Sinclairs Udaipur Operations to Cease by June 2026
Sinclairs Hotels Ltd has decided to discontinue operations at its Udaipur property by cancelling the lease, effective June 30, 2026. This strategic move follows a careful evaluation of the unit's continuous financial losses, which impacted the company's overall profitability. The company is now focusing its efforts on West Bengal, where it plans to expand existing properties and develop new greenfield projects, leveraging strong brand recognition. This strategic shift is supported by anticipated improvements in tourism due to infrastructure development and government focus on North Bengal and Sikkim, which is expected to benefit its properties in Siliguri, Chalsa, Kalimpong, Darjeeling, and Gangtok.
Key Highlights
- Sinclairs Udaipur operations to close by June 30, 2026.
- Decision driven by continuous financial losses at the Udaipur unit.
- Company to focus expansion on West Bengal properties.
- Strategic shift aims to improve overall profitability.
- Expansion plans align with tourism growth in West Bengal.
Price Impact
More from SINCLAIR