Black Rock Hotels targets 2,000-room MICE portfolio by 2027
Jaipur-based Black Rock Hotels is scaling past 850 rooms across 7 properties toward 2,000+ rooms by 2027, anchored by the new 351-room Ananta Jaipur and the acquisition of Mumbai's Pegasus Events. Owned developments are planned across Rajasthan, Uttarakhand and Gujarat as the group doubles down on MICE.
What happened
Black Rock Hotels & Resorts · Jaipur-based Black Rock Hotels is scaling its MICE-focused hospitality portfolio to over 2,000 rooms by 2027, recently adding
Key facts
- 850 rooms
- 7 hotels
- 351 rooms
- 1,000 delegates
- 550-600 rooms
- 2,000 rooms by 2027
Why this matters
The Pegasus Events tuck-in and multi-state owned pipeline suggest Black Rock is open to inorganic moves, creating partnership or co-development openings for asset owners, F&B brands and MICE-tech vendors targeting Rajasthan-Gujarat-Uttarakhand corridors.
What to watch
- Ananta Jaipur opening occupancy and ADR in first two quarters
- Pegasus Events revenue retention post-acquisition (client churn signal)
- Any debt raise, NCD filing, or PE term sheet disclosure
- Land acquisition announcements in Uttarakhand (Rishikesh/Jim Corbett) and Gujarat (Statue of Unity/Gir belt)
- Competitive MICE supply: Leela Jaipur, Marriott Jaipur Convention, ITC expansions
- Rajasthan G20-style government event mandates flowing to domestic operators
- Announce 2-3 additional land parcels or asset acquisitions in H2 FY25 to credibilize 2027 pipeline
- Cross-sell Pegasus event clients into Ananta Jaipur and upcoming Udaipur/Rishikesh keys
- Launch a sub-brand or banquet-led format for tier-2 Rajasthan-Gujarat MICE demand
- Explore NCD or structured debt raise; possible minority stake sale to fund owned capex
- Recruit senior MICE sales leadership from Marriott/IHCL convention divisions