Outcome of Board Meeting held on December 26, 2025
Price
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Awaiting price reaction for this filing.
The Board of Directors of Eco Hotels And Resorts Ltd, at its meeting on December 26, 2025, granted in-principle approval to acquire around 10 hotel properties on long-term lease across multiple cities. The properties include greenfield projects in Gandhinagar (135-140 rooms), Dombivali (10 acres of land for a 65-room hotel), and Indore (50 rooms). Brownfield projects are planned in Bangalore-Koramangala (40 rooms), Gurugram-Sector 52 (32 rooms), Ayodhya (33 and 15 rooms), Vrindavan (48 rooms), and Udaipur (20 and 43 rooms). A ready project with 48 rooms has also been identified at Hyderabad Hitech City. The total portfolio adds up to roughly 530+ rooms across diverse locations. The Board has asked management to carry out comprehensive due diligence before finalising any agreements.
This signals a major expansion push for the company and could significantly grow its room inventory and footprint if the leases materialise. However, deals are still at in-principle stage with due diligence pending, so execution risk remains and the actual impact on financials will depend on lease terms and successful conversion.