Espire Hospitality Partners with Marriott International for JW Marriott Hotel in Kosi Kalan
Espire Hospitality has signed a partnership agreement with Marriott International to develop a JW Marriott hotel in Kosi Kalan. The luxury hotel will feature 151 rooms and multiple premium amenities, with operations scheduled to begin in January 2029. This strategic collaboration enhances Espire Hospitality's portfolio in the luxury hospitality segment.
Espire Hospitality Limited revealed plans to add five new hotel properties in Udaipur, Rishikesh, and North Goa, aiming to double inventory by March 2026. The company reported impressive Q1 FY26 financial results with revenue at 3,174.13 (82% YoY growth), EBITDA at 761.47 (218% YoY growth), and substantial PAT growth. Operational metrics showed strong performance with ADR at Rs. 7,493 and RevPAR at Rs. 5,716 (18% YoY increase). The company added two new properties in Q1, contributing 75 rooms. Espire Hospitality is pursuing further expansion across India, targeting to add over 900 keys to its portfolio.
05Aug 25
Espire Hospitality Reports Record Q1 Results with 82% Revenue Growth
Espire Hospitality Limited announced record-breaking Q1 results with revenue of Rs. 3,174.13 crore, up 82% year-over-year. EBITDA grew 218% to Rs. 761.47 crore, and PAT reached Rs. 140.71 crore. The company outperformed industry averages with an 18% increase in RevPAR to Rs. 5,716. Two new properties were added, increasing room inventory by 75 keys. Espire plans to add over 900 keys through new hotel openings and is negotiating for 20+ additional properties across 14 markets, potentially adding 1,000+ keys in the next 12 months.
29May 25
Espire Hospitality Reports Impressive Q4 Growth with 462.5% Surge in Net Profit
Espire Hospitality announced impressive Q4 financial results, with net profit soaring 462.5% to ₹45.00 crore from ₹8.00 crore year-over-year. Revenue also saw a substantial increase of 310.1%, reaching ₹406.00 crore compared to ₹99.00 crore in the same quarter last year. This remarkable growth in both profit and revenue indicates strong operational performance and potential sector recovery.