Dharampal Satyapal (DS) Group is increasing its hotel investment for fiscal year 2027 by 50%, raising the total to ₹1,500 crore amid a booming hospitality sector, according to livemint.com. The FMCG-to-hospitality conglomerate plans to expand its hotel portfolio significantly over the next few years.
The group is targeting the addition of 10-12 hotels by fiscal year 2029 through a combination of acquisitions and new projects. One notable acquisition is Uppal's Orchid hotel in Delhi, which DS Group intends to convert into a W Hotel by 2027. This strategic move aims to capitalize on the rising demand for hotel rooms, which currently outpaces supply in the market.
The hospitality sector in India is experiencing strong growth due to increased travel and tourism, leading to a shortage of available hotel rooms. DS Group's investment increase reflects broader market trends where established conglomerates are expanding their presence in hospitality. This move positions DS Group alongside other major players seeking to benefit from the sector's upward trajectory.
DS Group's commitment to invest ₹1,500 crore in FY27 marks a significant scaling up of its hospitality ambitions, with the next milestone being the launch of the W Hotel in Delhi by 2027, as reported by livemint.com.