Eco Hotels and Resorts Ltd., a green hospitality hotel chain, announced plans to open a new property in Aurangabad, Maharashtra, to expand into tier-2 and tier-3 cities. According to their statement, the mid-segment hospitality company is expected to finalize the deal for the 48-room property next week.
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Eco Hotels and Resorts’ board has already approved the acquisition this month. The company said it is expanding eco-friendly hospitality with key locations across India, including Kota, Nagpur, Aurangabad, Mysuru, and Cochin, as demand for green properties is rising in metros, tier-2, and tier-3 cities. Last month, the company signed deals to open hotels in Tirupati, Mysore, and Nagpur.
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Vinod K Tripathi, Executive Chairman of Eco Hotels and Resorts Limited, said, “We have been mindful in choosing our partners and adding properties to our portfolio to expand our footprint in these dynamic cities and many more to come.” Eco Hotels aims to operate 5000 hotel rooms in India over the next five years.
The World’s First Hotel Brand Of Its Kind To Achieve Carbon Neutrality
The company is guided by three key principles: People, Planet, and Profit. Its objective is to establish standards for mid-segment hotels in India and to operate over 20,000 rooms within the next ten years, with a focus on achieving net carbon neutrality. To reach this goal, the company will implement 3D Volumetric Construction Technology, which allows for the completion of a 100-room hotel in less than a year and reduces CO2 emissions by nearly 60%. Additionally, the company will operate under the EBOT model to further support its carbon-neutral initiatives and plans to open pure vegetarian hotels in response to customer preferences.
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