Saltstayz To Expand Portfolio With 22 New Properties
ECONOMY & POLICY

Saltstayz To Expand Portfolio With 22 New Properties

Saltstayz plans to add 22 properties to take its portfolio to 55 hotels by the end of the financial year, focusing growth on western and southern India. The company currently operates 33 hotels with around 1,214 keys in the mid-premium to premium segments.

The Gurugram-based hospitality group is present across key destinations in seven cities under three brands, Autograph, Select and Premier. It follows an asset-light model that includes lease, revenue-sharing and management contracts and is pursuing aggressive expansion toward a target of 250 hotels in 50 cities, totalling around 10,000-11,000 keys.

The co-founder said the group intended to concentrate its next phase of expansion on the south and the west because its presence was stronger in the north, and that spiritual tourism and properties in religious destinations formed part of the strategy. Management prefers not to own assets as ownership would slow the roll-out and the group is targeting any city with year-round footfall.

The company currently employs around 670 people and reported revenue of Rs 12,140 mn in 2025-26, and it is targeting a workforce of over 3,000-3,500 and revenue of Rs 15,000 mn by FY30. The expansion plan is expected to increase staffing needs and operational scale across new and existing markets.

Management said the business has so far been bootstrapped and funded entirely through internal resources, without equity dilution, and that Rs 120 mn had been invested to date. The model is intended to limit capex, and the group plans to invest around Rs 180-200 mn in new cities to support the roll-out.

To reach the FY30 objective, the company acknowledged a likely requirement for a quick influx of funds and said it would seek external financing this year, with debt viewed as the primary option so far and equity under consideration though no final decision had been made. The group will continue to sign properties using asset-light arrangements to scale rapidly.

Saltstayz plans to add 22 properties to take its portfolio to 55 hotels by the end of the financial year, focusing growth on western and southern India. The company currently operates 33 hotels with around 1,214 keys in the mid-premium to premium segments. The Gurugram-based hospitality group is present across key destinations in seven cities under three brands, Autograph, Select and Premier. It follows an asset-light model that includes lease, revenue-sharing and management contracts and is pursuing aggressive expansion toward a target of 250 hotels in 50 cities, totalling around 10,000-11,000 keys. The co-founder said the group intended to concentrate its next phase of expansion on the south and the west because its presence was stronger in the north, and that spiritual tourism and properties in religious destinations formed part of the strategy. Management prefers not to own assets as ownership would slow the roll-out and the group is targeting any city with year-round footfall. The company currently employs around 670 people and reported revenue of Rs 12,140 mn in 2025-26, and it is targeting a workforce of over 3,000-3,500 and revenue of Rs 15,000 mn by FY30. The expansion plan is expected to increase staffing needs and operational scale across new and existing markets. Management said the business has so far been bootstrapped and funded entirely through internal resources, without equity dilution, and that Rs 120 mn had been invested to date. The model is intended to limit capex, and the group plans to invest around Rs 180-200 mn in new cities to support the roll-out. To reach the FY30 objective, the company acknowledged a likely requirement for a quick influx of funds and said it would seek external financing this year, with debt viewed as the primary option so far and equity under consideration though no final decision had been made. The group will continue to sign properties using asset-light arrangements to scale rapidly.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

PMC Approves Rs 5.78 bn Waste Processing Contract

The Pune Municipal Corporation approved a Rs 5.7796 billion (bn) fifteen-year contract to process 500 metric tonnes (t) of waste daily at the Devachi Uruli depot and allowed unauthorised overhead cables to remain temporarily for one year subject to a fee. The decision was taken by the civic body to appoint a private operator for an integrated waste facility covering about 12 acres. The approval frames the contract as an operational arrangement with a fixed base rate and annual adjustments. The contract was awarded to Bhoomi Green Energy Envirocare LLP, which quoted Rs 772 per t, compared with ..

Next Story
Infrastructure Urban

Kerala High Court to Inspect Brahmapuram Waste Plant

Two judges of the Kerala High Court, Justice Bechu Kurian Thomas and Justice Gopinath P, will inspect the Brahmapuram waste management plant on 11 September as part of the suo motu proceeding on the plant's maintenance. The inspection was scheduled to allow the bench to assess conditions on site and to verify representations made by municipal and state authorities. The court listed the site visit during a hearing and directed officials to prepare for an on-site review. The bench instructed authorities to file a detailed report on the plant's present functioning ahead of the visit. It said the ..

Next Story
Infrastructure Transport

Ahmedabad Geetamandir Bus Port Terminal Two Ready with Airport Facilities

Ahmedabad’s Geetamandir Bus Port has completed a separate Terminal Two, which is ready to serve passengers travelling to Saurashtra-Kutch and North Gujarat. The facility has been developed with airport like facilities to improve passenger comfort and ease of travel. Deputy Chief Minister Harsh Sanghvi is scheduled to inaugurate the new terminal today. Authorities say the design focuses on smoother boarding and reduced congestion. Terminal Two will become operational from 13 August and is expected to handle 1,091 buses daily servicing routes to Saurashtra-Kutch and North Gujarat. The new arra..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement