LaRiSa Hotels & Resorts and AM Hotel Kollection have announced their merger to form a consolidated entity aimed at making significant advancements in the Indian hospitality industry. The combined operations now include 26 hotels with 950 keys, along with an additional six hotels with 120 keys in development, generating annual revenue exceeding Rs1bn ($11.51m).
The newly formed company retains the LaRiSa brand, merging the strengths of both entities, and is poised to drive growth while expanding its market reach. It is expected that the merger will result in a 20%-25% increase in revenue over the next few years. The primary focus will be on branded and co-branded ownership and management, positioning the company as a leading property manager and employer in the industry.
Priya Thakur, the owner and director of LaRiSa, and Randhir Narayan, the founder and CEO of AM Hotel Kollection, will jointly lead the merged company. This partnership unites LaRiSa’s owned properties with AM Hotel Kollection’s managed boutique hotels, creating a diverse portfolio of 32 properties.
The merger strengthens LaRiSa’s leadership in the hospitality sector by offering a more extensive range of culturally authentic and innovative experiences. The company’s mission is to become the best in independent and brand management while providing the most experiential hotel experiences for guests, employees, and the communities in which it operates.
As part of its expansion strategy, LaRiSa Hotels & Resorts plans to introduce a new mid-market brand with rooms priced between $50 to $100. The co-founders emphasise sustainable innovation, operational efficiency, and creating unique guest experiences as central to their vision.
Since the merger, the company has moved forward with plans to launch six new hotels with 120 keys and is exploring international management opportunities, particularly in regions with direct flight connections, marking the first phase of their global expansion.
Narayan expressed that the merger combines the best aspects of both organisations and will enhance owner value, offer employee advancement opportunities, and drive growth for the portfolio.
