Suba Hotels signed a term sheet to operate a 46-key Click Hotel in BKC, Mumbai. The revenue-sharing deal runs 15 years with a 10-year extension option.
Execution
15 years, with a further 10-year extension by mutual agreement
Suba Hotels opened its 7th hotel, Quality Inn Serenity, in Lucknow with 36 rooms under a management agreement. It is the third Choice Hotels portfolio property.
Suba Hotels opened its 7th Bengaluru property, Click Hotel Galaxy at Mylanahalli, with 54 rooms and an in-house restaurant. This expands the company's hospitality footprint in Karnataka.
Suba Hotels signed a 10-year franchise-management term sheet for a 40-key Quality Inn in Bodinayakanur, Tamil Nadu. This expands its asset-light portfolio in the region.
Suba Hotels Limited signed a revenue-sharing agreement to operate 'Comfort Inn' in Govardhan, Uttar Pradesh. The 42-room property expands its asset-light management portfolio for 15 years.
Suba Hotels signed term sheets for management agreements for three hotels in Bengaluru, Madhya Pradesh, and Hyderabad. The expansion adds 179 new guest rooms.
Suba Hotels Limited signed a binding agreement with Kanha Realty to operate a new 75-key 'Comfort Inn' hotel in Vadodara, Gujarat. The arrangement follows a revenue-share model for a 15-year term. This move aligns with the company's asset-light expansion strategy to strengthen its hospitality portfolio in the region.
