Hospitality player Shree Naman Group plans acquisitions of operating hotels

Mumbai-based Shree Naman Group is planning acquisitions of existing operating hotels besides focusing on new greenfield projects. The firm aims to reach at least 2,500 hotel rooms over the next five years and is open to institutional capital and partnerships to co-finance its hospitality assets while it continues to build a portfolio focused on luxury, upscale, and midscale segments.The firm owns the Sofitel Mumbai BKC and also operates the Ibis Mumbai BKC and Lemon Tree Hotel, Kalina BKC. Its current development pipeline includes about 650 to 700 rooms across projects in Goa, a resort near Pavana Lake, and an expansion of the Sofitel Mumbai BKC.Additionally, the group has secured a resolution plan approved by the National Company Law Tribunal (NCLT) for a stalled project in Kanjurmarg, Mumbai, which is expected to be operational by mid-2028 with 330 rooms.