The success of Oyo and Treebo have opened up a vast opportunity to consolidate hotel assets from the unorganized sector into the branded fold.
The company plans to relaunch and reposition most of its existing hotel brands as it continues to expand its business across South Asia.
The bank expects to raise around ₹250-300 crore from the sale of non-core properties.
The platform plans to build around five projects totalling around 3000 units in Mumbai surburbs, Gurugram and Noida in the next four too five years.
The company, which is set to enter the hospitality segment, is exploring more options in the real estate sector to expand its portfolio beyond commercial office space.
The company is currently in talks with multiple hotel owners to buy out existing hotel properties in Pune, National Capital Region and Chennai.
The acquisition pegs Digiphoto Entertainment Imaging’s enterprise valuation at ₹289 crore.
CoWrks has set an ambitious target to have around 75-80 centres by this year-end, a three-fold increase from its existing number.
KSH Infra, which operates two warehousing and industrial logistics parks, had been looking to raise funds to expand its warehousing business.
The transaction comes at a time when the property market is undergoing a phase of consolidation where several local builders are forging alliances with corporate developers.