were the strongest contributors to performance, supported by repeat guests and rising demand for premium mountain getaways.

image

Commenting on the performance, Sumit Mitruka, CEO, Summit Hotels & Resorts, said, "We entered the year expecting healthy demand, but the pace of bookings has been stronger than anticipated. What stands out is not just the occupancy but the ability of travellers to continue choosing these destinations despite temporary disruptions. The appetite for experiential leisure travel remains strong, and we are seeing that translate into both room revenue and higher spending within our hotels."

Alongside room revenues, the company also reported healthy growth in food and beverage sales during the period. Guest review scores remained among the highest across its operating markets, reflecting strong customer satisfaction levels.

Building on this momentum, Summit Hotels is now expanding its business model beyond its owned and managed properties in the Eastern Himalayas. The company is actively seeking partnerships with independent hotels, boutique resorts, heritage properties, wildlife lodges, and spiritual retreat destinations across India.

The initiative is designed for hotel owners looking to benefit from organised distribution channels and professional revenue management while retaining ownership and operational control of their properties.

Unlike conventional affiliation models that often require significant upfront investments, Summit's partnership approach focuses on shared growth. Partner properties can maintain their individual identity while gaining access to the company's central reservation system, revenue management expertise, digital marketing support, technology platforms, and hospitality manpower network.

Having completed 18 years in the hospitality industry, Summit believes significant opportunities exist within India's large independent hotel sector, where many properties have strong local appeal but limited access to organised brand support and distribution systems.

With booking momentum continuing into June and advance reservations already nearing last year's levels, the company remains optimistic about sustained demand across leisure and destination travel markets in the coming quarters.


Suba Hotels Ltd Reports Record ₹115.89 Cr Revenue in FY26, Expands to 100+ Hotels

Suba Hotels Ltd Reports Record ₹115.89 Cr Revenue in FY26, Expands to 100+ Hotels

By Hariharan U

Published on June 12, 2026

Suba Hotels Limited (NSE – SME: SUBAHOTELS) has announced its audited financial results for the year ended March 31, 2026, reporting its strongest-ever annual performance alongside significant expansion across its hotel portfolio.

The company’s total revenue rose to ₹115.89 crore in FY26, marking a 45% year-on-year growth. EBITDA increased by 13% to ₹26.82 crore, while Profit After Tax (PAT) stood at ₹18.01 crore, reflecting a 19% rise compared to FY25.

Commenting on the performance, Managing Director Mansur Mehta said FY26 has been a landmark year for the company, driven by strong execution and expansion across markets. Suba Hotels expanded its presence to over 102 operational hotels, 4,660+ keys, and 73 destinations during the year.

He highlighted that one of the company’s key strengths lies in its ability to operate across all five hospitality business models management contracts, revenue sharing, franchising, asset ownership, and hybrid structures, making Suba Hotels one of the few hospitality players in India with such a diversified operational framework.

This flexibility allows us to partner with hotel owners effectively and accelerate expansion across segments,” he said.

CEO Mubeen Mehta noted that the scale achieved in FY26 reflects the strength of the company’s operating platform and execution capabilities. He added that revenue growth was supported by network expansion and improved business volumes across brands.

He also pointed out that EBITDA and PAT margins were impacted due to changes in the GST framework, which led to the loss of input tax credit benefits on certain operating expenses, increasing the overall cost base.

Looking ahead, the company plans to continue expanding through asset-light models, improving operational efficiency, and strengthening its presence in high-growth markets. With a strong pipeline and over 100 hotels already operational, Suba Hotels remains confident of sustaining its growth trajectory.

Stay up-to-date with the latest Hospitality news and trends in the Hospitality industry!

Subscribe to Hospitality news e-magazine for free and never miss an issue.

By clicking subscribe for free you agree to the Terms & Conditions and acknowledge our Privacy Policy.

Advertise With Us

We have various options to advertise with us including Events, Advertorials, Banners, Mailers, etc.