Hotel chains pour ₹2,000-3,000 cr into marquee makeovers to defend pricing power
IHCL, EIH, Lemon Tree and Leela are ramping FY27 renovation capex on flagship properties to protect room rates and yields. IHCL plans ₹2,500 cr over three years; EIH ₹600-700 cr in FY26; Leela targets 25% yield on cost with 4,000 of 5,000 rooms refurbished.
Indian hotel chains EIH, IHCL, Lemon Tree and Leela are ramping renovation capex on marquee properties to protect pricing power and yields, with combined FY27 refurbishment spend estimated at ₹2,000-3,000 crore.