Acquisitions26 Dec 2025, 07:04 pm
Eco Hotels and Resorts Ltd Grants In-Principal Approval to Acquire Multiple Hotel Properties
AI Summary
Eco Hotels and Resorts Ltd, formerly known as Sharad Fibres & Yarn Processors Limited, announced the outcome of its Board Meeting held on December 26, 2025. The Board granted in-principal approval to the proposal of management to acquire several hotel properties on a long-term lease basis. These properties include greenfield and brownfield projects across various cities in India. The Board advised the management to conduct comprehensive due diligence prior to entering into any agreement.
Key Highlights
- Board granted in-principal approval to acquire multiple hotel properties on long-term lease basis
- Greenfield projects include properties in Gandhinagar, Ahmedabad; Dombivali; and Indore, Madhya Pradesh
- Brownfield projects include properties in Bangalore — Koramangala; Gurugram — Sector 52; and Udaipur
- Ready project: property in Hyderabad, Hitech city
- Board advised the Management to conduct comprehensive due diligence prior to entering into any agreement