Saltstayz To Add 22 Hotels, Eyes Expansion In West And South

22 Jun 2026 CW Team

Saltstayz will add 22 properties in the current financial year, taking its portfolio to 55 hotels by the year end, the company said. The expansion will focus on western and southern India as part of a planned shift in regional presence. The move follows a strategy to accelerate growth without heavy asset ownership.

The Gurugram based hospitality firm currently operates 33 hotels with around 1,214 keys across the mid premium to premium segments. It is present in seven cities under three brands Autograph, Select and Premier. The company emphasised that the new openings will deepen presence in leisure and business destinations.

Saltstayz intends to pursue an asset light model using lease, revenue sharing and management contracts and has set a medium term target of 250 hotels in 50 cities. That pipeline is projected to total around 10,000 to 11,000 keys and will include both existing centres and new markets. The company also plans to pursue opportunities in religious and spiritual tourism where year round footfall is observed.

At present the group employs about 670 people and reported revenue of Rs 12,140 million (mn) in 2025–26. It is targeting a workforce of over 3,000 to 3,500 staff and revenue of Rs 15,000 million (mn) by FY30. The founders have so far funded growth from internal resources, including invested capital of Rs 120 million (mn). For expansion the company expects to invest Rs 180 to 200 million (mn) in new cities and is considering debt and possible equity as funding options to accelerate the rollout.

The leadership explained that avoiding asset ownership is intended to speed expansion and preserve capital. Management indicated that achieving the FY30 ambition will require a quicker influx of funds and that the company is considering raising money this year. The firm has so far preferred debt but is evaluating equity as an additional option to accelerate rollouts.

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