Axis Ecorp plans to develop boutique hotels
One of the top real estate developers Axis Ecorp has planned to develop a portfolio of 10-12 boutique hotels at holiday destinations. The firm has entered the hospitality segment with Deefellows and the first property under the brand will be operational by April in Jim Corbett.
As per information, Deefellows had plans to expand across India and open premium resorts and luxury stays in all major holiday destinations, including Uttarakhand, Uttar Pradesh, Rajasthan, Himachal Pradesh, Kerala, and Goa. The company is eyeing operating resorts in 10-15 holiday locations with a revenue potential of over Rs 50 crore in the first year.
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