Two hospitality companies have aligned forces, creating one powerhouse organisation strategically positioned for the future of the Indian hospitality industry: LaRiSa Hotels and Resorts owns and operates hotels with a portfolio of 8 properties across India, and AM Hotel Kollection manages experiential boutique hotels with 18 properties. In its new avatar, the new company under the brand LaRiSa Hotels and Resorts captures the passions and unique strengths of AM Hotel Kollection, an established operator managing independent and lifestyle properties, and LaRiSa Hotels, known for its owned and operated hotels, as well as curated and experiential hospitality.
This merger will drive greater success and provide the necessary momentum for accelerated growth – allowing the company to participate in branded and co-branded ownership and management space. Their combined centres of excellence will make them the property manager and employer of choice as they deliver improved and accelerated results focused on service to owners and hotel guests. Over the next few years, the merged entity expects 20–25% growth from the existing and also hopes to enhance the revenue through new acquisitions and management contracts.
Leading the new company are Ms Priya Thakur – Owner and Director of Larisa Hotels, and Mr Randhir Narayan—Founder and CEO of AM Hotel Kollection. This transformative partnership merges Larisa’s signature collection with AM Hotel Kollection’s unique hotels across India and beyond, creating a collective portfolio of 32 diverse hotels, resorts, and villas.
Ms Priya Thakur, Owner and Director of Larisa Hotels
Ms. Priya Thakur commented, “This merger is a milestone in LaRiSa’s journey, aligning two like-minded brands that share a passion for redefining hospitality. The focus and goal of our merger is to be the best in independent and brand management as well as the most experiential hotel company in the industry for our guests, our employees, and the communities we operate in. Together, we envision an expansion in the coming years, bringing our guests even more diverse, immersive, and transformative experiences.”
Mr Randhir Narayan, Founder and CEO of AM Hotel Kollection
Mr. Randhir Narayan said, “The big idea has always been about that perfect balance between business strategy, employee culture, and unique guest experiences. We understood that there were unique advantages in combining the respective strengths of our organisations. Now, the new umbrella brand LaRiSa Hotels & Resorts, with its experience of owned properties and capability to innovate, will significantly enhance owner value, allow for employee advancement opportunities, as well as portfolio growth.”