Industry Veteran Brings Over 18 Years of Hospitality Experience to Lead Strategic Growth Initiatives
Mumbai, 18th March, 2024: Eco Hotels and Resorts Limited proudly announces the appointment of Mr. Akash Bhatia as Chief Executive Officer and Key Managerial Personnel under the ‘Companies Act, 2013,’ effective February 20, 2024. Mr. Bhatia brings over 18 years of illustrious experience in the hospitality industry to his new role.
With a diverse background that spans various important positions, Mr. Bhatia has cultivated a wealth of expertise in sales, Accommodation management, food and beverage operations, revenue and billing management, cost control exercises, financial planning, administrative controls, and ensuring guest satisfaction.
Throughout his distinguished career, Mr. Bhatia has been honored with accolades such as the ‘Best Youngest General Manager – FHRAI’ and has received the prestigious National Tourism Award for ‘Best Hotel’ in its category. Mr. Bhatia holds a Post Graduate Diploma (PGDMM) in Marketing Management and a bachelor’s degree in hospitality administration/management, further underlining his commitment to professional excellence and continuous learning.
Vinod K Tripathi, Executive Chairman of Eco Hotels and Resorts Limited, expressed his confidence in Mr. Bhatia’s appointment, stating, “We are delighted to welcome Akash Bhatia to our Eco Hotels family as our new Chief Executive Officer and Key Managerial Personnel. His extensive experience, proven track record, and passion for enhancing guest experiences align perfectly with our company’s vision for sustainable growth and exceptional hospitality.”
In his new role, Mr. Bhatia will be responsible for driving strategic initiatives, overseeing operations, and spearheading the company’s expansion plans. Mr. Bhatia’s innovative leadership demonstrated during his tenure as Vice President at Amritara Hotels & Resorts, as well as in his previous roles as Cluster General Manager at Ramee Hotels & Resorts in Bahrain and Regional General Manager at Lemon Tree Hotels, positions him to lead Eco Hotels to new heights of success.
Commenting on his appointment, Akash Bhatia expressed his eagerness for the opportunity, stating, “I am honored to join Eco Hotels and Resorts Limited as Chief Executive Officer. I am committed to utilizing my expertise and industry insights to further boost the company’s reputation for delivering exceptional guest experiences and driving positive growth.”
Looking ahead, Eco Hotels and Resorts Limited maintains loyalty in its vision to become a leader in the hospitality industry by the year 2025, with an objective of expanding its footprint and providing unparalleled value to its guests, investors, and partners.
About Eco Hotels and Resorts Limited:
Eco Hotels and Resorts Limited, formerly known as Sharad Fibres and Yarn Processors Limited, stands as a trailblazer in the realm of hospitality, committed to reshaping the landscape of premium and economy hotel brands. Focused on the BRICS and N11 economies, with a strategic emphasis on India, the company has made a resounding entry into the Indian market through its acquisition of Sharad Fibres and Yarn Processors Limited.
Guided by a visionary approach, Eco Hotels envisions creating an extensive network of sustainable and luxurious hotels under the esteemed brand name “The Eco.” At the heart of this vision lies the pioneering EBOT Franchise Programme, revolutionizing hotel investment with a meticulous ‘Enterprise’ and ‘Build’ phase solution. This innovative model, supported by advanced 3D volumetric construction technology, streamlines company formation, land acquisition, and due diligence for efficient and precise hotel development.
Looking forward, Eco Hotels aims to operate 5000 hotel rooms in India over the next five years, scaling up to 15,000 hotel rooms within the next fifteen years. The company has successfully developed two brands operating in Kerala, India, and identified prime properties in the Western Region, including Mumbai, Goa, and Pune, for immediate capital deployment and expansion of the operating inventory.
In the current Pre-IPO round, Eco Hotels seeks £5 million to elevate its operating inventory to approximately 400 rooms, marking Phase I of its expansion plan. Under the dynamic leadership of Executive Chairman, Mr. VK Tripathi, Eco Hotels invites media engagement to delve into their innovative vision for sustainable hospitality, offering a glimpse into the future of the hotel industry.
