New-age hotels go light to take on big chains
Live MintNew Delhi: Barely 10 months old, Alivaa Hotels is part of a new breed of hospitality ventures charting out ambitious plans. The new arrangement, instead of the prevalent practice of setting up properties and hiring firms to manage them, keeps Ananta Capital-backed Alivaa's finances strong and ensures stable and predictable returns for hotel owners. This gives owners of hotels an easier passage into the business and some level of comfort when they are first starting out," said Ishaan Koul, director at Delhi-based Naaz Hotel Consultants. This month, the company signed a new hotel in Shirdi, Maharashtra and is likely to work with the same owners to manage their future hotels in Agra and Goa. By October 2022, we pivoted our business model to move towards hotel operating leases which helped us scale," said Mehul Sharma, founder and CEO of the company.
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