Press Release on new hotels signed
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Awaiting price reaction for this filing.
Espire Hospitality has signed five new properties across three brands — Country Inn Premier Udaipur (55 rooms, opening Jan 2026), two Country Inn properties and one Smart Stays by Country Inn in Rishikesh (opening Nov 2025), and a Country Inn in Calangute, North Goa with 44 rooms (opening Nov 2025). The signing is part of the company's plan to double its inventory and reach a 30-hotel milestone by FY26. The company also flagged three upcoming uber-luxury hotels in Mussoorie, Mumbai, and near Vrindavan, a new ZANA Resort in Dehradun in final signing stages, and plans to enter international markets soon.
Positive for shareholders — the accelerated signing pipeline across leisure destinations should drive room inventory growth and future revenue, with phased openings starting Nov 2025. The reaffirmation of expansion targets signals management confidence in the growth trajectory.