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By Nishang Narayan
Published on July 9, 2024
In a significant move for the luxury real estate sector, SKYE Hospitality has successfully facilitated a landmark deal between Marriott International and Whiteland to develop one of the largest branded residences in Gurugram. This ambitious project, named “Westin Residences,” will be strategically located on the Dwarka Expressway, spanning an impressive 20 acres and aiming to deliver 1600-1800 apartments in total. The initial phase will see the development of 674 units, with the cumulative project cost estimated at around INR 5,600 crores, making it one of the most substantial branded residence projects in India.
The global and Indian branded residence segments have been experiencing rapid growth. According to research by Marriott International, the global branded residence market has surged by 160% over the last decade. Complementing this, SKYE Hospitality's research indicates that India has more than 2300 registered branded residences, which account for approximately 10% of the global supply. Both international 5-star hotel chains and luxury brands outside the hospitality sector are increasingly drawn to this fast-moving market segment. These projects typically target High Net Worth Individuals (HNIs) and Ultra High Net Worth Individuals (UHNIs), with an average ticket size in the range of INR 9-10 crores.
Ankit Kansal, Managing Director of SKYE Hospitality, highlighted the unique appeal of branded residences in India, stating, "Branded residences will continue to grow and evolve in India. It is not just another trophy asset. Rather it aims at a certain lifestyle, which affluent Indians are craving for. These premium residences come with curated top-tier services such as concierge, international-style clubs, holistic wellness, group fitness centres, swanky cafes, and much more."
Kansal further emphasized the collaborative nature of developing branded residences: "The objective is to bring together successful individuals and give them a distinguished living marked by happiness, wellness, and quality time for themselves. Increasingly, brands, developers, and consultants need to work together to define the contours of branded living, offering superlative lifestyles."
Pankaj Pal, Managing Director of Whiteland Developers, expressed his enthusiasm for the Westin Residences project, stating, "We are passionate about rendering an elevated lifestyle to the discerning elite homebuyers of NCR. We are here to rewrite the rules of premium living. Westin Residences will be a distinguished name on the map of NCR property market. Partnering with Marriott would not just give us an immaculate brand name but also help with robust asset management and due-diligence expertise."
India's market for branded residences is set to thrive, supported by a growing concentration of elites with refined tastes. The new generation of Indian HNIs, comprising self-made entrepreneurs, top corporate executives, creative leaders, and next-gen family business scions, is keen on aspirational living marked by both opulence and exclusivity. This trend is expected to drive demand for branded living not only in India's modern metros but also in serene tourist spots.
The Westin Residences project in Gurugram is poised to set a new benchmark for luxury living in India, offering a blend of world-class amenities and an unparalleled lifestyle. As SKYE Hospitality continues to facilitate such groundbreaking deals, the future of India's branded residence market looks exceptionally promising.
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By Nithyakala Neelakandan
Published on October 7, 2024
Minor Hotels, in collaboration with Ares Management, plans to rebrand Reethi Beach Resort as NH Collection Maldives Reethi Resort. The revamped property is expected to reopen in late 2025 after an extensive renovation.
The 129-key resort is situated on a lush island in Hanifaru Bay, Baa Atoll, a UNESCO Biosphere Reserve. Known for its vibrant marine life, the location is home to manta rays, whale sharks, and turtles, and is accessible via a 35-minute seaplane ride from Velana International Airport in Male. Reethi Beach Resort will operate until April 25, 2025, before closing for a six-month renovation, the largest in the resort's 25-year history. This transformation will include upgrades to villas, dining outlets, and leisure facilities, while maintaining the island’s natural beauty.
The NH Collection Maldives Reethi Resort will feature a mix of on-land and overwater villas. With 10 diverse food and beverage outlets—including all-day dining, specialty restaurants, and bars—the resort aims to provide something for every taste. The property will offer a variety of water activities like diving, snorkeling, and fishing, along with land amenities such as a spa, fitness center, and courts for tennis, badminton, and squash.
Puneet Dhawan, Head of Asia at Minor Hotels, shared, "We are excited to partner with Ares Management to introduce a fresh chapter for Reethi Beach Resort under the NH Collection brand. Renowned for its breathtaking marine life, this iconic destination will offer guests an unparalleled Maldivian experience, with enhanced offerings and sustainability at the forefront. We look forward to unveiling the reimagined NH Collection Maldives Reethi Resort in late 2025.
Kieran Bestall, Managing Director at Ares Management, added, "For over 25 years, Reethi Beach Resort has been a sanctuary of tranquillity in the Baa Atoll, offering guests a truly authentic Maldivian retreat. We believe our collaboration with Minor Hotels will redefine this legacy, elevating the resort’s appeal while preserving the essence of its natural beauty and heritage. We are excited about our shared future and what we will accomplish together."
The rebranded resort will join Minor Hotels' other properties in the Baa Atoll, including Anantara Kihavah Maldives Villas and Avani+ Maldives Fares Resort, providing guests with accessible ways to explore one of the Maldives’ richest marine ecosystems. NH Collection Maldives Reethi Resort will be Minor Hotels' ninth property in the Maldives and the second NH Collection property, alongside NH Collection Maldives Havodda Resort, which opened in 2023 in Ghaafu Dhaalu Atoll.
Image Credits: Minor Hotels
Rambha Palace, a majestic 18th-century royal residence, has opened its doors to discerning travellers, offering an immersive experience on the tranquil banks of Chilika Lake, Asia's largest saltwater lagoon. After six years of meticulous restoration, led by renowned tropical modernist architect Channa Daswatte, the palace has been reborn, reflecting its original grandeur and Odisha’s rich cultural heritage. Channa Daswatte, a protégé of the iconic Geoffrey Bawa, has seamlessly blended the palace’s classical architecture with contemporary luxury, creating a unique fusion of past and present.
This remarkable opening enhances Hidden India’s portfolio of boutique luxury hotels, offering a serene escape for travellers looking to explore Odisha’s vibrant history, nature, and traditions. The palace invites guests to unwind and reconnect with nature through its focus on mindfulness and slow living, offering experiences that encourage patrons to pause, reflect, and savour every moment of their stay.
Himangini Singh, co-founder of Hunch Ventures, expressed her excitement during the grand opening, stating, “Rambha Palace is a testament to Odisha’s historical significance. Guests can experience the state’s vibrant culture and traditions in all their grandeur and glory. The region's natural beauty beckons exploration, and I am thrilled to welcome guests to uncover Odisha through the lens of Rambha Palace.” Singh also emphasized the deep cultural roots reflected in the palace’s design and decor.
Sri Lankan architect Channa Daswatte further elaborated, “The architecture of Rambha, with its classical planning and Odisha-inspired textures, offers an immersive experience in the unique design ethos of the region.”
Beyond its architectural splendor, Rambha Palace holds historical significance as the site of the first Utkal Conference, a pivotal event that led to the foundation of the independent state of Odisha. The palace, now a luxurious boutique hotel, offers an unparalleled blend of history, nature, and luxury.
Situated along the shores of Chilika Lake, the palace provides unforgettable bird-watching opportunities, as the region is home to a rich diversity of wildlife. Guests are treated to breathtaking lake views while indulging in the serene surroundings. To ensure a seamless and indulgent experience, each guest is assigned a personal butler throughout their stay.
The culinary offerings at Rambha Palace are equally impressive, with seven distinct cuisines available, including local Odia flavours. The property caters to a variety of dietary preferences, offering vegan and Satvik meals, allergen-free options, and personalised meal plans for those on detox and wellness retreats. Dining options range from a formal dining room and al fresco settings to a poolside cafe, two bars, riverside picnics, and beachside meals.
For those seeking rejuvenation, the Mantnam Spa at Rambha Palace provides a comprehensive wellness experience inspired by ancient Indian practices. Guests can indulge in a range of Ayurvedic therapies, including massages, facials, scrubs, and wraps, along with personalised yoga sessions. Each treatment is designed to promote healing, balance, and longevity, ensuring a refreshing and holistic retreat.
With its meticulous attention to detail and commitment to preserving Odisha’s rich history, Rambha Palace promises to be a unique destination for luxury travellers seeking a blend of cultural immersion, nature, and relaxation.
The Indian Hotels Company (IHCL) has marked impressive growth in the first half of FY 2025, with 35 new signings and 12 hotel openings, bringing its total portfolio to 345 hotels. The company also boasts an industry-leading pipeline of 115 hotels, reflecting its aggressive expansion strategy.
Speaking about this momentum, Suma Venkatesh, Executive Vice President – Real Estate & Development at IHCL, emphasized the buoyancy in the travel and tourism sector. She remarked, "IHCL's record signings in H1 FY 2025 across our diverse brandscape is a testament to the trust of our partners and the premium positioning of our brands. This expansion aligns with the growing demand for hospitality beyond India's top ten cities, as 70% of our new signings are in emerging markets like Srinagar, Varanasi, Mangalore, Kanpur, Mysore, Hosur, and Lonavala."
Venkatesh also highlighted IHCL's international growth, with signings in Bhutan and Bahrain, and a 200-key Taj project set to launch in Ranchi. These strategic moves underscore the company’s commitment to both domestic and international markets.
Adding to this, Deepika Rao, Executive Vice President – Hotel Openings & New Businesses, highlighted that the company’s hotel openings have kept pace with their ambitious target of opening two hotels per month. In the first half of FY 2025, IHCL expanded its footprint with a Taj in Patna, SeleQtions at Mahabaleshwar, and a Ginger hotel in Nagpur. Additionally, the company enhanced its presence in cities such as Srinagar, Gangtok, Udaipur, Jamshedpur, Coimbatore, and Delhi.
In the second quarter, IHCL also launched a reimagined Gateway brand with a new hotel in Bekal and the migration of four hotels located in Nashik, Coonoor, Madurai, and Chikmagalur.
With a strong focus on both domestic and international expansion, IHCL is well-positioned to continue its industry-leading growth trajectory, meeting the growing demand for premium hospitality across diverse markets.
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