Restaurant Brands Asia Limited (RBA), the operator of Burger King in India and Burger King and Popeyes in Indonesia, has announced the successful completion of its acquisition by Inspira Global through its food and beverage platform, Lenexis Foodworks Private Limited.

The transaction was completed following the successful conclusion of the mandatory open offer, receipt of all required regulatory approvals, and fulfilment of customary closing conditions. Valued at approximately ₹2,235 crore, the deal is among the largest acquisitions in India's quick-service restaurant (QSR) sector.

Following the completion of the transaction, Inspira Global holds a 41.78 percent stake in Restaurant Brands Asia. Upon the exercise of all warrants, the group's shareholding will increase to 48.04 percent through an additional equity infusion of ₹450 crore. The company's board has also approved the appointment of Madhusudan Agrawal as Chairman and Aayush Agrawal as a Non-Executive Director.

Restaurant Brands Asia will continue to operate the Burger King and Popeyes brands under its existing master franchise and development agreements with Restaurant Brands International Inc. The agreements for Burger King operations in India and Indonesia have recently been extended until 2050, providing long-term operational continuity and supporting the company's future expansion plans.

Commenting on the completion of the transaction, Madhusudan Agrawal, Chairman of Restaurant Brands Asia Limited, said the acquisition marks the beginning of a new chapter for the company. He noted that the focus will remain on strengthening an already established business through patient capital, disciplined governance, and a long-term growth strategy while working closely with the existing leadership team.

Aayush Agrawal, Director of Restaurant Brands Asia Limited, said the acquisition reflects the group's confidence in India's long-term consumption story and its commitment to building a leading food service business through operational excellence, customer-centricity, and disciplined execution.

Backed by fresh capital and an expanded leadership team, Restaurant Brands Asia plans to accelerate restaurant expansion, enhance customer experience, strengthen technology and digital capabilities, improve operational excellence, and create sustainable long-term value for all stakeholders.

Inspira Global is an Indian business group with interests across real estate, food and beverage, pharmaceuticals, luxury home products, and clean energy. Its food and beverage platform, Lenexis Foodworks, operates quick-service restaurant brands including Chinese Wok, The Momo Co., and Big Bowl across India.

Restaurant Brands Asia Limited serves as the national master franchisee for Burger King in India and also operates Burger King and Popeyes restaurants in Indonesia through its subsidiaries.

Espire Hospitality Limited has reported its highest-ever financial performance for FY 2026, delivering strong growth across revenue, EBITDA, and profitability, driven by robust demand across leisure, spiritual, and business travel segments.

For FY 2026, the company posted revenue of ₹14,106 lakhs, marking a 17% increase over the previous year. EBITDA stood at ₹3,190 lakhs, reflecting a 38% growth, while Profit Before Tax (PBT) was ₹1,157 lakhs and Profit After Tax (PAT) stood at ₹812 lakhs.

The company also recorded its strongest quarterly performance in Q4 FY26, with revenue of ₹4,873 lakhs, up 19% year-on-year, and EBITDA of ₹1,096 lakhs, growing 34% over the same period last year. PBT for the quarter stood at ₹436 lakhs, while PAT came in at ₹422 lakhs.

Operationally, Espire Hospitality continued to outperform industry benchmarks. The company reported an Average Daily Rate (ADR) of ₹10,827 compared to the industry average of ₹8,792, and a RevPAR of ₹6,317 versus the industry average of ₹5,745, highlighting its strong pricing power and yield optimization strategy.

During Q4 FY26, the company added six new properties, contributing nearly 250 keys to its portfolio and strengthening its presence across leisure, pilgrimage, and business destinations in India.

A key highlight of the year was the commencement of an ultra-luxury resort project near Vrindavan, with an estimated investment of around ₹300 crore. The property will be operated by Marriott International under the JW Marriott brand, further strengthening the company’s luxury hospitality portfolio.

Espire Hospitality continues to operate across multiple brand segments, including Six Senses Fort Barwara in the ultra-luxury space, ZANA Luxury Escapes in boutique luxury, and Country Inn Hotels & Resorts in the midscale category. The diversified portfolio enables the company to serve multiple customer segments across India’s growing travel market.

The company also outlined a strong development pipeline, with plans to add over 1,000 keys annually over the next three years. Upcoming projects span key destinations including Bengaluru, Mussoorie, Gurugram, Goa, Jaipur, Varanasi, and several spiritual and leisure hubs.

Commenting on the performance, Managing Director & CEO Akhil Arora said FY26 marked a landmark year for the company, driven by record financial results, portfolio expansion, and operational excellence. He highlighted that Espire Hospitality is building a diversified platform across luxury, upscale, midscale, leisure, and spiritual travel segments.

He further added that the company is actively pursuing expansion across major business hubs such as Mumbai, Bengaluru, Chennai, Pune, and Noida, while also strengthening its presence in spiritual destinations like Varanasi, Rishikesh, and Haridwar, as well as leisure destinations including Goa, Darjeeling, and Ooty.

With strong financial performance, an expanding portfolio, and a robust development pipeline, Espire Hospitality enters FY 2027 with significant growth momentum and a clear focus on scaling its presence across India’s hospitality landscape.

Omaxe, one of India’s leading real estate developers, has announced its entry into the hospitality sector with the launch of a dedicated business vertical. The company plans to invest approximately ₹6,200 crore over the next 4–5 years to develop 19 hotels across five states, spanning nearly 5 million sq. ft.

The hospitality portfolio will be developed across high-growth urban centres, pilgrimage destinations, and transit corridors, and will be integrated with Omaxe’s existing townships, mixed-use developments, and commercial projects. The expansion is expected to strengthen the company’s recurring revenue stream while enhancing its integrated development strategy.

Out of the planned 19 hotels, 12 will be located in Uttar Pradesh across cities including Ayodhya, Lucknow, Prayagraj, Ghaziabad, Gorakhpur, Kaushambi, and Vrindavan. Additional projects are planned in New Delhi, Faridabad, and Ujjain, along with four hotels across Chandigarh, Amritsar, and Ludhiana. Overall, Omaxe will establish a presence across 13 cities in five states.

A key highlight of the portfolio is a 158-key Gateway Hotel by IHCL at The Omaxe State in Dwarka, New Delhi. The project is being developed as part of a Public-Private Partnership (PPP) with the Delhi Development Authority (DDA). The company is also developing transit-oriented hospitality infrastructure in Uttar Pradesh in collaboration with UPSRTC.

Speaking on the expansion, Mohit Goel, Managing Director of Omaxe Ltd., said hospitality is a natural extension of the company’s integrated development strategy. He noted that rising connectivity, religious tourism, and growing travel demand across emerging markets are driving the need for quality hospitality infrastructure.

The planned portfolio will cater to multiple segments including business travel, leisure tourism, destination weddings, MICE activities, and religious tourism. It will include midscale, upscale, luxury hotels, pilgrimage properties, and serviced apartments tailored to local demand dynamics.

Omaxe stated that the hospitality business has the potential to generate approximately ₹1,000 crore in annual revenue once stabilized, subject to execution, occupancy levels, and market conditions. The company is also in advanced discussions with leading hospitality operators for branding and management partnerships.

With this move, Omaxe joins a growing list of real estate developers diversifying into hospitality to leverage integrated urban ecosystems and rising tourism demand across India