Espire Hospitality Limited has received board approval for the incorporation of a wholly-owned subsidiary company, marking a strategic expansion in its operational capabilities. The board of directors approved this decision during their meeting held on December 10, 2025, which commenced at 5:00 PM IST and concluded at 5:45 PM IST.

Subsidiary Company Details

The new entity will operate under the name 'Espire Procurement Private Limited' and will be incorporated under the provisions of the Companies Act, 2013. The proposed company's registered office will be situated in Delhi, India, positioning it strategically for business operations.

Business Focus and Operations

The subsidiary will engage in specialized procurement and trading activities tailored to the hospitality sector. The company's business scope encompasses:

• Operating supplies for hotels and resorts
• Equipment procurement and trading
• Furniture and fixtures supply
• Cutlery and crockery products
• Kitchenware products for hospitality industry

This focused approach will enable Espire Hospitality to streamline its supply chain operations and potentially achieve cost efficiencies in procurement activities across its hotel and resort properties.

Financial Structure

The subsidiary will be established with a modest initial capital structure, reflecting a measured approach to the new venture.

Regulatory Compliance

The incorporation has been disclosed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that no specific governmental or regulatory approvals are required for this incorporation beyond standard company formation procedures.

The board meeting details and incorporation approval demonstrate Espire Hospitality's commitment to expanding its operational infrastructure while maintaining transparency with stakeholders and regulatory authorities.

Espire Hospitality Limited , a prominent player in the Indian hospitality sector, has announced significant expansion plans and robust financial results for the first quarter of fiscal year 2026.

Expansion Plans

The company has signed agreements for five new hotel properties across Udaipur, Rishikesh, and North Goa, aiming to double its inventory by March 2026. The new additions include:

• Country Inn Premier, Udaipur: A 55-room property in the city center, featuring a rooftop pool, restaurant, and extensive banqueting space. Set to open in January 2026.
• Three properties in Rishikesh:
  • Country Inn Premier: Located 500 meters from Lakshman Jhula, offering Ganga view rooms and various amenities.
  • Country Inn: Another property near Lakshman Jhula with Ganga view rooms and recreational facilities.
  • Smart Stays by Country Inn: A vibrant 31-room offering with a rooftop pool and restaurant. All three Rishikesh properties are scheduled to open in November 2025.
• Country Inn, Calangute, North Goa: A 44-room property situated 500 meters from Calangute Beach, featuring spacious rooms with private balconies and two restaurants. Opening planned for November 2025.

Akhil Arora, CEO and Managing Director of Espire Hospitality Limited, stated, "This is a major milestone in Espire Hospitality Limited's growth story. Each of these five signings reflects our commitment to expanding thoughtfully across India's most culturally, spiritually, and experientially rich destinations."

The company is also finalizing plans for a new ZANA Resort in Dehradun and exploring opportunities for three luxury hotels in Mussoorie, Mumbai, and near Vrindavan.

Q1 FY26 Financial Highlights

Espire Hospitality Limited reported strong financial results for the quarter ended June 30, 2025:

The company's operational performance was equally impressive:

• Average Daily Rate (ADR): Rs. 7,493
• Revenue Per Available Room (RevPAR): Rs. 5,716, an 18% increase year-over-year

During Q1 FY26, Espire Hospitality added two new properties to its portfolio: Country Inn Gurugram and Country Inn Maribella Amritsar, contributing 75 additional rooms.

Rajeev Chatterjee, Chief Financial Officer, commented on the results: "Delivering the highest-ever first-quarter financial performance in Q1 FY 2025–26 marks a proud and defining milestone for Espire Hospitality. This sustained momentum is a direct result of our sharp strategic focus, disciplined execution, and the unwavering commitment of our teams across the organization."

Future Outlook

Espire Hospitality Limited is actively pursuing expansion in key business hubs, spiritual circuits, and leisure destinations across India. The company aims to add over 900 keys to its portfolio through new hotels in various locations, including Udaipur, North Goa, Dehradun, Ghaziabad, Vrindavan, Mussoorie, Navi Mumbai, Gurugram, Lucknow, Amritsar, Rishikesh, and Bengaluru.

With its multi-tiered portfolio catering to luxury, upscale, and midscale segments, Espire Hospitality is well-positioned to capture demand across key traveler segments and drive long-term profitability in India's growing hospitality sector.