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By Nithyakala Neelakandan
Published on October 6, 2024
Hyatt Hotels Corporation has completed the acquisition of Standard International, parent company of The Standard and Bunkhouse Hotels brands. This acquisition enhances Hyatt’s position in the lifestyle segment, adding well-known boutique and lifestyle hotels to its growing portfolio.
The acquisition includes management, franchise, and licensing contracts for 22 hotels, totaling about 2,000 rooms, such as The Standard, London, The Standard, High Line in New York City, and The Standard, Bangkok Mahanakhon. The acquisition also adds The Manner, a new lifestyle hotel in SoHo, New York, which recently opened and hosted several New York Fashion Week afterparties. Other properties set to open later this year include The Standard, Singapore; Hotel Saint Augustine in Houston; and The StandardX, Bangkok.
Standard International’s robust residential business is also part of the acquisition. Currently, Standard Residences are under development in cities like Miami, Lisbon, and Mexico City, while completed Bunkhouse Residences include Hotel Saint Cecilia in Austin, Texas.
Mark Hoplamazian, President and CEO of Hyatt, commented, "The development community knows an industry game-changer when they see it, and the enthusiasm for bringing together the ethos of The Standard and Bunkhouse brands and the power of Hyatt’s network and distribution system is palpable. Developers love this combination as much as we do."
The acquisition also includes more than 30 future projects with signed agreements or letters of intent. To support this growing segment, Hyatt plans to introduce a dedicated Lifestyle group headquartered in New York City, with additional offices in Austin and Bangkok. Amar Lalvani, former Executive Chairman of Standard International, will lead the new Lifestyle group as President & Creative Director.
“The lifestyle segment isn’t for the faint of heart, it takes creativity and commitment,” Lalvani said. “But if you get it right, you reap the benefits of outsized guest loyalty and outsized developer returns. The beauty of this combination is that Hyatt respects the creativity and freedom required to deliver the experiences we do, and we respect the value of Hyatt’s storied history, global infrastructure and best-in-class commercial services.”
In addition to its focus on the lifestyle segment, Hyatt continues expanding across other areas. The company has the largest collection of luxury all-inclusive resorts globally, and its select service portfolio represents half of its pipeline, driving the expansion of Hyatt-branded properties into new markets. Hyatt also plans to announce a dedicated luxury group with distinct leadership focusing on delivering exceptional services for guests at the luxury level.
“Our transformation to an asset-light business model has been a resounding success, and now it’s time to evolve our organization to propel us into the future, benefiting our guests, members, customers, owners and shareholders along the way,” added Hoplamazian. “This is not about prioritizing one segment over another; this is about aligning our internal resources and expertise to care even more deeply for guests, customers and owners across our entire portfolio.”
Since 2017, Hyatt’s brand portfolio has grown by 86%, tripling the number of World of Hyatt members. This growth has also increased room night penetration for members, reflecting the effectiveness of Hyatt's expansion strategy.
Image Credits: Hyatt
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By Manu Vardhan Kannan
Published on June 2, 2025
ELIVAAS, the luxury vacation rental brand, has announced the opening of Sirmour Baag, a 16-cottage eco-retreat set amidst the tranquil hills of Kasauli, Himachal Pradesh. Spread across one acre, the new property blends sustainable hospitality with immersive nature-based experiences, offering a haven for conscious travellers.
Each of the 16 standalone cottages features wooden interiors, private decks, jacuzzis, skylights, and panoramic views of pine-covered hills. Built with eco-conscious design in mind, the cottages offer both heating and air conditioning, allowing guests to enjoy the retreat year-round.
The retreat is also pet-friendly, with open green spaces that welcome animal companions. Guests can enjoy a variety of experiences including indoor and outdoor games, a clubhouse accommodating up to 60 guests, picnic areas, and nature trails that connect visitors with the local environment.
Dining at Sirmour Baag is focused on traditional Himachali cuisine, served in an open-air setting, adding to the retreat’s commitment to local culture and sustainable living. A chef-on-call, concierge service, and round-the-clock caretaker support ensure a personalised and comfortable stay.
“Sirmour Baag is a reflection of our vision to offer a new kind of luxury travel that combines comfort with authenticity,” said Ritwik Khare, Founder and CEO of ELIVAAS. “We believe that today’s travellers seek more than just a place to stay—they want an immersive experience that connects them to nature, local culture, and sustainable practices.”
The property avoids single-use plastics and instead provides biodegradable amenities such as jute slippers, wooden combs, and refillable toiletries, reinforcing ELIVAAS’ focus on low-impact travel.
With the launch of Sirmour Baag, ELIVAAS continues to expand its footprint in offbeat destinations, promoting community engagement and responsible tourism as core values of its brand.
Raffles Udaipur has unveiled its latest luxury offering, Raffles Lakeshore Udaipur, nestled on the tranquil shores of Udai Sagar Lake. The newly launched property boasts 36 carefully crafted accommodations, including 28 rooms and 8 suites, designed with influences from colonial-era aesthetics and the intricate artistry of Rajasthan.
Framing breathtaking views of the lake through expansive windows, the interiors feature bespoke furnishings, natural textures, and calming tones that together exude an ambiance of refined serenity. The suites, equipped with freestanding bathtubs and thoughtfully chosen palettes, are curated to offer guests a space for quiet reflection and luxurious comfort.
“This launch represents a significant milestone in our commitment to redefining luxury hospitality in Udaipur,” said Ratan Kant Sharma, Owner, Vardha Enterprises Pvt. Ltd. “We continue to set new benchmarks by blending heritage, elegance, and world-class service.”
Richard Schestak, Vice President Operations, Asia Pacific, Raffles & Fairmont, added, “Lakeshore is a proud continuation of the Raffles legacy—an invitation to enjoy world-class hospitality while remaining deeply connected to the cultural fabric of the destination.”
The property offers more than luxurious rooms. Guests can enjoy an infinity pool by the lake, manicured lawns with native flora, and meandering pathways designed to encourage connection with the natural beauty of the surroundings.
“Raffles Lakeshore Udaipur is more than a destination—it’s an evolution,” said Rajesh Namby, General Manager, Raffles Udaipur. “It embodies our dedication to creating extraordinary experiences while embracing the cultural soul of this enchanting city.”
With this addition, Raffles Udaipur continues to elevate luxury hospitality in the region, merging timeless service with the richness of Rajasthan’s heritage.
By Nishang Narayan
ITC Hotels Limited (ITCHL) has announced the signing of its latest Welcomhotel property in Bodhgaya, Bihar, in partnership with Kumar Infratrade Enterprises Private Limited. This marks the brand’s strategic foray into another of India’s prominent spiritual destinations, reinforcing its presence in culturally significant locations.
Spanning a generous 18-acre plot, the upcoming Welcomhotel by ITC Hotels Bodhgaya will feature 98 well-appointed guest rooms, a 2,000-seat main auditorium, a secondary 500-seat venue, and a banqueting space of 800 sqm, catering to both leisure and large-format event needs. Guests will also enjoy facilities like an all-day dining outlet, a specialty restaurant, swimming pool, and a spa.
Anil Chadha, Managing Director, ITC Hotels, commented on the development:
"We are proud to announce the signing of ‘Welcomhotel by ITC Hotels Bodhgaya’ in Bihar, a milestone that marks ITCHL's commitment to offering our signature hospitality in culturally rich destinations. Situated in the holy town of Bodhgaya, this property shall offer not only comfort but an immersive experience for travellers."
Manish Kumar, Director, Kumar Infratrade Enterprises Private Limited, added:
“We are excited to have entered into agreement for Welcomhotel by ITC Hotels Bodhgaya with ITC Hotels Limited. It is a matter of pride for us to develop this new hotel with the vision and support of the Government of Bihar.”
Conveniently located just 10 km from Gaya International Airport, the hotel will be easily accessible from Gaya, as well as nearby cities like Patna, Asansol, Dhanbad, Ranchi, and Varanasi. The project is expected to bolster Bodhgaya’s hospitality infrastructure, offering travellers a refined and culturally resonant stay.
This move by ITC Hotels further cements its commitment to promoting responsible tourism and regional development, aligning with Bihar’s growing efforts to enhance its pilgrimage and heritage tourism offerings.
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