| Hospitality - Mid-scale Hotels | Hotel accommodation and related guest services in upper-mid, mid-priced, and economy segments. | Strong regional presence with asset-light model, franchise alliances with reputed hotel brands, and experienced management. | Primarily B2C leisure and business travelers across regional cities in India. | Franchise-operated properties and owned hotels in prime locations. | 73 | 100 | Room rentals, food and beverage sales, and ancillary services. | Room-based pricing, seasonal rates, and franchise fees from partners. | Expansion of hotel rooms, improved occupancy rates, franchise partnerships, and brand development. | Grand Continent, Regenta Inn, Golden Tulip |