Eco Hotels & Resorts Limited has announced the launch of its new 58-room hotel, Eco Satva Shirdi, in Maharashtra. This expansion marks a significant step in the company’s strategy to broaden its hospitality portfolio across high-potential pilgrimage, leisure, and business destinations in India. The addition of this property increases the company’s operational rooms to over 280, with further expansion planned.
Eco Hotels Launches New Property in Shirdi
Eco Hotels & Resorts Limited has officially announced the launch of its latest property, Eco Satva Shirdi, a 58-room hotel located in Shirdi, Maharashtra. This strategic expansion is part of the company’s ongoing initiative to grow its hospitality portfolio within key pilgrimage, leisure, and business destinations across India. The opening of Eco Satva Shirdi strengthens the company’s presence in the state of Maharashtra.
Portfolio Expansion and Growth Strategy
With the addition of Eco Satva Shirdi, Eco Hotels now operates more than 280 rooms. The company has further expansion plans, including a 52-room property in Chhatrapati Sambhaji Nagar and a 16-room boutique hotel in Ayodhya, aiming to reach approximately 350 rooms before Diwali. This growth strategy focuses on identifying destinations with strong, sustained demand and developing properties that cater to specific market needs, particularly in pilgrimage tourism.
Property Features and Market Opportunity
Eco Satva Shirdi is situated on Nagar Manmad Road in Nimgaon Korhale, Shirdi, designed to attract the significant visitor base to this prominent pilgrimage destination. The hotel offers amenities such as a swimming pool and multiple dining options, including the pure vegetarian Satvik restaurant Sahar, a rooftop restaurant and bar, EcoSip Café, and Pan Asian and Continental dining. The company views Shirdi as a key opportunity for establishing a stronger hospitality presence and diversifying its portfolio.
Leadership Commentary
Mr. Vinod Kumar Tripathi, Executive Chairman of Eco Hotels & Resorts Limited, stated that the launch of Eco Satva Shirdi is a milestone in the company’s expansion strategy. He highlighted Shirdi’s potential as a year-round pilgrimage and tourism destination, allowing for the development of comfortable accommodation and unique food and beverage experiences. Mr. Vikram Doshi, Director Finance and CFO, Eco Hotels Group, added that Shirdi is emerging as a promising business hub, and the company is confident in driving higher occupancy and improving average room rates (ARR) at the property.
Source: BSE
