Skip to content

Search

Latest Stories

India's Cygnett Hotels expands five-star brand

The Anamore brand aims for 1,600 keys by 2029

India's Cygnett Hotels expands five-star brand

CYGNETT HOTELS & RESORTS recently launched its sixth five-star hotel in Pernem, Mopa Goa, more than a year after expanding into the upper-upscale segment with the Anamore brand. The company signed a management contract with Delhi-based Yugen Infra to manage the 150-villa property near Mopa airport.

Delhi-NCR-based Cygnett Hotels is led by founder and managing director Sarbendra Sarkar.


“The hotel will be a hybrid, combining elements of a hotel and a wellness center,” said Sarkar. “As part of a golf course township with private villas and residential apartments, a hybrid luxury hospitality product is ideal for the destination.”

The Anamore brand, launched in March 2024, marks Cygnett’s shift from mid-market to luxury hospitality. The company has signed six properties totaling 1,600 rooms under the brand, with plans to make it operational by 2029. The first 250-room Anamore hotel is set to open in Pushkar, Rajasthan, by year-end, with upcoming projects in Karjat, Khalapur, Murud in Maharashtra), and Srinagar in Uttarakhand.

Cygnett, founded in 2012, operates 20 hotels across 18 destinations under the Cygnett Inn, Cygnett Lite and Cygnett Collection brands, with one hotel, Cygnett Inn Krishna, in Nepalgunj, Nepal. The company plans to expand to more than 100 hotels across all brands by 2029, including in new markets outside India.

“Anamore will be positioned as a hybrid luxury brand with a strong focus on both luxury hospitality and wellness,” Sarkar was quoted as saying in the Economic Times.

Anamore Srinagar will feature 80 yacht villas with a helipad.

“Anamore represents a bold vision to cater to discerning luxury travelers, blending elegance with sustainable luxury and world-class service,” he said. “Positioned in prime destinations across India, the brand aims to compete with top-tier global luxury names. With its thoughtfully curated properties, Anamore signals a commitment to raising the bar for luxury travel while maintaining Cygnett’s ethos of offering unparalleled value and hospitality.”

The proposed Anamore Select Resort & Wellness in Mopa, Goa, will feature luxury villas, a 10,000-square-foot lawn, a 6,000-square-foot banquet and meeting hall, a swimming pool, health club, kids’ play area, and clubhouse. The resort will also include a wellness wing, Bluum Mudra by Ayurvyaas, a wellness brand by Cygnett Hotels, offering holistic well-being services.

The five-star property is part of a Rs 3,000 crore, 500-acre integrated golf course township by Yugen Infra, proposed near Mopa International Airport on the Maharashtra-Goa border. Yugen Infra is a joint venture between Gurgaon-based Timespro Consulting LLP, founded by Sheeshram Yadav, and Mumbai-based V K Developers, led by Naresh Shah.

Tata Group-owned Indian Hotels Co. Ltd. signed 85 hotels and opened 40 in 2024, growing its portfolio to 360, with 123 more in the pipeline. The Taj brand added 19 new signings, expanding to 125 properties.

More for you

Baruasagar Fort and Raja Rani Mahal restored as luxury heritage stays by Neemrana Hotels in India
Photo credit: ANI

Neemrana to restore heritage sites in UP, MP

Summary:

  • Neemrana Hotels is working with Uttar Pradesh and Madhya Pradesh to restore heritage sites.
  • The two sites are Baruasagar Fort in Jhansi, Uttar Pradesh, and Raja Rani Mahal in Chanderi, Madhya Pradesh.
  • Neemrana aims to convert them into “revenue-generating non-hotels.”

INDIA’S NEEMRANA HOTELS recently signed agreements with the governments of Uttar Pradesh and Madhya Pradesh states to restore and adapt heritage structures under a public-private partnership. The two sites are Baruasagar Fort in Jhansi, Uttar Pradesh, and Raja Rani Mahal in Chanderi, Madhya Pradesh.

Keep ReadingShow less
Tata Launches Asset-Light Platform for IHCL via Tata Sons
Ginger Hotels

Report: Tata launches asset-light platform for IHCL

SUMMARY:

  • Tata Sons launched a hospitality platform for Indian Hotels Co. Ltd., enabling revenue-share operations on group-owned assets.
  • The first asset on the platform is a Ginger hotel near Kolkata airport.
  • IHCL is set to reach 400 hotels by the end of July and targets 700 by 2030.

TATA SONS LAUNCHED a new hospitality platform to support Indian Hotels Co. Ltd., enabling it to operate group-owned hotels on a revenue-share model while staying asset-light. The first project under this initiative is a 195-room Ginger hotel under construction near Kolkata airport.

Keep ReadingShow less
Welcomhotel Prayagraj exterior view with heritage-inspired architecture
Photo credit: ITC Hotels

India's ITC Hotels profit jumps 53 percent in Q1

Summary:

  • ITC Hotels posted record quarterly profit and revenue in the first quarter of fiscal 2026, with revenue up 20 percent to $103.2 million and profit up 53 percent to $16.08 million.
  • The portfolio has grown to more than 200 hotels, with 143 operational and 58 in the pipeline.
  • Welcomhotel Prayagraj, ITC’s seventh property in Uttar Pradesh, includes 60 rooms and banqueting space.

INDIA’S ITC HOTELS posted its highest-ever quarterly profit and revenue in the first quarter of fiscal year 2026, with consolidated revenue up 20 percent to $103.2 million and profit rising 53 percent to $16.08 million, according to a Times of India report. Meanwhile, ITC launched Welcomhotel Prayagraj in Uttar Pradesh, bringing its total to seven properties in the state, with six more in the pipeline.

Keep ReadingShow less
Tata Sons announces $58M memorial trust to support victims of June 12 Air India crash and aid reconstruction efforts
Photo credit: Vishma Ahanthem/AFP

Tata sets up $58M trust for Air India crash victims

Summary:

  • Tata Sons and Tata Trusts formed a $58 million welfare trust for victims of the June 12 Air India crash, contributing $29 million each.
  • Tata Sons, established in 1917 and registered in Mumbai, is the Tata Group’s holding company; Tata Trusts collectively own 66 percent of it.
  • Tata Sons reacquired 100 percent of Air India in January 2022 through its subsidiary Talace Pvt Ltd.

TATA SONS ESTABLISHED a $58 million, or Rs 500 crore, welfare trust for victims of the June 12 Air India crash. The AI-171 Memorial and Welfare Trust is registered in Mumbai.

Keep ReadingShow less
Air India Boeing 787 at JFK Airport during flight restoration

AI resuming some international flights Aug. 1

Summary:

  • Air India to partially restore international wide-body schedule from Aug. 1 after 15 percent cut following June 12 AI 171 crash.
  • Delhi–New York (JFK) and Mumbai–New York (JFK) cut to six weekly; Delhi–Newark to four.
  • Revised schedule takes effect in August; full restoration expected from October.

AIR INDIA WILL partially restore its international wide-body schedule from Aug. 1, following a 15 per cent reduction after the June 12 crash of flight AI 171 on the Ahmedabad to London Gatwick route, operated by a Boeing 787. Delhi to New York’s JFK International Airport and Mumbai to New York (JFK) will operate six weekly flights each, down from seven, while Delhi to Newark, New Jersey, will drop to four from five.

Keep ReadingShow less