M&A M&A
UK real estate advisor Savills’ India arm acquires hospitality consulting co. Hotelivate
Source Mint (opens in a new tab)
The Indian unit of Savills Plc, a UK-based real estate advisor, has acquired a majority stake in Gurugram-based Hotelivate to expand its hospitality advisory services across the Asia-Pacific region.Founded in 2017 by the former HVS India team, Hotelivate provides hospitality consulting services through its offices in Delhi, Mumbai, Bangkok, Dubai, and Singapore. The company claims to hold about 55% domestic market share in India, with 20-25% of its revenue generated from outside India, a share projected to grow to 90% following the Savills deal.