New Launch24 Apr 2025, 03:34 pm
Spectrum Foods Ltd Signs 90-Day Exclusive LOI with Minor Hotels for India's First AVANI+ Resort in Pushkar
AI Summary
Spectrum Foods Ltd has entered into a 90-day exclusive Letter of Intent (LOI) with global hospitality operator Minor Hotels to negotiate and finalise a definitive Hotel Management Agreement (HMA) for the long-term operation of AVANI+ Pushkar Resort & Spa. The luxury retreat will consist of 185 keys, including 42 contemporary rooms and 143 private villas, and is set to open in two phases, with the first phase targeting August 2025.
Key Highlights
- Spectrum Foods Ltd has signed a 90-day exclusive LOI with Minor Hotels for the AVANI+ Pushkar Resort & Spa, India's first AVANI-branded property.
- The property will feature 185 keys, including 42 contemporary rooms and 143 private villas, with selected villas having private plunge pools and walled courtyards.
- Key facilities include an infinity-edge pool, AVANIFit Gym, AVANISpa, a flexible events hub, a kids club & family zone, and various dining options.
- The project is subject to final commercial negotiations, execution of the HMA, regulatory approvals, and construction execution of SFL.
- Minor Hotels is a global hospitality group with over 560 hotels, resorts, and branded residences across 58 countries.