Shri Ram Multicom Embarks on Major Expansion with Acquisition of Sarga Hotels

Shri Ram Multicom Embarks on Major Expansion with Acquisition of Sarga Hotels

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.

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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.


ITC Maratha Marks 25 Years as a Timeless Symbol of Luxury and Mumbai Hospitality

ITC Maratha Marks 25 Years as a Timeless Symbol of Luxury and Mumbai Hospitality

By Hariharan U

Published on January 21, 2026

ITC Maratha, one of Mumbai’s most recognised luxury hotel landmarks, celebrates 25 years of hospitality excellence this year, marking a journey shaped by refined service, culinary distinction, and a deep-rooted commitment to Indian traditions. Since opening its doors in 2001, the hotel has remained a preferred address for business leaders, diplomats, and discerning travellers, blending architectural grandeur with understated luxury.

Over the years, ITC Maratha has earned a strong reputation as a culinary destination in the city. Its diverse dining portfolio reflects both depth and craftsmanship. Avartana continues to redefine Southern Indian cuisine through progressive tasting menus inspired by flavours from across the peninsula. Dum Pukht remains a celebrated name for its slow-cooked Awadhi specialities, while Peshawri draws from the culinary legacy of the North West Frontier with robust flavours and traditional clay oven cooking. Yi Jing offers refined Chinese cuisine with a focus on Hunan and Sichuan influences, while Peshwa Pavilion serves an elegant all-day dining experience. Bombay High, the hotel’s lounge and bar, remains a relaxed setting for conversations and evening gatherings.

Strategically located near Mumbai International Airport and key business districts, ITC Maratha combines accessibility with a sense of calm, making it equally suited for business travel and leisure stays. The hotel has evolved alongside the city while staying true to its philosophy of bespoke service and gracious Indian hospitality.

Reflecting on the milestone, Bhagwan Balani, General Manager, ITC Maratha, Mumbai, said, “Completing 25 years is a moment of great pride for all of us at ITC Maratha. This journey has been shaped by the trust of our guests, the dedication of our associates, and the values that define ITC Hotels. Our focus has always been on delivering refined luxury rooted in Indian hospitality, while evolving thoughtfully with the times.”

Sustainability has been a key pillar of ITC Maratha’s operations. In line with ITC Hotels’ Responsible Luxury philosophy, the hotel holds LEED Zero Carbon and LEED Zero Water certifications from the U.S. Green Building Council, highlighting its focus on energy efficiency, water stewardship, and environmentally conscious practices.

Known for hosting landmark weddings, high-profile conferences, and intimate celebrations, ITC Maratha has become a trusted venue for moments that matter. Its engagement with Mumbai’s cultural fabric through art showcases, culinary collaborations, and curated events further strengthens its connection with the city.

As it looks ahead, ITC Maratha aims to build on its rich legacy, continuing to offer world-class hospitality while staying committed to responsibility, innovation, and meaningful guest experiences.


Four Seasons Bengaluru Introduces The Wine Studio for Curated Wine Experiences

Four Seasons Bengaluru Introduces The Wine Studio for Curated Wine Experiences

By Hariharan U

Published on January 21, 2026

Four Seasons Hotel Bengaluru has added a new chapter to the city’s evolving luxury dining scene with the launch of The Wine Studio: Curated by CUR8. Designed as one of India’s first dedicated wine studios, the space places wine firmly at the centre of the experience, blending heritage, expertise and modern sensibilities in an intimate setting.

Inspired by humanity’s long-standing relationship with wine, the studio reflects a thoughtful approach to wine appreciation, where each pour tells a story of origin, craftsmanship and time. Known for its strong beverage philosophy, Four Seasons Bengaluru has envisioned The Wine Studio as a refined enclave where wine is not just served, but explored with intention and curiosity.

At the heart of the concept is flexibility and personal choice. Guests are encouraged to create their own cheese boards, discover boutique Indian wine labels, or explore celebrated international vintages ranging from Indian Chenin Blancs to classic Burgundies. The studio adapts seamlessly to private gatherings, sommelier-led masterclasses, tastings, and even business meetings, adding a cosmopolitan layer to Bengaluru’s dining culture.

As India’s wine-aware audience continues to grow, The Wine Studio offers a space tailored for both seasoned connoisseurs and curious newcomers. Seasonal pairings, guided tasting sessions and immersive classes invite guests to deepen their understanding of wine in a setting that is elegant yet approachable.

The experience calendar includes curated journeys such as The Grand Tour de France, featuring wines from Bordeaux to Burgundy paired with artisanal cheeses and freshly sliced baguettes, and The Italian Wine and Cheese Soirée, which showcases bold reds alongside Prosciutto di Parma and regional Italian flavours. Each experience is designed to be interactive, educational and indulgent.

Great wine has always brought people together, and at Four Seasons, we see that as an extension of our philosophy of exceptional hospitality. The Wine Studio allows guests to explore wines not just as beverages, but as stories - of terroir, craftsmanship, and time. Our aim was to create a space where curiosity is welcomed, expertise is shared generously, and every tasting feels personal,” says Biswajit Chakraborty, General Manager, Four Seasons Hotel Bengaluru.

With this launch, Four Seasons Bengaluru continues to reinforce its position as a leader in luxury hospitality, offering experiences that are refined, immersive and aligned with the city’s growing appreciation for global wine culture.


Della Resorts Unveils Curated Luxury Retreat for the Republic Day Long Weekend

Della Resorts Unveils Curated Luxury Retreat for the Republic Day Long Weekend

By Hariharan U

Published on January 18, 2026

As the Republic Day long weekend approaches, Della Resorts & Adventure is inviting travellers to step away from city life and indulge in a curated luxury retreat set amidst the scenic hills of Lonavala. Designed for guests seeking a refreshing escape without travelling far, the Republic Day Retreat offers a relaxed yet indulgent holiday experience close to Mumbai and Pune.

Available from January 25, the retreat features a luxury overnight stay complemented by a complimentary breakfast, a specially curated buffet dinner, and live entertainment, creating an effortless setting for guests to unwind and celebrate the long weekend in comfort.

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Ideal for couples, families, and groups of friends, the experience blends comfort, indulgence, and entertainment, allowing guests to slow down and enjoy a thoughtfully planned staycation. With its expansive property, multiple dining venues, and signature hospitality, Della Resorts continues to position itself as a preferred destination for short luxury escapes.

The Republic Day Retreat is offering an attractive premium getaway option for travellers looking to mark the national holiday with a memorable and relaxing experience in the hills of Lonavala.

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