Hospitality

The company has a pipeline of 72 hotels scheduled to open in the next three to five years.

With this appointment, the dual-branded Aerocity property strengthens its leadership team, adding depth to its food and beverage operations at one of the capital’s most competitive hospitality hubs.

The deal, executed through its wholly owned subsidiary Barque Hotels Private Limited, has been signed with Mrs. P Pramoda, Mrs. P Harika, and Aurean Eskar (the Lessors) as part of a larger mixed-use development.

Surrounded by dense forests close to the Jim Corbett Tiger Reserve, the property has been envisioned as a place for travelers to step away from city life and reconnect with natural surroundings.

The appointment reflects the company’s intent to strengthen its leadership structure and align its growth strategy with rising demand across key client industries.

This development marks the debut of the Storii brand in Kerala and strengthens ITC Hotels’ footprint in the state, which now includes three properties in the pipeline.

The culinary approach at CAHA follows a “less is more” philosophy, with an emphasis on seasonal and fresh ingredients.

For the takeover, The Bar at Novotel will be reimagined with HOME’s signature style, creating an atmosphere that blends elegant design with the high-energy setting the brand is associated with.

The event will be led by celebrity chefs Tehmtan and Shernaz Dumasia, who have built their reputation over three decades serving Mumbai’s high-profile clientele, including Bollywood personalities.

Operationally, India’s Average Daily Rate rose by 10 percent year-on-year, but occupancy was impacted in May by geopolitical disruptions, resulting in a 7 percent rise in RevPAR.