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By Nithyakala Neelakandan
Published on October 1, 2024
Soot by O2, a new luxury hotel next to the airport, has officially opened its doors. The 4-star property spans 75,000 square feet and features 110 elegantly designed rooms, setting itself up as a key destination for those seeking luxury with ease of access. The opening ceremony also marked the launch of a Durga Puja special menu, providing both traditional and modern takes on festive dishes for guests to enjoy.
The hotel was inaugurated by several notable personalities, including Tollywood actress Rituparna Sengupta, MLA Tapash Chatterjee, Councillor Debraj Chakraborty, and the Loharuka family—owners and directors of Soot by O2.
During the event, Managing Directors Anisha Loharuka and Shrija Loharuka shared their vision for Soot by O2. "We are thrilled to introduce Hotel Soot as a premier destination for travelers seeking exceptional comfort and personalized service. Our rooftop bar and swimming pool offer magnificent views, including a direct sightline to the airport runway from our terrace, enhancing the overall guest experience. Our team is dedicated to creating memorable experiences through meticulous attention to detail and a commitment to excellence. This launch represents our vision to offer a unique blend of luxury and hospitality that exceeds expectations. We look forward to welcoming guests and making every stay unforgettable," they said.
Actress Rituparna Sengupta also spoke about her excitement for the opening. "I am excited to inaugurate Soot by O2, ideally located next to the airport. This hotel offers travelers unparalleled convenience without compromising on luxury. It's a perfect retreat for those seeking comfort and exceptional service, right at their doorstep."
Soot by O2 aims to provide guests with an array of dining and entertainment options. The hotel features multiple restaurants and bars, including:
Venezia: A 56-seater multi-cuisine restaurant.
Caffeine: A cozy café that also accommodates 56 guests, offering diverse dishes.
The Drunken Monkey: An English-style pub with seating for 120.
Aire: A rooftop pool bar offering an impressive view of the airport runway.
Guests can also enjoy the hotel’s spa and gym facilities.
Soot by O2 also caters to events and celebrations with three spacious banquet halls:
Victoria: A 3,000-square-foot hall with a capacity of up to 300 guests.
Aurum: Also 3,000 square feet and suitable for 300 attendees.
Olive: A smaller, more intimate venue of 1,000 square feet that accommodates 100 guests.
The launch event ended with a celebratory toast, emphasizing the hotel's dedication to delivering a luxurious guest experience with a focus on sustainability. Soot by O2 aims to redefine hospitality by combining comfort, luxury, and convenience in one unique location.
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By Nishang Narayan
Published on July 5, 2025
Hyatt Hotels is doubling down on its asset-light strategy with a major move—selling Playa Hotels’ real estate portfolio to Tortuga Resorts for $2 billion. This follows Hyatt’s acquisition of Playa in February for $2.6 billion, including debt. Playa operates 24 luxury all-inclusive resorts across Mexico, Jamaica, and the Dominican Republic.
The sale covers 15 of Playa’s resort assets, effectively reducing Hyatt’s net purchase price for the remaining Playa business to around $555 million. The deal, still pending regulatory nods in Mexico, is expected to close before the end of 2025.
As part of the arrangement, Hyatt and Tortuga will enter into 50-year agreements for these properties, allowing Hyatt to continue managing the resorts. Thirteen of the resorts will operate under Hyatt’s standard management fee structures, with two under separate agreements.
Hyatt CEO Mark Hoplamazian called the move transformational, noting it turns the Playa acquisition into a fully asset-light transaction. "It also ramps up our fee-based earnings," he added. Hyatt now anticipates its asset-light earnings mix could hit at least 90% by 2027.
Analysts view the swift real estate divestment positively, seeing it as a smart way for Hyatt to stay nimble while bolstering returns. Proceeds from this deal will primarily go toward repaying loans taken to finance the Playa buyout.
Novotel Visakhapatnam Varun Beach, a flagship Accor property, has proudly announced that it has been awarded the Green Key Certification, a globally recognised eco-label that underscores excellence in sustainable tourism and hospitality.
Granted by the Foundation for Environmental Education (FEE)—one of the world’s leading environmental education organisations and recognised by the Global Sustainable Tourism Council (GSTC)—the certification marks a significant milestone in the hotel’s ongoing efforts to integrate eco-friendly practices without compromising guest comfort or luxury.
Lakshmi Sridhar, General Manager, Novotel Visakhapatnam Varun Beach, said, “At Novotel Visakhapatnam Varun Beach, we believe that sustainability is not just a responsibility, but a way of life. Being Green Key certified reinforces our commitment to offering eco-conscious experiences that align with global environmental standards.”
The hotel has rolled out various impactful initiatives, from using clean, renewable energy and implementing robust waste management practices to driving water conservation, enhancing energy efficiency, and sustainably sourcing products. These measures are designed to benefit not only the environment but also the local community.
As travel trends increasingly lean towards conscious luxury and responsible tourism, this certification positions Novotel Visakhapatnam Varun Beach as a leader in sustainable hospitality in India.
Indian Hotels Company (IHCL), India’s largest hospitality player, has announced the signing of a new Vivanta property in Anjuna, Goa. This greenfield project marks another step in IHCL’s strategy to grow its presence across key leisure destinations in India.
Strategically located in Anjuna, celebrated for its vibrant culture and beaches, the upcoming Vivanta Anjuna, Goa will feature 110 well-appointed rooms. Guests can look forward to an array of facilities including an all-day diner, a bar, a swimming pool, a fully equipped gym, and modern conference spaces, catering to both leisure and business travellers.
Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL, shared, “IHCL has been at the forefront of pioneering destinations and has played a defining role in putting Goa on the global tourism map for over five decades. This signing is in line with our strategy to expand IHCL’s presence across segments in key leisure markets. We are delighted to strengthen our partnership with Fiesta Hotels with this new project.”
The hotel is being developed by Fiesta Hotels Pvt. Ltd., led by directors Ravinder Kumar, Manju Vardhan, Raj Vardhan, Harsh Vardhan, Gagan Garg, and Gaurav Garg, who have deep investments in real estate and hospitality. Ravinder Kumar, Director, Fiesta Hotels Pvt. Ltd., said, “We are proud to collaborate with IHCL through the addition of our second hotel in Goa. It stands as a testament to our shared vision to deliver exceptional experiences in one of India’s most cherished destinations.”
Goa continues to attract travellers with its sun-soaked beaches, Portuguese-era architecture, thriving culinary and music scene, and vibrant local communities. With this signing, IHCL’s Goa portfolio grows to 18 hotels, including five under development, underscoring its long-standing commitment to shaping Goa’s tourism landscape.
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