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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 Hariharan U
Published on May 21, 2026
Brandywine Realty Trust has officially opened The Brandywine, a new boutique hospitality destination on Philadelphia’s Main Line, marking a significant addition to the region’s luxury hotel landscape.
The Marriott Bonvoy Tribute Portfolio property officially opened on May 15, 2026, in Radnor, Pennsylvania, offering a blend of contemporary hospitality, heritage-inspired design, and elevated culinary experiences for both leisure and business travellers.
The hotel features 121 guest rooms and suites, flexible event and meeting spaces, multiple dining venues, and a range of modern amenities including a 24/7 fitness centre, communal gathering spaces, in-room dining, and pet-friendly accommodations.
Speaking on the launch, Jerry Sweeney said the property combines timeless hospitality with modern comfort while celebrating the heritage and culture of the Main Line region.
A key feature of the property is Laurel, a 1,500-square-foot event venue designed for meetings, private dining, receptions, and celebrations. The venue includes retractable partitions, natural lighting, landscaped patio access, and a curated catering program.
The hotel’s culinary offerings include Merrick's Tavern, a tavern-style dining concept serving regional American cuisine alongside bourbon-focused beverage selections, and Pomelo Rooftop Terrace, a rooftop destination opening later this season with craft cocktails, coastal-inspired dishes, and panoramic views.
The architecture for the property has been led by DLR Group, while interiors were designed by Restoration Hardware and Bergmeyer, drawing inspiration from vintage train travel and the historic character of the Main Line region.
The property also incorporates sustainability-focused landscape design by Jonathan Alderson Landscape Architects, using native plantings and rainwater infiltration systems to reduce environmental impact.
Situated near SEPTA regional rail connectivity and several universities, healthcare campuses, and cultural attractions, The Brandywine is expected to cater to growing regional demand ahead of major events including the FIFA World Cup 2026 and MLB All-Star Week 2026.
As part of Marriott International’s Tribute Portfolio collection, guests at The Brandywine will also be able to earn and redeem Marriott Bonvoy loyalty points during their stays.
By Manu Vardhan Kannan
Published on May 20, 2026
As Mumbai experiences rising temperatures and intense humidity during the summer season, Four Seasons Hotel Mumbai is offering guests an opportunity to slow down and recharge through a new wellness experience at The Spa.
Called "Renew & Restore," the specially curated treatment has been designed as a seasonal wellness journey that aims to provide a refreshing escape from the city's fast pace and summer heat. Focused on relaxation and overall wellbeing, the experience is crafted to ease stress, support balance and leave guests feeling lighter and refreshed.
The wellness journey begins with a calming welcome ritual and a soothing foot cleanse to create a sense of relaxation from the very beginning.
Guests are then taken through a 90-minute customised massage designed to reduce physical tension and encourage deeper relaxation. This is followed by a 60-minute personalised facial tailored to refresh the skin and bring out a natural glow.
To further enhance the experience, mindful breathing techniques and gentle stretches are integrated throughout the treatment, helping create a feeling of calm and balance.
The journey concludes with a nourishing closing ritual, leaving guests with a sense of renewal and restoration aligned with the needs of the summer season.
The complete Renew & Restore experience is available for a duration of 150 minutes, offering guests a dedicated wellness break within the heart of Mumbai.
Published on May 19, 2026
Kairali Ayurvedic Group has announced its entry into ultra-luxury hospitality with the launch of Villa Raag by Kairali, a yoga-inspired beachfront boutique retreat located at Agonda Beach in South Goa.
Designed as a private sanctuary for global travellers, the property blends Ayurvedic wellness philosophy with contemporary luxury living, offering an experience focused on privacy, mindfulness, and personalised healing. Spread across two acres, the retreat features just six elegantly designed rooms within a single exclusive beachfront villa.
The property offers a curated luxury experience with private butler and concierge services, direct beachfront access, yoga and meditation spaces overlooking the sea, a temperature-controlled saltwater pool, Zen gardens, a rooftop meditation pavilion, and a gourmet in-house kitchen.
According to Abhilash K Ramesh, Executive Director of Kairali Ayurvedic Group, Villa Raag is designed to deliver a five-star wellness experience where nature, comfort, and refined living come together seamlessly. He described the property as a sanctuary that blends serenity, exclusivity, and personalised hospitality, with a strong focus on privacy and experiential luxury.
The architectural vision of Villa Raag has been crafted by Kochi-based Durga Sarath Architects, bringing together coastal design, natural landscapes, and wellness-centric spatial planning to create a quiet, immersive environment for guests.
Each villa room features bespoke interiors, premium amenities, and private terraces overlooking the Arabian Sea, ensuring a highly personalised and secluded stay experience tailored for individuals, couples, families, and small groups.
The retreat places a strong emphasis on customised wellness journeys rather than structured group programs. Guests can access one-on-one yoga sessions, meditation guidance, and holistic healing programmes designed around individual needs, fitness levels, and wellness goals.
Future offerings at Villa Raag are expected to include curated wellness experiences such as Hatha and Vinyasa yoga, restorative therapies, mindful nutrition workshops, and transformational wellness programmes like Mind Renewal, Joint Revival, and Metabolic Reset.
Located in the Canacona region, Agonda Beach has increasingly emerged as a preferred destination for wellness travellers and slow tourism seekers, known for its tranquil coastline and growing reputation as a luxury wellness hub.
With over a century of Ayurvedic heritage, Kairali Ayurvedic Group brings its legacy into the hospitality space through Villa Raag, expanding beyond its established wellness centres and award-winning healing village in Kerala into experiential luxury retreats.
The launch marks a significant step in redefining Goa’s hospitality landscape by positioning wellness, Ayurveda, and slow living at the centre of luxury travel experiences.
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