What is Blackstone's latest investment in India's hospitality sector?

Blackstone recently acquired a 50% stake in Udaipur's Taj Aravali Resort & Spa for $100-110 million.

Which luxury hotel is Blackstone acquiring a stake in?

Blackstone is acquiring a stake in the Taj Aravali Resort & Spa in Udaipur, which will be upgraded and rebranded.

How much did Blackstone pay for its stake in Taj Aravali?

Blackstone paid between $100 million and $110 million for its 50% stake in the resort.

Home / Business and Economy / Blackstone Buys Taj Aravali Stake for $100M+

Blackstone Buys Taj Aravali Stake for $100M+

9 Jan

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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.

Blackstone Buys Taj Aravali Stake for $100M+

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.