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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; 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Accor sees strong growth in India’s hospitality sector, plans more brand launches
2026-05-08 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
A 149-keys hotel under the Hoxton brand will come up in Bengaluru in November

A 149-keys hotel under the Hoxton brand will come up in Bengaluru in November

 Accor is witnessing strong growth in India and is in active discussions with developers to grow its portfolio of luxury and lifestyle hotels in the country, said Gaurav Bhushan, group CEO of Ennismore, chain’s lifestyle division 

“Operating performance in India is strong despite the crisis in West Asia. We have an incredible pipeline and that is building up nicely,” Bhushan said.

On Friday, it opened Roswyn, A Morgans Original brand hotel in Mumbai - the first such property under Ennismore which houses Accor’s lifestyle brands. The Roswyn, which is situated near the airport, comprises 109 suites that measure 80-175 metres. The suites are priced upwards of ₹35,000-40,000 a night.

New Projects

Bhushan said there is a very big market for different hospitality segments in India and the company is in active negotiations to introduce its other lifestyle brands in the country. A 149-keys hotel under the Hoxton brand will come up in Bengaluru in November.

In India, Accor has 74 hotels in operation and 60 others in pipeline. Globally, the France-headquartered chain runs 5,800 plus hotels in 110 countries. Ennismore has over 200 hotels under its umbrella.

Modern Hospitality

“The opening of Roswyn, as part of Ennismore brands, marks an important milestone in bringing globally relevant lifestyle-led hospitality to India. The launch underscores our commitment in delivering distinctive experiences that resonate with the modern traveller,” said Ranju Alex, CEO, Accor, South Asia.

Nitin Chhatwal, Managing Director of Shrem Airport Hotels which has developed the Roswyn said hospitality market is evolving with demand coming from both families and corporates. “We are the market leader in pricing. We don't go for volume. We go for quality,” Chhatwal said in response to queries on competition and room rates.

Published on May 8, 2026