Residency Hotels opens ₹450-cr luxury convention property in Madurai, its 8th hotel

Chennai-based Appasamy Group's Residency Hotels has launched The Residency Signature in Madurai, a ₹450-crore luxury hotel spanning 7 acres with 186 rooms and 5 lakh sq ft of built-up space. The property targets MICE, weddings and spiritual tourism, marking the chain's 8th hotel and signalling deepening Tier-2 hospitality investment.

— Source publishedWed, 10 Jun, 2026, 20:49 IST·First seen Wed, 10 Jun, 2026, 20:56 IST·Source The Hindu BusinessLine

What happened

Chennai-based Appasamy Group's The Residency Hotels launched The Residency Signature, a ₹450-crore luxury hotel and convention centre in Madurai with 186 rooms

Key facts

  • ₹450 crore
  • 186 rooms
  • 7 acres
  • 5 lakh sq ft
  • 8th hotel

Why this matters

Residency's 8th-hotel push into Madurai confirms Tier-2 spiritual-tourism corridors are in active land-grab mode, so we should accelerate site diligence in Trichy, Tirupati and Vellore before cap rates compress.