Nearly 25 hotels in India changed hands in multi-million dollar deals in 2024, according to real estate firm JLL. These transactions primarily involved operational properties located in both business and leisure destinations, with a focus on Tier-2 and Tier-3 cities.
JLL reports that this high volume of deals signals strong recovery and expanding footprint for the hospitality sector across the Indian subcontinent.
“There is capital available for hotel investments. The yields are very attractive compared to previous years,” said Jaideep Dang, managing director of the Hotels and Hospitality Group at JLL.
“Most of the transactions occurred in the 3-star and 4-star segments,” Dang told Skift. Only a small number of deals involved 5-star and luxury properties.