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By Nithyakala Neelakandan
Published on November 16, 2024
Wyndham Hotels & Resorts has announced a new partnership with investment firm Lafayette Square to help diverse hotel owners access capital. Through this collaboration, Wyndham will work closely with Lafayette Square to connect qualified franchisees with up to $100 million in financing over the coming years. This initiative is designed to assist hoteliers with projects that would otherwise be delayed or stalled due to the lack of traditional financing options.
The partnership is a key aspect of Wyndham’s ongoing efforts to support the Black and women hotel ownership communities through its BOLD (Black Owners and Lodging Developers) and Women Own the Room programs. These initiatives aim to break down barriers faced by diverse hotel owners, providing both financial assistance and additional resources to help foster success in the hospitality industry.
According to Galen Barrett, Vice President of Strategic Franchise Initiatives at Wyndham, there are still significant inequities in the hospitality sector, especially when it comes to financing. He believes that partnerships like the one with Lafayette Square can help address these issues by providing deserving hoteliers with the tools and resources they need to succeed. "We’re committed to using our network to not only give the keys to hotel ownership to more diverse owners, but ultimately help give them the access to tools, resources, and partners they need to succeed," said Barrett.
Lafayette Square’s strategy is focused on addressing the financing gaps that often limit opportunities for diverse hotel owners. The firm’s Managing Director, Abhay Patel, emphasized the importance of intervention to support entrepreneurs who have historically struggled to secure financing. "Tapping into Wyndham’s network brings us and our resources to the epicenter of hospitality, helping make hotel ownership more attainable for qualified hoteliers," Patel noted.
The partnership has already led to its first success story with Dr. Amina James, a member of Wyndham’s BOLD program and an experienced hotelier. Despite her background in real estate and her experience owning a hotel in Memphis, Dr. James faced financing challenges when seeking to expand into Lake Charles, Louisiana. Wyndham introduced her to Lafayette Square, which provided the necessary funding to acquire her second hotel, now operating as Wyndham Lake Charles. Dr. James plans to use the funds to improve the property and streamline operations through a third-party management team.
"I can now say I own two hotels. BOLD and Women Own the Room are actively changing hospitality by forging the path – and knocking down the barriers along the way – to make hotel ownership possible," said Dr. James, expressing gratitude for the opportunity provided by Wyndham and Lafayette Square.
This collaboration is part of Wyndham’s broader commitment to ensuring more diverse hotel ownership and supporting initiatives that increase representation in the industry. The firm’s BOLD and Women Own the Room programs have already facilitated over 100 hotel deals with Black and women hoteliers, with more than 20 of these properties now operational.
The new financing program aims to build on this momentum, helping more diverse entrepreneurs access the capital needed to grow and succeed in the competitive hotel industry. The partnership between Wyndham and Lafayette Square reflects a shared commitment to creating greater opportunities for historically underrepresented groups in hospitality.
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By Hariharan U
Published on October 22, 2025
ITC Hotels has expanded its premium Storii brand with the launch of Storii Narindera Orchards, Kufri, an experiential mountain retreat set amidst apple orchards with stunning views of the Dhauladhar ranges. The property blends the natural beauty of the Shimla Hills with refined hospitality, offering guests an immersive, soulful escape.
Storii Kufri features elegantly appointed rooms overlooking the valley, a spa with curated wellness experiences, and multiple dining options. Guests can indulge in Himachali delicacies and global cuisine at Daran Valley, enjoy open-air terrace dining with light bites and handcrafted beverages at Café Mehral, relax with teas and desserts at Baag View, or savour premium cocktails at Raspippin Bar. The Baghal Room serves as the signature banquet space, ideal for weddings, corporate retreats, and social gatherings.
“ITC Hotels Limited has a very strong presence in Himachal Pradesh and with the addition of Storii Narindera Orchards, Kufri, we further strengthen our footprint in the state. The property is inspired by the region’s rich heritage and culture, celebrating local artistry thoughtfully blended with contemporary comforts,” said Anil Chadha, Managing Director, ITC Hotels Limited.
“Our dream was to create more than a hotel, we envisaged a destination that reflects the essence of Shimla Hills. We welcome guests to discover not just a stay, but a story that celebrates the region and the spirit of true hospitality,” said Udayvir Singh Punta, Owner of Storii Narindera Orchards, Kufri.
Visitors can enjoy orchard walks, curated treks, bonfire evenings, and wellness treatments at the spa and salon. Located just a short drive from Shimla, the retreat is positioned as a premier choice for leisure getaways, corporate retreats, and destination weddings.
With Storii Narindera Orchards, Kufri, ITC Hotels continues to expand its portfolio of premium experiential destinations, combining regional authenticity with modern luxury.
If you want, I can also draft a shorter social media-friendly version highlighting the scenic location, wellness offerings, and curated dining at Storii Kufri.
Lemon Tree Hotels Limited has announced the signing of its newest property, Lemon Tree Resort, Saj by the Mountain, Mahabaleshwar. The resort will be managed by Carnation Hotels Private Limited, the management arm and a wholly-owned subsidiary of Lemon Tree Hotels Limited.
This signing marks an important milestone in the brand’s expansion across Maharashtra, further strengthening its leisure and resort portfolio. Known for offering vibrant, comfortable, and value-driven stays, Lemon Tree continues to attract both business and leisure travellers across India.
The upcoming Lemon Tree Resort, Saj by the Mountain will feature:
78 well-appointed rooms offering scenic views
A restaurant and a bar serving curated local and global cuisines
A banquet hall for events and celebrations
A swimming pool and spa for recreation and relaxation
Speaking on the signing, Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, said, “With this signing, we will expand our leisure portfolio in Maharashtra, a state where we currently have 15 operational and 11 upcoming properties, in addition to this one. While growing our footprint across cities of all tiers, this partnership aligns perfectly with our vision of offering refreshing and comfortable stays across all destinations.”
The addition of the Mahabaleshwar resort highlights Lemon Tree’s strategic focus on premium leisure destinations, complementing its strong city presence. As the travel and tourism landscape continues to evolve, the brand aims to deliver distinctive experiences rooted in comfort, warmth, and value.
Published on October 21, 2025
Sheraton Hyderabad Hotel has announced the relaunch of its signature banquet space, the Jade Ballroom following an extensive redesign. The transformed venue combines contemporary elegance with the city’s cultural heritage, setting a new benchmark for events and celebrations in Hyderabad.
Speaking about the relaunch, Subhankar Bose, General Manager, Sheraton Hyderabad Hotel, said, “The relaunch of Jade Ballroom represents our commitment to offering Hyderabad an exceptional venue that honours tradition while embracing innovation. This space is designed to create magical moments for our guests — whether they are celebrating life’s milestones or hosting distinguished business events.”
The reimagined Jade Ballroom now offers 4,500 sq. ft. of flexible, pillarless meeting space, complemented by a 2,500 sq. ft. pre-function area. With a total capacity of up to 600 guests, it ranks among Hyderabad’s largest and most adaptable event venues.
Designed for versatility, the ballroom’s column-free architecture ensures unobstructed sightlines, allowing seamless transitions between intimate gatherings and grand celebrations. The space can also be divided into Jade 1 and Jade 2, offering flexibility for simultaneous events or customized layouts.
The enhanced pre-function area, ideal for cocktail receptions, networking sessions, or registration zones, features independent access for added exclusivity. State-of-the-art audio-visual systems and advanced lighting technology have also been integrated, ensuring every event is executed with sophistication and precision.
With its blend of timeless design, modern technology, and spacious versatility, the new Jade Ballroom reaffirms Sheraton Hyderabad’s position as a premier destination for weddings, social celebrations, and corporate events in the city.
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