Spectrum Foods Signs Non-Binding LOI with IHG for Pushkar Project

Spectrum Foods Limited has signed a non-binding Letter of Intent (LOI) with Intercontinental Hotels Group (IHG) for the management and branding of their upcoming 5-star Pushkar hotel under the upscale ‘voco’ brand. The proposed property is expected to launch by June 2025 with a resort size of 185 rooms, including pool villas, luxury rooms and suites, 3 F&B restaurants, a full-service spa, gymnasium, 5-star banqueting, wedding gardens, and corporate events spaces. IHG has provided financial projections for the Pushkar resort, with the starting revenue segments from June 1, 2025. Spectrum Foods is committed to finding an exceptional brand-value partnership for the project and may follow up the LOI with a Hotel Management Agreement (HMA) after commercial evaluation.