Saltstayz To Expand Portfolio With 22 New Properties

22 Jun 2026 CW Team

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.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..