ESPIRE HOSPITALITY LIMITED

Operates and manages hotels and resorts across India under multiple hospitality brands, with a portfolio that grew from 15 to 20 properties after adding five new hotels in Goa, Katra, Patna, Dehradun, and Rishikesh, plus six properties opened in Q4 FY26. A signed management agreement with Marriott International covers an upcoming JW Marriott Resort & Spa near Vrindavan in Uttar Pradesh — 14 acres, 151 keys (rooms, villas, and a Presidential Suite), scheduled to open in January 2029 with a planned investment of Rs 300 crore funded via equity and debt. The Hotels & Resorts segment is the core revenue earner, while a Real Estate line also contributes. FY26 revenue stood at Rs 134.25 crore with an EBITDA margin of 23.76% and net profit of Rs 8.12 crore. The biggest cost line is 'other operating expenses' at 47.7% of revenue, followed by employee costs at 26.5%; materials are a small 7.1% of revenue. FY26 operating performance included an Average Daily Rate (ADR) of Rs 10,827 and Revenue per Available Room (RevPAR) of Rs 6,317, both exceeding industry averages. The company has indicated plans to add 15 new hotels by the end of FY-27.