Sinclairs Hotels to close loss-making Udaipur property, refocus on West Bengal
SINCLAIR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sinclairs Hotels will shut down its Udaipur property by cancelling the lease effective 30 June 2026, as the unit was incurring continuous losses and dragging overall profitability. The company will refocus on West Bengal, where the brand enjoys strong recognition, and plans to expand existing properties in the state while exploring new greenfield destinations. The government push for North Bengal and Sikkim tourism is expected to benefit its Siliguri, Chalsa, Kalimpong, Darjeeling and Gangtok properties.
Removes a loss-making unit, likely lifts margins. Strategic refocus on West Bengal may unlock value but reduces geographic spread.