
Savills India Acquires Majority Stake in Hotelivate to Enhance Hospitality Advisory Capabilities in Asia-Pacific
Savills Expands Hospitality Advisory Services in Asia-Pacific Region
The Indian unit of Savills Plc, a UK-based real estate advisor, has made a significant move to expand its hospitality advisory services across the Asia-Pacific region. The London-based company announced on Tuesday that it has acquired a majority interest in Hotelivate, a strategic move aimed at enhancing its capabilities in the region.
Savills Plc, a leading player in the global real estate market, has been actively expanding its presence in key markets. The acquisition of Hotelivate is a testament to the company's commitment to providing comprehensive hospitality advisory services to its clients. Hotelivate, with its extensive expertise in the hospitality industry, will complement Savills' existing capabilities, enabling the company to offer a broader range of services to its clients.
The acquisition is expected to bolster Savills' presence in the Asia-Pacific region, where the hospitality industry is witnessing significant growth. With Hotelivate on board, Savills will be well-positioned to capitalize on the region's expanding hotel market, providing its clients with expert advice on hotel development, operations, and management.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
| Company | Acquisition Status |
|---|---|
| Savills Plc | Acquired majority interest in Hotelivate |
| Hotelivate | Acquired by Savills Plc (majority interest) |
Investor Takeaway
This acquisition may enhance Savills India's hospitality advisory capabilities in the Asia-Pacific region.
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