Two hospitality companies have aligned forces, creating one powerhouse organization strategically positioned for the future of the Indian hospitality industry: LaRiSa Hotels and Resorts that owns and operates hotels with a portfolio of 8 properties across India and AM Hotel Kollection that manages experiential boutique hotels with 18 properties have a combined annual operating revenue of more than INR 100 Crore with 26 operational units comprising 950 keys and another 6 hotels with 120 keys on the anvil. In its new avatar, the new company under the brand LaRiSa Hotels and Resorts captures the passions and unique strengths of AM Hotel Kollection, an established operator managing independent and lifestyle properties, and LaRiSa Hotels, known for its owned and operated hotels, as well as curated and experiential hospitality. This merger will drive greater success and provide the necessary momentum for accelerated growth – giving the company an opportunity to participate in Branded and Co-branded ownership and management space. Their combined centers of excellence will make it the property manager and employer of choice as it delivers improved and accelerated results focused on service to owners and hotel guests. Over the next few years, the merged entity expects a 20-25% growth from the existing and also hopes to enhance the revenue through new acquisitions and management contracts. Hospitality innovators join forces Leading the new company are Ms. Priya Thakur – Owner and Director of Larisa Hotels and Mr. Randhir Narayan—Founder and CEO of AM Hotel Kollection. This transformative partnership merges Larisa’s signature collection with AM Hotel Kollection’s unique hotels across India and beyond, creating a collective portfolio of 32 diverse hotels, resorts and villas. This landmark merger cements Larisa’s position as a …
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The recent Agoda Travel Trend Survey concluded that respondents predominantly selected an annual spending range of USD 201-500 when considering travel budgets. The study polled participants from Asia (including India), Australia, and the United States. Krishna Rathi, Country Director India at Agoda said, “As a platform that is passionate about getting the best deals for our customers, we wanted to look at travel options that fit well within the expected travel spends”. He also added, “Capitalizing on additional discounts in the Agoda app, or using money-saving features like ‘price freeze’ are great ways to make your money go further, and enable travelers to create and discover many different travel options”. Mumbai to Aurangabad (Domestic) A history buff, an adventurer, or a wanderer of roads less traveled – it’s about time you plan your next vacation to Aurangabad, a hidden gem located in Maharashtra. With a plethora of pocket-friendly flight options to choose from. You can pack in a five-day first-rate itinerary. Book your stay at the Amarpreet, Chhatrapati Sambhaji Nagar – AM Hotel Collection – boasting of a modern yet cozy and leisurely atmosphere. Taj of the Deccan – Bibi Ka Maqbara – a stellar sight of Mughal Architecture. Elevate the adventure with some time at the Daulatabad Fort – a medieval defensive citadel, atop a conical-shaped hill. You may also plan a day trip to Lonar Crater Lake (Rs 10,640), located in the Buldana district. A spectacular astronomical wonder, the lake was formed due to a meteorite collision and also holds pink water – truly unmissable. Delhi to Muscat (International) Muscat, Oman is the undisputed choice for you if you fancy short-haul flights and international vacays without burning a …
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