Hotel Palacio has launched its second property in Guwahati at Paltan Bazar, taking its overall portfolio to three hotels, including one in Alipurduar. Alongside the launch, Palacio Hospitality announced a Rs 800 crore expansion plan to develop 10 properties over the next decade, with a primary focus on the Northeast region.
Located in Guwahati’s commercial and transit hub, the new property aims to cater to rising demand from business, transit and leisure travellers. The hotel features 83 rooms, more than 6,000 sq ft of indoor banquet space, a 7,000 sq ft rooftop venue, conference rooms and boardroom facilities.
Anup Poddar, Chairman, Poddar Group, said, “Hotel Palacio is a brand that has been built in Assam, and that is something we take great pride in.
Over the years, we have seen the Northeast evolve significantly — with rising aspirations, better connectivity, and increasing demand for quality hospitality experiences. Our focus has been to grow alongside this change in a thoughtful and consistent manner.”
Poddar added that expanding in Guwahati was a natural step for the company due to the city’s growing role in business and tourism.
Ankit Poddar, Managing Director & COO, Poddar Group, said, “Our ₹800 crore expansion roadmap reflects a long-term, disciplined approach to growth. While the Northeast continues to be our primary focus area, we are also open to opportunities across other parts of India where we see the right alignment.”
The property also includes Omara, a restaurant developed in collaboration with Vikey Ratnani, and a cocktail bar-cum listening room. |
