The Adani Group is in talks with Accor and ITC Hotels to manage hospitality assets acquired through the Jaypee deal, ET has reported based on information from sources. Large conglomerates frequently appoint specialist operators to run hotels they own. Yet this development deserves closer attention because it arrives at a time when Adani is rapidly assembling what could become one of India's largest hospitality portfolios. More importantly, it marks the group's first meaningful exposure to hotel assets that are not directly tied to its airport business. This can point to where Adani's hospitality ambitions eventually lead.
Adani is discussing management arrangements with Accor for some of the hotel properties it acquired through Jaiprakash Associates Ltd (Jaypee) while simultaneously holding talks with ITC Hotels for the management of Jaypee Greens Golf & Spa Resort in Greater Noida . This comes barely months after Adani Airport Holdings signed a major partnership with IHG Hotels & Resorts to develop and operate a portfolio of airport-linked hotels across India. These developments suggest a hospitality strategy that is beginning to extend beyond the confines of airport real estate.
