Airport lounge services firm Encalm enters hotel business
Hyderabad airport. It will also start work on developing a 2.13-acre land parcel at Goa’s Manohar International (MOPA) Airport. In July, Mint first reported that the MOPA Airport developer had signed agreements to build two hotels on a land earmarked in North Goa.
IHCL-owned Ginger or Taj Property will be developing the second hotel, said people in the know. Encalm Hospitality, incorporated in October 2021, started operating airport lounges in January 2022, besides offering meet and greet services at airports. The firm seeks to operate 21 lounges and 3 hotels by 2025.
To expand its presence, the company may restructure and raise institutional capital. Its expansion plan is in line with Jyotiraditya Scindia’s 2022 announcement on how the civil aviation ministry was planning to increase the number of airports from 140 to 220 by 2025. “We were allotted the land at Goa airport and it is likely to be a 220-plus room, 4-star-plus hotel.
However, we have not finalized the operator yet. Initially, it will be a mixed model of ownership and management. But we are sure that we will be building hotels that are profitable from the beginning," Vikas Sharma, the company’s chief executive, said.
The firm operates three brands: Encalm Lounge in Delhi, Hyderabad, and Goa; spa and meet-and-greet services in Delhi (it was earlier run by Plaza Premium Lounge, the international firm that exited India); and the pay-and-use premium business-class traveller lounge at the international airport in Delhi. In April, it extended its operations to the Goa airport. It is now actively pursuing international expansion.
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