Latest news with #NandivardhanJain
Economic Times
4 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
4 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
13-07-2025
- Business
- Time of India
Family Offices Find Suite Spot in Hotels
Live Events Family offices are increasingly channelling capital into hospitality, traditionally seen as a cyclical sector, but currently emerging as a core component of yield-driven portfolios, as India experiences rising demand for business and leisure a recent marquee transaction, a prominent Mumbai-based family office acquired a 130-key hotel in Manipal, Karnataka, for about ₹150 crore. The asset, currently nearing completion, will be housed under one of Indian Hotels Company 's (IHCL) upscale brands. In another deal, a business house promoter picked up a 190-room hotel in Kolkata. About six months ago, the family office of SanRaj acquired the 245-key Holiday Inn near Mumbai International Airport, underscoring a clear trend—private capital is pivoting to of hotel deals in India climbed to $167 million in the first half of 2025, from $93 million a year ago, according to JLL offices and HNIs, either directly or through wealth arms, comprised 54% of these deals, more than double of 26% in the year-ago period.'There is a clear shift from viewing hotels as trophy assets to treating them as structured, yield-generating investments built on strong brand affiliations and operator partnerships,' said Nandivardhan Jain, CEO of Noesis Capital Advisors, which has executed multiple hotel deals across Kolkata, Amritsar, Vithalapur, Khandala, Khopoli, Vadodara, and Chopra, head of family office solutions at Avendus Wealth Management, noted that hospitality assets, alongside student housing, are experiencing a boom, particularly in tier-2 locations. 'Hotel investments offer a unique combination of depreciation cover, stable rental income, and long-term capital appreciation,' he growing appeal of hospitality assets is backed by strong fundamentals. India's total hotel transaction volume grew at steady pace to $340 million in 2024, from $337 million in robust activity in the first half of 2025, JLL forecasts volumes to accelerate and touch $400 million by December-end.'We anticipate the momentum seen in H1 2025 to sustain through the rest of the year,' said Jaideep Dang, managing director, hotels and hospitality group, India, JLL. Significantly, family offices—from being passive observers—are emerging as key drivers of deal-making in the hospitality like Manipal, with their expanding university ecosystems and regional healthcare hubs, are experiencing a surge in domestic travel and room demand. Analysts highlight limited branded supply in tier-2 cities like Manipal as a compelling opportunity for both greenfield and brownfield traditional real estate, hospitality assets demand deep operational alignment and brand partnerships. Once considered a high-risk segment reserved for large, diversified conglomerates, hotels are now firmly on the radar of family offices looking for stable income and long-term value creation.'We expect at least ₹5,000 crore of family-office capital to flow into Indian hotels over the next 2-3 years,' said initiatives aimed at promoting tourism, coupled with a rising domestic consumption story, have further bolstered investor confidence in hospitality as a strategic asset class. With rising RevPARs (revenue per available room), inadequate new supply in several micro-markets, and improving occupancy levels, experts say hotels will continue to attract private capital.
Economic Times
13-07-2025
- Business
- Economic Times
Family offices bet big on hospitality amid travel surge
Family offices are increasingly channelling capital into hospitality, traditionally seen as a cyclical sector, but currently emerging as a core component of yield-driven portfolios, as India experiences rising demand for business and leisure travel. In a recent marquee transaction, a prominent Mumbai-based family office acquired a 130-key hotel in Manipal, Karnataka, for about ₹150 crore. The asset, currently nearing completion, will be housed under one of Indian Hotels Company's (IHCL) upscale brands. In another deal, a business house promoter picked up a 190-room hotel in Kolkata. About six months ago, the family office of SanRaj acquired the 245-key Holiday Inn near Mumbai International Airport, underscoring a clear trend—private capital is pivoting to hospitality. Value of hotel deals in India climbed to $167 million in the first half of 2025, from $93 million a year ago, according to JLL offices and HNIs, either directly or through wealth arms, comprised 54% of these deals, more than double of 26% in the year-ago period. 'There is a clear shift from viewing hotels as trophy assets to treating them as structured, yield-generating investments built on strong brand affiliations and operator partnerships,' said Nandivardhan Jain, CEO of Noesis Capital Advisors, which has executed multiple hotel deals across Kolkata, Amritsar, Vithalapur, Khandala, Khopoli, Vadodara, and Udupi. Ashvini Chopra, head of family office solutions at Avendus Wealth Management, noted that hospitality assets, alongside student housing, are experiencing a boom, particularly in tier-2 locations. 'Hotel investments offer a unique combination of depreciation cover, stable rental income, and long-term capital appreciation,' he growing appeal of hospitality assets is backed by strong fundamentals. India's total hotel transaction volume grew at steady pace to $340 million in 2024, from $337 million in robust activity in the first half of 2025, JLL forecasts volumes to accelerate and touch $400 million by December-end.'We anticipate the momentum seen in H1 2025 to sustain through the rest of the year,' said Jaideep Dang, managing director, hotels and hospitality group, India, JLL. Significantly, family offices—from being passive observers—are emerging as key drivers of deal-making in the hospitality like Manipal, with their expanding university ecosystems and regional healthcare hubs, are experiencing a surge in domestic travel and room demand. Analysts highlight limited branded supply in tier-2 cities like Manipal as a compelling opportunity for both greenfield and brownfield traditional real estate, hospitality assets demand deep operational alignment and brand partnerships. Once considered a high-risk segment reserved for large, diversified conglomerates, hotels are now firmly on the radar of family offices looking for stable income and long-term value creation.'We expect at least ₹5,000 crore of family-office capital to flow into Indian hotels over the next 2-3 years,' said initiatives aimed at promoting tourism, coupled with a rising domestic consumption story, have further bolstered investor confidence in hospitality as a strategic asset class. With rising RevPARs (revenue per available room), inadequate new supply in several micro-markets, and improving occupancy levels, experts say hotels will continue to attract private capital.
Time of India
13-07-2025
- Business
- Time of India
Family offices bet big on hospitality amid travel surge
ET Bureau Strong Fundamentals Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Family offices are increasingly channelling capital into hospitality, traditionally seen as a cyclical sector, but currently emerging as a core component of yield-driven portfolios, as India experiences rising demand for business and leisure a recent marquee transaction, a prominent Mumbai-based family office acquired a 130-key hotel in Manipal, Karnataka, for about ₹150 crore. The asset, currently nearing completion, will be housed under one of Indian Hotels Company 's (IHCL) upscale brands. In another deal, a business house promoter picked up a 190-room hotel in Kolkata. About six months ago, the family office of SanRaj acquired the 245-key Holiday Inn near Mumbai International Airport, underscoring a clear trend—private capital is pivoting to of hotel deals in India climbed to $167 million in the first half of 2025, from $93 million a year ago, according to JLL offices and HNIs, either directly or through wealth arms, comprised 54% of these deals, more than double of 26% in the year-ago period.'There is a clear shift from viewing hotels as trophy assets to treating them as structured, yield-generating investments built on strong brand affiliations and operator partnerships,' said Nandivardhan Jain, CEO of Noesis Capital Advisors, which has executed multiple hotel deals across Kolkata, Amritsar, Vithalapur, Khandala, Khopoli, Vadodara, and Chopra, head of family office solutions at Avendus Wealth Management, noted that hospitality assets, alongside student housing, are experiencing a boom, particularly in tier-2 locations. 'Hotel investments offer a unique combination of depreciation cover, stable rental income, and long-term capital appreciation,' he growing appeal of hospitality assets is backed by strong fundamentals. India's total hotel transaction volume grew at steady pace to $340 million in 2024, from $337 million in robust activity in the first half of 2025, JLL forecasts volumes to accelerate and touch $400 million by December-end.'We anticipate the momentum seen in H1 2025 to sustain through the rest of the year,' said Jaideep Dang, managing director, hotels and hospitality group, India, JLL. Significantly, family offices—from being passive observers—are emerging as key drivers of deal-making in the hospitality like Manipal, with their expanding university ecosystems and regional healthcare hubs, are experiencing a surge in domestic travel and room demand. Analysts highlight limited branded supply in tier-2 cities like Manipal as a compelling opportunity for both greenfield and brownfield traditional real estate, hospitality assets demand deep operational alignment and brand partnerships. Once considered a high-risk segment reserved for large, diversified conglomerates, hotels are now firmly on the radar of family offices looking for stable income and long-term value creation.'We expect at least ₹5,000 crore of family-office capital to flow into Indian hotels over the next 2-3 years,' said initiatives aimed at promoting tourism, coupled with a rising domestic consumption story, have further bolstered investor confidence in hospitality as a strategic asset class. With rising RevPARs (revenue per available room), inadequate new supply in several micro-markets, and improving occupancy levels, experts say hotels will continue to attract private capital.
