Sterling Holiday Resorts Launches Sterling Mount Olive in Gangtok, Expands Sikkim Presence

Thomas Cook 's Sterling Holiday Resorts has announced the launch of Sterling Mount Olive in Gangtok, marking a significant expansion in the northeastern tourism market. This new property represents the company's second establishment in Sikkim, reinforcing its commitment to developing hospitality infrastructure in emerging destinations.

Strategic Location and Urban Positioning

Sterling Mount Olive has been strategically positioned in Development Area, the business and administrative hub of Gangtok. Located on elevated terrain, the hotel offers sweeping views of the city skyline from its rooms and balconies, placing guests within walking distance of key government offices, business centers, and the vibrant MG Marg shopping promenade.

Property Details:	Information
Property Name:	Sterling Mount Olive
Location:	Development Area, Gangtok, Sikkim
Target Segment:	Business and City-Focused Leisure Travelers
Company Position:	Second Sterling property in Gangtok, Fourth in North-East
Key Features:	Private balconies, city/hill views

Management Vision and Market Strategy

Commenting on the launch, Vikram Lalvani, Managing Director & CEO of Sterling Holiday Resorts, emphasized the property's strategic importance. "The launch of Sterling Mount Olive Gangtok strengthens our presence in the North East with a hotel that is purposefully designed around location and accessibility. Gangtok attracts both business and leisure travellers throughout the year, & this property addresses the need for a centrally located, high-quality stay," he stated.

Dining and Guest Experience

The property features Latitude 27, an all-day restaurant inspired by the Himalayan latitude running through the region. The restaurant offers a mix of global comfort cuisine and regional specialties including Masyang ko Dal, Baans ko Tusa, and Thentuk, serving as a natural social hub for both resident guests and visitors.

Dining Features:	Details
Restaurant Name:	Latitude 27
Cuisine Type:	Global comfort and regional specialties
Signature Dishes:	Masyang ko Dal, Baans ko Tusa, Thentuk
Focus:	Seasonal ingredients, relaxed dining

Connectivity and Tourism Access

Sterling Mount Olive provides convenient access to key attractions such as Tashi View Point, Do Drul Chorten, and Banjhakri Falls. The hotel serves as a practical launch point for day trips to Tsomgo Lake and Baba Mandir, while maintaining connectivity through Bagdogra Airport and New Jalpaiguri railway station for domestic and international travelers.

This launch complements Sterling's existing leisure resort, Sterling Gangtok Orange Village, which is situated in quieter surroundings outside the city. With this addition, Sterling Holiday Resorts now operates four properties in the North-East region, including Sterling Darjeeling, Sterling Park Kalimpong, and Sterling Gangtok Orange Village, as part of its portfolio spanning 58 unique destinations across India.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.43%	-6.85%	+0.65%	-15.89%	-27.24%	+188.89%

Thomas Cook (India) Limited has announced a significant corporate restructuring move involving its material subsidiary. The company's wholly-owned subsidiary, Sterling Holiday Resorts Limited (SHRL), has received shareholder approval to relocate its registered office from Tamil Nadu to Maharashtra.

Shareholder Approval and Timeline

The relocation decision was formally approved by SHRL shareholders at an Extraordinary General Meeting held on January 5, 2026. The approval was granted based on the recommendation of Sterling Holiday Resorts Limited's Board of Directors, marking a strategic corporate move for the subsidiary.

Office Relocation Details

The registered office shift involves a complete geographical transition across states. The following table outlines the relocation specifics:

Parameter:	Details
Current Location:	236, 4th Floor, Purva Primus, Okkiyampettai, Old Mahabalipuram Road, Thoraipakkam, Chennai, Tamil Nadu - 600097
New Location:	303-304, 3rd Floor, Star Hub, Building No. 2, Sahar Airport Road, Andheri (E), Mumbai – 400059
State Transition:	Tamil Nadu to Maharashtra
Approval Date:	January 5, 2026

Regulatory Compliance

The office relocation is subject to completion of necessary regulatory formalities. Thomas Cook (India) Limited has made this disclosure in compliance with Regulation 30(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Structure Context

Sterling Holiday Resorts Limited operates as a wholly-owned material subsidiary of Thomas Cook (India) Limited. The parent company has fulfilled its disclosure obligations under SEBI Listing Regulations by informing both BSE Limited and National Stock Exchange of India Limited about this corporate development.

The announcement was signed by Amit J. Parekh, Company Secretary & Compliance Officer of Thomas Cook (India) Limited, ensuring proper corporate governance protocols were followed throughout the process.