From The Economic Times · Faizan Haidar · · 1m 20s
Black Rock Hotels Targets 4500 Rooms by 2031
Black Rock Hotels plans to expand to 4,500 hotel rooms by 2031 with a revenue share model.
In brief
Black Rock Hotels plans to expand to 4,500 hotel rooms by 2031 with a revenue share model. Black Rock Hotels aims to reach 4,500 rooms by 2031 through a revenue share model and international expansion. Originally reported by The Economic Times.
Black Rock Hotels Expansion Plan
Black Rock Hotels & Resorts, founded by Anshul Bhargava, aims to expand its portfolio to 4,500 hotel rooms by 2031.
Current Portfolio Details
The company operates seven hotels with about 950 keys, including Ananta Spa & Resort, Anant Mahal, and Beelwa Palace in Jaipur.
Revenue Share Model
Black Rock pays owners 25% of gross revenue and keeps the rest while bearing salaries and running costs.
2027 Expansion Target
Black Rock plans to add around 900 more keys by the end of 2027 and expects to cross 3,000 keys by 2030.
Initial Public Offering
Black Rock aims to go public in 2031 with a minimum annual revenue of Rs 1,200 to 1,300 crore before listing.
First Owned Property
The company's first owned property, a 241 room resort in Udaipur, will open with 150 rooms in March 2027.
International Expansion
Black Rock is in talks for properties in Dubai, the Maldives, and Mauritius for international expansion.
The headline
Black Rock Hotels aims to reach 4,500 rooms by 2031 through a revenue share model and international expansion.
