Manglam Group has entered into a strategic partnership with Marriott International to develop a ₹350 crore Sheraton hotel in Jaipur. According to reports from Business Standard, the project will feature 220 keys and is being developed across more than 3 lakh sq ft on the Jaipur-Ajmer Highway. Under the agreement, all investment in the development will be made by Manglam, while Marriott will operate under a time-bound management contract. The development is being envisioned as a luxury-box hotel that combines premium accommodation with contemporary hospitality experiences.
This development is part of Manglam Group's ₹1,000 crore hospitality investment plan over the next five years. As reported by Business Standard, the deal marks the group's third collaboration with Marriott International. In December last year, the firm signed an agreement with Marriott to launch a 150-room Westin resort in Jaipur. Additionally, Manglam is developing a 200-key serviced apartment project under the Fern Habitat brand.
According to Amrita Gupta, director of Manglam Group and CEO of Manglam Spa and Resorts, as reported by Business Standard, Jaipur is no longer simply a place the world visits. "It is becoming the place the world chooses for its most important moments, from weddings to business," she stated. Gupta emphasized that the vision has always been to create hospitality that carries the soul of Rajasthan onto a global stage, with the Sheraton hotel sitting at the very heart of that ambition.
Manglam's real estate portfolio includes more than 125 completed projects totalling 62 million sq ft. As reported by Business Standard, the firm stated that "capitalising on this powerful real estate foundation, Manglam Group is aggressively expanding its horizon through marquee diversifications, placing a strategic emphasis on its rapidly growing hospitality vertical under Manglam Spa and Resorts, which manages premium destination-led experiences and entertainment ventures."
