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By Author
Published on February 2, 2024
In a significant development in the Indian hospitality sector, Shri Ram Multicom has disclosed its plans to acquire Sarga Hotels, as per a resolution approved by the Kolkata bench of the National Company Law Tribunal (NCLAT). This move marks a pivotal point in the company's expansion strategy within the industry.
The acquisition, valued at Rs3.01 billion ($36.20 million), is being facilitated under the framework of the Insolvency and Bankruptcy Code (IBC). The resolution plan has garnered the support of the creditors, who have claims amounting to Rs 8.16 billion ($98.16 million) against Sarga Hotels.
Shri Ram Multicom has a proven track record in the development of Fairfield Hotel and has substantial experience in managing malls and hotels in Jharkhand. The acquisition of Sarga Hotels is expected to bolster the company's presence in the hospitality sector.
Key stakeholders including creditors Rare ARC and JC Flowers Asset Reconstruction Company have expressed their support for Shri Ram Multicom’s resolution plan, indicating a positive reception from the financial sector.
Sarga Hotels, a wholly-owned subsidiary of Shristi Infrastructure Development Corporation, is currently under the ownership of the Kanoria family, who are also known for their management of SREI Infrastructure Finance and Srei Equipment Finance. These companies were previously acquired through the IBC process by the National Asset Reconstruction Company, backed by the government.
The corporate journey of Sarga Hotels has witnessed significant developments. The company entered corporate insolvency in August 2020 and successfully exited the process a year later, following the NCLAT's decision to overturn the initial admission order. Shri Ram Multicom initiated its second admission for the acquisition in February 2022.
Sarga Hotels' key property, The Westin Kolkata Rajarhat, is situated in the New Town area in Kolkata. The hotel is known for its diverse range of accommodations and dining options, including a rooftop bar and the Seasonal Tastes restaurant. It also boasts an event space of 1,225 square meters capable of accommodating up to 1,300 guests. Additional amenities include a fitness center, outdoor pool, spa, gift shop, and complimentary Wi-Fi.
This acquisition by Shri Ram Multicom is set to bring new dynamics to the hospitality landscape, with expectations of enhanced service quality and operational efficiency at Sarga Hotels.
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By Nishang Narayan
Published on June 20, 2025
Cygnett Hotels & Resorts, one of India's fastest-growing hospitality chains, has announced its latest expansion in Uttar Pradesh with the signing of Cozzet Kanpur and Cygnett Inn Vrindavan. These strategic additions strengthen the group’s presence in key Tier-II and religious tourism markets, aligning with its larger goal of establishing a 100-hotel portfolio across India.
Cozzet Kanpur, a brownfield project, is scheduled to open by the end of 2025. The hotel will offer 40 well-appointed rooms, two banquet halls with a combined capacity of up to 10,000 guests, a 60-cover all-day dining restaurant, and a lounge bar—making it an ideal venue for weddings, MICE events, and business stays in the industrial capital of North India.
Cygnett Inn Vrindavan is expected to welcome guests by early 2027. Designed for both business and leisure travellers, the property will feature 60 rooms, an 80-cover restaurant, a rooftop swimming pool, a gym, and banquet facilities accommodating 600–800 guests. With this signing, Cygnett’s total inventory in Vrindavan will rise to 100 rooms, following the earlier addition of Cozzet Vrindavan.
“Uttar Pradesh is a critical market in our strategy as we work toward building a 100-hotel network. We plan to launch 10–12 properties across the state in the next 2–3 years,” said Sarbendra Sarkar, Founder & Managing Director, Cygnett Hotels & Resorts.
Both properties will be located near prominent tourist and cultural attractions—Kanpur, known for its industrial strength and historic landmarks, and Vrindavan, the divine city in Braj Bhoomi, renowned for its association with Lord Krishna.
This growth complements Cygnett’s expanding portfolio, which already includes a presence in Ayodhya, further anchoring its position in both spiritual and commercial travel destinations.
Cozzet represents the brand’s smart, value-driven segment, designed for savvy modern travellers, while Cygnett Inn offers full-service comfort and reliability with a midscale focus—each promising warm hospitality and Cygnetture service.
For more information, visit: www.cygnetthotels.com
In a celebration of luxury hospitality and creative collaboration, Al Habtoor City Hotel Collection hosted a sophisticated cocktail dinner on June 18 at Dear Donna, New Delhi, bringing together India’s leading wedding planners and select media from premier wedding publications.
Set in a graceful white and gold theme, the evening offered an intimate environment to explore the world of destination weddings in Dubai, as envisioned by the Al Habtoor City Hotel Collection, comprising Hilton Dubai Al Habtoor City, V Hotel Dubai – Curio Collection by Hilton, and Al Habtoor Palace.
More than just opulent accommodations, the collection showcased its wide-ranging offerings for weddings—from breathtaking banquets and tailored hospitality to curated entertainment experiences like La Perle, Dubai’s spectacular live show. Attendees had the opportunity to connect, exchange ideas, and explore collaboration opportunities with the Dubai-based team.
Jihane Chakhrouf, Complex Director of Groups, Catering, and Events, remarked,
“India remains a vital market for our destination weddings. This evening strengthened our bonds with the top minds in the Indian wedding industry. We look forward to co-creating unforgettable wedding experiences that seamlessly combine our world-class hotels with Dubai's vibrant lifestyle offerings.”
Carolina Campita, Complex Assistant Director of Marketing, added,
“The Indian wedding planning community is celebrated globally for their unparalleled creativity. Bringing them together allowed us to highlight the essence of Al Habtoor City Hotel Collection and showcase Dubai's exceptional entertainment options. From relaxing spa retreats to spectacular entertainment, our aim is to deliver luxury and enjoyment not only for the bride and groom but for all guests.”
This exclusive evening not only spotlighted the collection’s luxurious venues but also emphasized its deep commitment to the Indian wedding market—positioning Al Habtoor City as a premier destination for bespoke weddings that fuse culinary richness, captivating entertainment, and curated lifestyle experiences.
Published on June 19, 2025
In an era where corporate responsibility and environmental consciousness are more than just buzzwords, Marriott India has taken a bold step forward—transforming words into meaningful, measurable action. On the occasion of World Environment Day 2025, Marriott India proudly announced the achievement of a monumental milestone: 100,000 trees planted across the country.
With a growing portfolio of 150+ hotels, this initiative was more than a one-day campaign—it was a unifying mission. Rooted in the vision of long-term ecological sustainability and inspired by the success of last year’s “Two Trees per Room” program, Marriott India’s latest green stride stands as a compelling testament to how the hospitality industry can be a powerful agent of change.
Last year’s initiative laid the groundwork. With over 32,600 trees planted by 4,900 passionate volunteers, the “Two Trees per Room” drive showed Marriott’s deep-rooted commitment to sustainability. Building on that solid foundation, 2025 witnessed the idea blossom into a national green movement—one that reflects Marriott’s belief that environmental responsibility must be woven into the very fabric of hospitality.
This year, each Marriott hotel in India took ownership of localized tree-planting drives in collaboration with reputable reforestation partners and community leaders. These weren’t symbolic gestures. Trees were planted strategically to revive ecosystems, restore biodiversity, and combat climate change, while also generating employment and awareness at the grassroots level.
“This isn’t just about trees—it’s about legacy,” said a Marriott India spokesperson. “By planting 100,000 trees, we are not only giving back to nature but also nurturing future generations. This initiative is a reflection of our values—of growing responsibly, sustainably, and inclusively.”
Each property embraced the mission with unique fervor. In Bengaluru, for instance, Aloft Bengaluru Whitefield joined the movement with commendable zeal. Under the leadership of General Manager Mr. Hafizullah Baig, 24 spirited volunteers came together to plant 300 trees, reinforcing the belief that local action can lead to national transformation.
“We are proud to be part of a company that not only talks about sustainability but lives it,” Baig shared. “Every sapling we planted today is a promise—for cleaner air, cooler cities, and a healthier planet.”
While the 100,000-tree milestone is momentous, it is far from the finish line for Marriott India. The brand continues to champion a 360-degree approach to sustainability, with initiatives spanning:
Energy-efficient operations using smart automation and green building standards
Waste management systems that reduce, recycle, and repurpose
Responsible sourcing of food and materials that support ethical and eco-conscious suppliers
Local community engagement programs that uplift while educating
Through these collective efforts, Marriott India is not just participating in change—it’s leading it.
Marriott India’s environmental journey is redefining what it means to be a responsible hospitality brand in the 21st century. At a time when climate anxiety is real and urgent, the company’s green vision offers hope, direction, and impact. It’s a reminder that the hospitality sector—so often associated with comfort, luxury, and indulgence—can also be a steward of conservation, compassion, and consciousness.
As the sun set on World Environment Day 2025, tens of thousands of trees stood tall across India—silent sentinels of Marriott’s pledge to protect the planet. A commitment rooted in soil, nourished by intent, and destined to flourish for generations to come.
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