Espire Hospitality posts record FY26: revenue up 17% to Rs 141 cr, EBITDA up 38%
The hotel operator reported FY26 revenue of Rs 141.06 cr (up 17% YoY) and EBITDA of Rs 31.9 cr (up 38%), with PAT at Rs 8.12 cr. Now running 17 hotels and 737 rooms with RevPAR of Rs 6,317, it added six Country Inn properties and plans a Rs 300 cr JW Marriott near Vrindavan, targeting 1,000 keys annually.
What happened
Espire Hospitality reported record FY2026 results: revenue Rs 141 cr (up 17%), EBITDA up 38%. It now runs 17 hotels/737 rooms, added six Country Inn properties,
Key facts
- Revenue Rs 141.06 cr (up 17% YoY)
- EBITDA Rs 31.9 cr (up 38% YoY)
- PBT Rs 11.57 cr
- PAT Rs 8.12 cr
- 17 hotels, 737 rooms
- RevPAR Rs 6,317
- ADR Rs 10,827
- Q4 revenue Rs 48.73 cr (up 19%)
- Vrindavan resort Rs 300 cr investment
- 1,000 keys annually target
Why this matters
The Rs 300 cr JW Marriott near Vrindavan and 1,000-keys annual target open clear opportunities for management contracts, JV partnerships, and capital-raise conversations to fund the pipeline.
What to watch
- Quarterly RevPAR and occupancy trend vs Rs 6,317 base
- Net debt / leverage ratio as capex deploys
- JW Marriott Vrindavan groundbreaking and timeline milestones
- New key signings/openings pace vs 1,000/year guidance
- Pre-opening cost drag on EBITDA margin in interim quarters
- Pursue fund-raise (debt, private equity, or pre-IPO round) to finance Rs 300 cr Marriott and 1,000-key target
- Sign more management/franchise contracts (Country Inn-style) to grow keys asset-light and protect margins
- Lock in land/site acquisitions near pilgrimage and tier-2 leisure corridors riding the Vrindavan religious-tourism theme
- Push RevPAR higher via brand-mix premiumization and direct-booking initiatives