Home / Business and Economy / Blackstone Buys Taj Aravali Stake for $100M+
Blackstone Buys Taj Aravali Stake for $100M+
9 Jan
Summary
- Blackstone acquired a 50% stake in Taj Aravali Resort & Spa.
- The deal was valued between $100 million and $110 million.
- The property will be upgraded and rebranded as Taj Exotica Resort & Spa Aravali.
Global asset manager Blackstone has significantly expanded its presence in India's hospitality sector by acquiring a 50% stake in Udaipur's Taj Aravali Resort & Spa. The transaction, valued between $100 million and $110 million, was finalized at the end of December. Blackstone purchased this stake from the Mumbai-based Ishaan Group. Currently, the 180-key property operates under a management contract with the Indian Hotels Company Ltd (IHCL), a Tata group company.
Udaipur has rapidly emerged as a premier destination for luxury tourism and high-profile weddings, making the Taj Aravali a strategic acquisition. The resort plans to add approximately 75 keys, enhancing its capacity and offering. Post-renovation, the property will be rebranded as Taj Exotica Resort & Spa Aravali, with the new rooms anticipated to be larger and more suite-oriented, aligning with the luxury segment's demand.
This investment underscores Blackstone's renewed focus on rebuilding its hospitality portfolio in India, with the firm actively seeking new acquisition opportunities. The Indian hospitality sector, especially its premium and luxury segments, is currently attracting substantial investor interest due to robust post-pandemic recovery, strong operational performance, and India's growing tourism market. This trend is further supported by aggressive supply expansion, with over 32,500 rooms signed by September 2025.
