TAJGVK Hotels Acquires Majority Control of Taj Santacruz for ₹16 Crore

TAJGVK Hotels Secures Majority Stake in Taj Santacruz

TAJGVK Hotels & Resorts Limited has acquired majority control of Taj Santacruz, a prominent luxury hotel in Mumbai, through an investment of ₹16 crore. The move marks a strategic expansion of the company’s hospitality portfolio in one of India’s most competitive hotel markets.

Strengthening Presence in Mumbai

Located near Mumbai’s international airport, Taj Santacruz is a key business and leisure hotel catering to corporate travellers, airline crew and upscale guests. The acquisition strengthens TAJGVK’s footprint in Mumbai, a critical gateway city for domestic and international travel.

Strategic Growth Through Ownership

By increasing its ownership stake, TAJGVK aims to gain greater operational control and unlock long‑term value from the asset. The deal aligns with the company’s broader strategy of consolidating high‑performing hotel assets in prime urban locations.

Positive Signal for Indian Hospitality

The transaction reflects renewed confidence in India’s hospitality sector, supported by rising travel demand, improving occupancy levels and strong performance from premium hotels in metro cities.

Conclusion

TAJGVK Hotels’ acquisition of majority control in Taj Santacruz underscores its commitment to growth through strategic investments, while reinforcing Mumbai’s importance as a cornerstone of India’s luxury hotel market.