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Economic Times
3 days ago
- Business
- Economic Times
Branded residences in India: Luxury hotel chains expand their market presence
Synopsis India's branded residences market is gaining traction, attracting major players like Marriott, ITC, Wyndham, and Radisson. These companies are exploring opportunities across various locations, driven by demand from HNWIs and NRIs for luxury, service-oriented living. The sector is projected to grow significantly, with brands leveraging their hospitality expertise to offer premium residential experiences. Agencies Marriott International, ITC Hotels, Wyndham Hotels & Resorts and Radisson Hotel Group are among a growing suite of companies pursuing branded residence opportunities in India. Add to the list two big Italian names—a luxury fashion house with interests in apparel and home furnishings and a luxury lifestyle major that's into real estate and hospitality. ITC Hotels MD Anil Chadha told ET this week it's in talks to enter the segment in India. Nandivardhan Jain, founder and CEO of Noesis Capital Advisors, said his company has undertaken over 17 feasibility studies for branded residences over the past two quarters, with half of these projects in advanced discussions for locations such as Mumbai, Delhi NCR, Bengaluru, Chennai, Goa, Solan, Coorg and Chikmagalur. The global branded residences market is valued at $60 billion, with Asia accounting for 42% of this. India, where the market is still nascent, has an 8% share of Asia's branded residence market, ranking among the top six countries in the region by market value. Such residential projects are typically established by, or in association with, luxury hospitality and fashion brands. These homes offer prestige addresses and brand-linked standards to go with them, along with premium pricing. Some may have brand's hotels adjoining the property. Jain estimates India's branded residence sector is projected to grow by 60% over the next five years, reflecting the appetite for luxury and service-oriented living, particularly among highnet-worth individuals (HNWIs) and non-resident Indians (NRIs).ITC is considering leveraging its boutique brand Storii. 'We are exploring if we can build Storii villas around a Storii property. In the Welcomhotel space, we are exploring opportunities for residences,' Chadha added. Marriott International is 'actively' exploring opportunities to expand its branded residence portfolio across the country through 15 brands. These include JW Marriott, St Regis, Marriott, Westin, Sheraton and The Ritz-Carlton, said Penny Trinh, vice president for mixed use development at Marriott International, Asia Pacific (excluding China).'We are in discussions for several new locations that align with our strategic vision and brand standards, including both tier 1cities and established lifestyle destinations,' she first of these, under the Westin brand, is expected to be launched by Marriott International and is anticipated to be completed in 2031. Developed by Whiteland Corp, this Westin Residences project is expected to be the biggest globally under the per the official Whiteland Westin Residences website, prices for three-bedroom units start at Rs 5.85 crore. Radisson Hotel Group is also examining opportunities in markets such as Jaipur, Goa and other tier 1destinations for branded residences, said Nikhil Sharma, MD and COO for South Asia at the chain. Radisson is 'well-positioned' to introduce this model in India, given its global experience in managing branded residences in markets such as Dubai and Istanbul, he said. 'Our aim is to integrate hotelgrade services into premium residential living, providing homeowners with access to concierge, wellness, housekeeping, and curated dining experiences,' Sharma said. 'We are evaluating brands such as Radisson Blu and Radisson Collection to ensure consistency in quality and service delivery.'International lifestyle brands that have achieved success in West Asia are also pursuing opportunities, said Deepak Jain, founder of Mayfair Consultants. Currently, we are assessing projects ranging from 60-120 apartments for locations such as Goa, Gurugram, Greater Noida and Mumbai,' he said. Dimitris Manikis, president of the EMEA region at Wyndham Hotels & Resorts, told ET last month that he's keen to explore possibilities in the space in India, perhaps lower down the price range.
Time of India
3 days ago
- Business
- Time of India
Branded residences in India: Luxury hotel chains expand their market presence
Marriott International , ITC Hotels , Wyndham Hotels & Resorts and Radisson Hotel Group are among a growing suite of companies pursuing branded residence opportunities in India. Add to the list two big Italian names—a luxury fashion house with interests in apparel and home furnishings and a luxury lifestyle major that's into real estate and hospitality. ITC Hotels MD Anil Chadha told ET this week it's in talks to enter the segment in India. Nandivardhan Jain, founder and CEO of Noesis Capital Advisors, said his company has undertaken over 17 feasibility studies for branded residences over the past two quarters, with half of these projects in advanced discussions for locations such as Mumbai, Delhi NCR, Bengaluru, Chennai, Goa, Solan, Coorg and Chikmagalur. The global branded residences market is valued at $60 billion, with Asia accounting for 42% of this. India, where the market is still nascent, has an 8% share of Asia's branded residence market, ranking among the top six countries in the region by market value. Such residential projects are typically established by, or in association with, luxury hospitality and fashion brands. These homes offer prestige addresses and brand-linked standards to go with them, along with premium pricing. Some may have brand's hotels adjoining the property. Jain estimates India's branded residence sector is projected to grow by 60% over the next five years, reflecting the appetite for luxury and service-oriented living, particularly among highnet-worth individuals (HNWIs) and non-resident Indians (NRIs). ITC is considering leveraging its boutique brand Storii. 'We are exploring if we can build Storii villas around a Storii property. In the Welcomhotel space, we are exploring opportunities for residences,' Chadha added. Marriott International is 'actively' exploring opportunities to expand its branded residence portfolio across the country through 15 brands. These include JW Marriott, St Regis, Marriott, Westin, Sheraton and The Ritz-Carlton, said Penny Trinh, vice president for mixed use development at Marriott International, Asia Pacific (excluding China). 'We are in discussions for several new locations that align with our strategic vision and brand standards, including both tier 1cities and established lifestyle destinations,' she added. The first of these, under the Westin brand, is expected to be launched by Marriott International and is anticipated to be completed in 2031. Developed by Whiteland Corp, this Westin Residences project is expected to be the biggest globally under the brand. As per the official Whiteland Westin Residences website, prices for three-bedroom units start at Rs 5.85 crore. Radisson Hotel Group is also examining opportunities in markets such as Jaipur, Goa and other tier 1destinations for branded residences, said Nikhil Sharma, MD and COO for South Asia at the chain. Radisson is 'well-positioned' to introduce this model in India, given its global experience in managing branded residences in markets such as Dubai and Istanbul, he said. 'Our aim is to integrate hotelgrade services into premium residential living, providing homeowners with access to concierge, wellness, housekeeping, and curated dining experiences,' Sharma said. 'We are evaluating brands such as Radisson Blu and Radisson Collection to ensure consistency in quality and service delivery.' International lifestyle brands that have achieved success in West Asia are also pursuing opportunities, said Deepak Jain, founder of Mayfair Consultants. Currently, we are assessing projects ranging from 60-120 apartments for locations such as Goa, Gurugram, Greater Noida and Mumbai,' he said. Dimitris Manikis, president of the EMEA region at Wyndham Hotels & Resorts, told ET last month that he's keen to explore possibilities in the space in India, perhaps lower down the price range.
Time of India
6 days ago
- Business
- Time of India
Optimal time to open, grow hospitality brands in India: ITC Hotels MD
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Heightened investor interest and evolving customer needs have made it the optimal time to open and expand new hospitality brands in India , said Anil Chadha, MD, ITC Hotels "India is going through a phase, and it's not just large corporates and big-ticket investors who would be able to afford hotels anymore. A chain like ours straddles across segments to cater to all kinds of customer needs, as they changed post the Covid-19 pandemic," Chadha told ET in an interview. "You could build a 50-room or a 30-room hotel depending on the brand and your propensity to earn in a city. If somebody came to us three years ago and said I want you to manage our 30-room hotel, we would have said no. But today, we see a need," he conglomerate ITC's hotel business was demerged effective January 1, spawning a separate listed hospitality entity. Shares of ITC Hotels started trading on the stock exchanges on January said ITC Hotels is exploring opportunities to take its famed Bukhara dining brand overseas. It is also in talks to enter the branded residences segment."With our quality of service, we can add value to the branded residences space, and we are in discussions. It's not just about the luxury segments," he said."For instance, we also have our boutique brand Storii as a concept, and we are exploring if we can build Storii villas around a Storii property. In the Welcomhotel space, we are exploring opportunities for residences," he Hotels reported consolidated revenue from operations of '816 crore for the quarter ended June, up 16% year-on-year. Profit surged 54% to '134 highlighted the company's improving operational performance. "This applies to occupancies, average room rates, and commanding a much better revenue per available room. For domestic owned hotels, our occupancies have improved from 62% in quarter one of financial year 2024 to 73% in quarter one of financial year 2026," he said. "In terms of our revenue per available room performance across markets, as per CoStar data for year to date May 2025, for our domestic owned hotels in the luxury, upper upscale and upscale segments, ITC Hotels is commanding a premium of 34% over the industry."New ITC hotels will be opened in locations such as Kochi, Jaipur, Gwalior, Bhopal, Bodh Gaya, Udaipur, Rishikesh, and Wayanad this year. Chadha said the newly-opened ITC Ratnadipa in Sri Lanka has received a positive response, and that the company is now getting offers for more hotel opportunities in the island nation. "We have a small Fortune hotel in Nepal, and have signed another Welcomhotel about seven months ago. We are also exploring opportunities in the Middle East," he said ITC Hotels has a very strong zero-debt balance sheet, and is open to both inorganic growth opportunities and acquisitions.
The Wire
01-08-2025
- Business
- The Wire
Indian Restaurant Congress 2025: India's Food Conclave of Ideas, Taste & Transformation
New Delhi, India – Business Wire India Organised by Restaurant India, India Restaurant Congress (IRC) brings together over 1,000 key players—restaurateurs, chefs, investors, foodpreneurs and thought leaders—who are shaping what we eat, how we eat, and the future of India's culinary landscape. The 14th edition of the Indian Restaurant Congress & Awards (IRC)—India's most influential platform for food entrepreneurship and innovation—takes place on August 5–6, 2025, at Bharat Mandapam, New Delhi. Organised by Franchise India and IRC is a curated conclave where the country's most dynamic voices in food and hospitality come together to spark ideas, forge partnerships, and define what is next for India's vibrant F&B ecosystem. More Than an Event—A Movement This year's conclave is chaired by Anil Chadha, Managing Director, ITC Hotels, whose deep industry expertise and transformative leadership set the tone for two days of purposeful dialogue and industry-shaping insight. IRC 2025 is where gastronomy meets governance, where entrepreneurial ambition meets culinary artistry, and where the future of India's foodservice industry is not only discussed—but decided. Launching: Entrepreneur Restaurateur To mark this evolution, IRC 2025 also debuts Entrepreneur Restaurateur—a print publication spotlighting the founders and creators reshaping India's culinary landscape. On the cover of the inaugural issue, there will be • Anjan Chatterjee, the creative force behind Mainland China, Oh! Calcutta, and Riyasat • Kallol Banerjee, co-founder of Rebel Foods, pioneering the global cloud kitchen movement • Chef Vicky Ratnani, the charismatic culinary storyteller bringing soul and sustainability to the modern Indian plate Together they embody the modern restaurateur's ethos traditional at heart, revolutionary in approach, and primed for growth. Voices That Shape the Industry IRC 2025 welcomes 150 speakers from across the culinary and entrepreneurial spectrum: • Atul Kochhar – Two-time Michelin-starred chef blending global precision with Indian soul • M. Mahadevan – QSR pioneer and CMD of Hot Breads & Advantage Foods • Kunal Kapur – Celebrity chef and TV host who makes innovation accessible • Dr. Chef Parvinder Singh Bali – Mentor and hospitality educator training India's next culinary leaders • Keith Menon – Sustainability-forward designer and restaurateur • Chef Saby (Sabyasachi Gorai) – President, Young Chefs Association of India • Rakesh Sethi – National award-winning chef and TV personality They are joined by decision-makers and other visionaries like Akshay Bector (Cremica), Ajay Singhal (Gourmet Investments), Tapan Vaidya (PJP Investments), Avantika Sinha Bahl (Kikass Hospitality), Sukul Kundan (PF Chang's), Suvir Saran, Chef Dhruv Oberoi, Chef Dheeraj Mathur, Mayank Tiwari (PVR), and Kavita Devgan, among many others. Introducing: Coffee & Tea Asia Summit 2025 Running alongside IRC is the first edition of Coffee & Tea Asia Summit 2025—a new platform spotlighting India's beverage revolution. From tea estates and roasters to café chains, beverage startups, and equipment makers, this event brings together stakeholders across the value chain. Expect live tastings, product launches, and conversations that elevate culture through the cup—proving that India is fast becoming a global innovation lab for coffee and tea. Celebrating the Bold & the Brilliant Two marquee award platforms will anchor this year's conclave - Culinary Innovation Awards 2025 Judged by legends like Atul Kochhar, Manisha Bhasin, and Raghav Joshi, the awards will honour breakthroughs in Plant-based cuisine, Kitchen automation, Beverage innovation, culinary mentorship, Supply chain tech. Categories include Best Chef, Pastry Chef, Young Chef, F&B Innovator, and more. Indian Restaurant Awards 2025 India's most coveted foodservice recognitions will spotlight: Restaurant of the Year, Best QSR / Café / Nightlife Concept, Marketing Leader, Digital Influencer of the Year, Woman Chef of the Year, …and other formats that showcase operational and creative excellence. Designed for Insight. Built for Scale. The agenda features: • Panels on scaling with technology, sustainable kitchens, global brand building, and digital F&B • Workshops led by chefs and founders • Startup zones for emerging talent 'With IRC's 14th edition and the launch of Coffee & Tea Asia Summit 2025, we're not just creating events—we're creating platforms for transformation. This conclave is where ideas become partnerships, founders become leaders, and India's food and hospitality sector prepares for the next leap,' — Sachin Marya, Managing Director, Franchise India Dotcom Ltd. The Future of Food is Here Since its founding in 2011, the Indian Restaurant Congress has grown into the definitive food and restaurant conclave for India and beyond. In 2025, it promises more than just participation. It offers perspective, purpose, and power to shape what comes next. Whether you're here to learn from a Michelin-starred master, explore a robot-led kitchen, or spark a new plant-based revolution—IRC 2025 is where the story begins. Because food is not just taste. It's identity, economy, culture—and imagination. And IRC 2025 is where all of it comes together. For more details, visit or call 8595350505 (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI This is an auto-published feed from PTI with no editorial input from The Wire. This article went live on August first, two thousand twenty five, at twenty-six minutes past five in the morning.
Business Upturn
31-07-2025
- Business
- Business Upturn
Indian Restaurant Congress 2025: India's Food Conclave of Ideas, Taste & Transformation
Organised by Restaurant India, India Restaurant Congress (IRC) brings together over 1,000 key players—restaurateurs, chefs, investors, foodpreneurs and thought leaders—who are shaping what we eat, how we eat, and the future of India's culinary landscape. Business Wire India Organised by Restaurant India, India Restaurant Congress (IRC) brings together over 1,000 key players—restaurateurs, chefs, investors, foodpreneurs and thought leaders—who are shaping what we eat, how we eat, and the future of India's culinary landscape. The 14th edition of the Indian Restaurant Congress & Awards (IRC) —India's most influential platform for food entrepreneurship and innovation—takes place on August 5–6, 2025 , at Bharat Mandapam, New Delhi . Organised by Franchise India and , IRC is a curated conclave where the country's most dynamic voices in food and hospitality come together to spark ideas, forge partnerships, and define what is next for India's vibrant F&B ecosystem. More Than an Event—A Movement This year's conclave is chaired by Anil Chadha , Managing Director, ITC Hotels , whose deep industry expertise and transformative leadership set the tone for two days of purposeful dialogue and industry-shaping insight. IRC 2025 is where gastronomy meets governance , where entrepreneurial ambition meets culinary artistry , and where the future of India's foodservice industry is not only discussed—but decided. Launching: Entrepreneur Restaurateur To mark this evolution, IRC 2025 also debuts Entrepreneur Restaurateur —a print publication spotlighting the founders and creators reshaping India's culinary landscape. On the cover of the inaugural issue, there will be Anjan Chatterjee , the creative force behind Mainland China, Oh! Calcutta, and Riyasat Kallol Banerjee , co-founder of Rebel Foods , pioneering the global cloud kitchen movement Chef Vicky Ratnani , the charismatic culinary storyteller bringing soul and sustainability to the modern Indian plate Together they embody the modern restaurateur's ethos traditional at heart, revolutionary in approach, and primed for growth. Voices That Shape the Industry IRC 2025 welcomes 150+ speakers from across the culinary and entrepreneurial spectrum: Atul Kochhar – Two-time Michelin-starred chef blending global precision with Indian soul M. Mahadevan – QSR pioneer and CMD of Hot Breads & Advantage Foods Kunal Kapur – Celebrity chef and TV host who makes innovation accessible Dr. Chef Parvinder Singh Bali – Mentor and hospitality educator training India's next culinary leaders Keith Menon – Sustainability-forward designer and restaurateur Chef Saby (Sabyasachi Gorai) – President, Young Chefs Association of India Rakesh Sethi – National award-winning chef and TV personality They are joined by decision-makers and other visionaries like Akshay Bector (Cremica) , Ajay Singhal (Gourmet Investments) , Tapan Vaidya (PJP Investments) , Avantika Sinha Bahl (Kikass Hospitality) , Sukul Kundan (PF Chang's) , Suvir Saran , Chef Dhruv Oberoi , Chef Dheeraj Mathur , Mayank Tiwari (PVR) , and Kavita Devgan , among many others. Introducing: Coffee & Tea Asia Summit 2025 Running alongside IRC is the first edition of Coffee & Tea Asia Summit 2025 —a new platform spotlighting India's beverage revolution. From tea estates and roasters to café chains, beverage startups , and equipment makers , this event brings together stakeholders across the value chain. Expect live tastings , product launches , and conversations that elevate culture through the cup —proving that India is fast becoming a global innovation lab for coffee and tea. Celebrating the Bold & the Brilliant Two marquee award platforms will anchor this year's conclave – Culinary Innovation Awards 2025 Judged by legends like Atul Kochhar , Manisha Bhasin , and Raghav Joshi , the awards will honour breakthroughs in Plant-based cuisine, Kitchen automation, Beverage innovation, culinary mentorship, Supply chain tech. Categories include Best Chef , Pastry Chef , Young Chef , F&B Innovator , and more. Indian Restaurant Awards 2025 India's most coveted foodservice recognitions will spotlight: Restaurant of the Year, Best QSR / Café / Nightlife Concept, Marketing Leader, Digital Influencer of the Year, Woman Chef of the Year, …and other formats that showcase operational and creative excellence. Designed for Insight. Built for Scale. The agenda features: Panels on scaling with technology, sustainable kitchens, global brand building, and digital F&B Workshops led by chefs and founders Startup zones for emerging talent 'With IRC's 14th edition and the launch of Coffee & Tea Asia Summit 2025, we're not just creating events—we're creating platforms for transformation. This conclave is where ideas become partnerships, founders become leaders, and India's food and hospitality sector prepares for the next leap,' — Sachin Marya , Managing Director, Franchise India Dotcom Ltd. The Future of Food is Here Since its founding in 2011 , the Indian Restaurant Congress has grown into the definitive food and restaurant conclave for India and beyond. In 2025, it promises more than just participation. It offers perspective, purpose, and power to shape what comes next. Whether you're here to learn from a Michelin-starred master , explore a robot-led kitchen , or spark a new plant-based revolution — IRC 2025 is where the story begins . Because food is not just taste. It's identity, economy, culture—and imagination . And IRC 2025 is where all of it comes together. For more details, visit or call 8595350505 Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash
