LaRiSa Hotels Expands with AM Hotel Merger
Deal News | Feb 12, 2025 | EIN
In a significant move in the Indian hospitality industry, LaRiSa Hotels & Resorts and AM Hotel Kollection have announced a merger to create a formidable entity under the LaRiSa brand. The combined portfolio now includes 32 properties, comprising 26 operational units and several under development, with 950 keys ready and an additional 120 keys in progress. This partnership leverages AM Hotel's experience in managing boutique properties and LaRiSa's strengths in operating owned hotels, promising a 20-25% business growth through expanded management and ownership roles. The merger is set to accelerate growth by enhancing revenue channels, including pursuing new acquisitions and management contracts, as well as entering midmarket hospitality with new, value-centric brands. Key figures leading the company include Priya Thakur of LaRiSa and Randhir Narayan from AM Hotel Kollection. As part of its expansion, the merged entity is working on geographical expansion and launching midmarket segments with an international outlook.
Sectors
- Hospitality
- Travel & Tourism
Geography
- India – The headquarters and primary market of both LaRiSa Hotels & Resorts and AM Hotel Kollection are in India, indicating significant relevance to this geography.
- International – The merger includes plans for international expansion, indicating growth opportunities outside of India.
Industry
- Hospitality – The article discusses the merger of two hospitality companies, focusing on hotel management and expansion strategies within the industry.
- Travel & Tourism – The merger aims to enhance guest experiences and expand geographical reach, directly impacting travel and tourism sectors.
Financials
- INR 100 Crore – Combined annual operating revenue of the merged entities.
- USD 50-100 (Approximately INR 4000-9000) – Targeted price range for new mid-market brand hotel rooms.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LaRiSa Hotels & Resorts | Acquiring company | Companies | An Indian hospitality company known for owning and operating a collection of hotels. |
| AM Hotel Kollection | Target company | Companies | Operates and manages experiential boutique hotels with a focus on lifestyle properties. |
| Priya Thakur | Owner and Director of LaRiSa Hotels | People | Key leader involved in the expansion and strategic direction of LaRiSa Hotels & Resorts. |
| Randhir Narayan | Founder and CEO of AM Hotel Kollection | People | Central figure in facilitating the merger and delivering strategic leadership for the new entity. |