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Espire Hospitality Limited announced a new agreement with Marriott International to manage an upcoming 'JW Marriott Resort & Spa' near Vrindavan, Uttar Pradesh. The luxury resort will be spread across 14 acres with 151 keys including rooms, villas, and a Presidential Suite, and is scheduled to open in January 2029. Additionally, the company has signed agreements for 5 new hotels in Goa, Katra, Patna, Dehradun, and Rishikesh, increasing its portfolio from 15 to 20 hotels. Dehradun and Rishikesh properties are already operational, with remaining hotels to open gradually. The company plans to open 15 new hotels by end of FY-27.
This announcement signals aggressive expansion in the luxury hospitality segment and strengthens Espire's partnership with Marriott International. The increase in hotel count from 15 to 20 demonstrates strong growth momentum, though no financial specifics or revenue impact figures were disclosed.