Hilton’s
strategic licensing agreement with Olive by Embassy is part of a plan to
open 150 hotels in India and rapidly accelerate the company’s growth in South
Asia.
BENGALURU,
India — Hilton is growing its footprint in India and introducing its Spark by
Hilton brand to Asia Pacific by signing a strategic licensing agreement with
Bengaluru, India-based Olive by Embassy to open 150 of the premium economy hotels across India.
The first
Spark by Hilton hotels will open in Southern India with a focus on Maharashtra,
Andhra Pradesh, Telangana, Goa, Karnataka and Tamil Nadu. Hilton said the
agreement happened because of the company’s long-standing partnership with The
Embassy Group, the parent company of Olive by Embassy and one of the largest
real estate developers in India. Embassy owns the Hilton Bengaluru Embassy
Manyata Business Park and Hilton Garden Inn Bengaluru Embassy Manyata Business
Park in India.
“This
landmark signing with Olive by Embassy underscores Hilton’s bold ambition in
and long-term commitment to South Asia,” said Alan Watts, president of Asia
Pacific at Hilton. “Spark by Hilton will address a gap in the Indian market…
Not only will this partnership set the stage for record-breaking growth, but it
also positions Hilton to achieve a commanding presence in one of the world’s
largest lodging markets.”
Hilton
launched the conversion-friendly Spark brand in 2023 and has more than 100 hotels at various stages of development worldwide. The brand started
in the U.S. and has now had international debuts in Canada and the U.K.
“Today’s
agreement marks an important step forward in our partnership with Hilton,” said
Jitu Virwani, chairman and managing director of The Embassy Group. “Spark by
Hilton is the ideal brand to capitalize on the country’s growing middle class,
its infrastructure investment push, and its burgeoning hospitality sector. With
Embassy’s deep understanding of the market and our franchise partners’ local
expertise, we believe this is the beginning of an exciting journey to redefine
the premium economy segment.”
Hilton said
as travel demand surges and the middle-class segment in India rises, it plans
to scale its select-service brands.
“We are
committed to expanding our presence in South Asia,” said Kevin Jacobs, CFO and
president of Global Development at Hilton. “Rapid middle-class formation
continues to take place across this dynamic region, where we see tremendous
long-term growth prospects for Hilton.”
Hilton has
been expanding in India and has had recent signings across its luxury,
full-service, and select-service segments with notable signings including the
introduction of the Curio Collection in Bengaluru, Jaipur’s first Conrad and
the entry of the Hilton flagship brand into Udaipur and Lucknow. The company
said the Waldorf Astoria opening in Jaipur, which is scheduled to open by 2027,
reinforces its commitment to growth in Tier II and III cities in India.
“We
are seeing a huge demand in the country for premium economy accommodation and
reliable quality stay experiences,” said Kahraman Yigit, co-founder and CEO at
Olive by Embassy. “This gap is currently unmet. With no other product quite
like it in the premium economy segment, Spark by Hilton is a much-needed,
consistent brand that will provide an impetus for the overall market to grow.
We believe that this disruptive offering is the right one for investors,
developers, and owners looking to maximize their returns.”