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Olive launches AI-native Open Hotels, eyes ₹200 cr revenue in FY26
Olive launches AI-native Open Hotels, eyes ₹200 cr revenue in FY26

Business Standard

time9 hours ago

  • Business
  • Business Standard

Olive launches AI-native Open Hotels, eyes ₹200 cr revenue in FY26

Bengaluru-based Embassy Group's hospitality arm, Olive, has launched Open Hotels, a fully remote-operated, AI-native hotel brand. The new sub-brand aims to integrate around 130 hotels and generate ₹200 crore in revenue within this financial year. Open claims to have replaced traditional front desks with live video reception, handled centrally. Operational staff remain onsite, but the overall staff-to-room ratio drops from 0.7 to 0.3—a 57 per cent efficiency gain. Commenting on the impact of artificial intelligence (AI) and technology in hospitality, Kahraman Yigit, chief executive officer and co-founder, Olive by Embassy, told Business Standard, 'Hospitality is all about the human touch. Technology is enhancing that by taking over the routine tasks, which frees us to focus more on our guests and the experiences we create for them. It's not replacing hospitality, it is elevating it. We also expect generative AI to play a role in this space.' The newly launched programme offers two types of models under its portfolio. First, the franchise model, where hotel owners manage their own staff while accessing Open's full tech stack. Second, owners can opt for Open to run operations via its remote AI command centre. In both cases, deployment is designed to be plug-and-play and capex-free. Yigit further said, 'We were the first to run hotel receptions through video conferencing. Once we layered in Voice AI and analytics, guest satisfaction and profit margins surged.' Currently, Olive's aggregator programme operates across 12 hotels in five locations—Bengaluru, Chikkamagaluru, Mysore, Hyderabad and Vijayawada. These projects are all brownfield developments. By 2030, the brand aims to be operational in 1,000 hotels across India. It also plans to expand globally in the near future. Open has filed a patent application with the United States Patent and Trademark Office for its Remote Hotel Management System. The brand noted that with 2.5 million existing hotel rooms, India is primed to support a one million-room hotel brand. Open aims to lead that charge—while exporting India's hospitality talent remotely.

Embassy Developments enters JDA for 17.9-acre land parcel in Bengaluru; to launch housing project
Embassy Developments enters JDA for 17.9-acre land parcel in Bengaluru; to launch housing project

Hindustan Times

time23-06-2025

  • Business
  • Hindustan Times

Embassy Developments enters JDA for 17.9-acre land parcel in Bengaluru; to launch housing project

Bengaluru-based Embassy Developments Ltd (EDL) has signed a Joint Development Agreement (JDA) for a 17.9-acre land parcel in Whitefield, Bengaluru, the company said on June 23. Bengaluru-based Embassy Developments Ltd (EDL) has signed a Joint Development Agreement (JDA) for a 17.9-acre land parcel in Whitefield. (Photo for representational purposes only)(Pixabay) The residential project, located off Whitefield Main Road, will span approximately 1.6 million sq ft of saleable area and is expected to include around 1,000 apartments in 2, 2.5, and 3 BHK configurations. The project has an estimated gross development value (GDV) of ₹1,600 crore, with a formal launch planned for FY2027. 'Whitefield continues to be a strategic focus for us. As a predominantly end-user-driven micro-market, it has shown greater resilience supported by sustained demand from Bengaluru's professional workforce and ongoing infrastructure growth,' Aditya Virwani, Managing Director of Embassy Developments Ltd, said. Also Read: Embassy Group's hospitality arm Olive planning to raise $20 million, onboard strategic investor Currently, the Embassy Group has a secured launch pipeline of 10 residential projects in FY2026 with an anticipated GDV of over ₹22,000 crore. 'This deal reinforces our commitment to building a robust future pipeline, and we are actively exploring new opportunities across key markets,' he said. Last year, the company signed a joint development agreement for 3.75 acres of land in Bengaluru's Whitefield area and will launch a premium residential project designed for millennials. The project, spanning 5.4 lakh square feet of saleable area, comprised approximately 400 apartments (including 2 BHK, 2.5 BHK, and 3 BHK units) in Whitefield.

Embassy Group Launches India's Only Integrated GCC Platform - ‘EMBARK'
Embassy Group Launches India's Only Integrated GCC Platform - ‘EMBARK'

Associated Press

time28-03-2025

  • Business
  • Associated Press

Embassy Group Launches India's Only Integrated GCC Platform - ‘EMBARK'

A Complete Solution for Establishing and Scaling Global Capability Centers in India BENGALURU, India, March 28, 2025 /PRNewswire/ -- Embassy Group, one of India's leading real estate and business ecosystem developers, today announced the launch of Embark, the country's first fully integrated platform designed to enable and accelerate the establishment of Global Capability Centers (GCCs). As a one-stop execution partner, Embark will provide a seamless, end-to-end solution to help global enterprises Design, Execute and Evolve their India GCCs with ease. India has established itself as the GCC Capital of the World, with over 1,700 GCCs and 400+ new entrants in the last five years. This dynamic landscape is driving high-impact strategic work and serving as a global integrated extension of corporate headquarters with more than 6,500 global roles based in India. Coupled with this, India offers the perfect foundation for GCCs to flourish—boasting the world's largest STEM talent pool, thriving tech and R&D ecosystem, cost advantages, and robust macroeconomic environment. However, setting up and integrating a world-class hub can be a complex process, requiring deep expertise across talent acquisition, organisational design and culture, real estate, compliance and operational excellence — a gap that Embark aims to bridge with a strategic, hands-on approach led by a team of practitioners. Jitu Virwani, Chairman & Managing Director, Embassy Group, said, 'With Embark, our goal is simple – to transform the GCC set up experience in India, by providing companies with a seamless, strategic as well as execution-focused platform that removes complexity and accelerates success. This new vertical is a natural extension of Embassy Group's legacy – we have been building and managing world-class workspaces for leading global companies for over 30 years. Now, with Embark, we go beyond infrastructure to deliver a fully integrated GCC platform, which will make the entry as well as evolution for global enterprises an effortless experience. This new venture is backed by a seasoned leadership team with end-to-end expertise to deliver tailor-made, high-impact GCC solutions.' EMBARK: A complete solution – from Concept to Impact, seamlessly executed As the only integrated platform of its kind, Embark provides a turnkey solution for establishing GCCs, offering: Strategy & Design – Vision alignment, Location strategy, Organizational design India Entry & Operations – Compliance (set-up, HR, legal, finance), Infrastructure (office space, facility & IT services), Accelerated hiring, Cultural integration as well as Workforce management Evolution for long-term success – Transformation advisory, Future-ready workforce, and Operational excellence Embassy Group has been a pioneer in Indian real estate, and real estate is an integral part of Embark's offering. Furthermore, Embark will leverage WeWork India Management Limited's ('WeWork India')' expertise to deliver high quality managed office solutions. With over three-decade-long experience in creating and managing premium business environments for Fortune 500 companies, global tech firms, and innovation-driven enterprises, Embassy Group provides the full ecosystem that global executives and teams need to thrive in India. Its diversified portfolio spans 54+ million square feet of commercial real estate, 45 million square feet of residential developments, co-working and managed office solutions, premium hospitality & co-living spaces, end-to-end facility management, and education —cementing its reputation as a real estate powerhouse. By leveraging its local expertise, industry partnerships, and deep insights, Embark aims to redefine the way global businesses enter and scale in India—creating a seamless, efficient, and highly successful GCC expansion journey. Media Contact: Sera Rishad Minocher | [email protected] About Embassy Group Embassy Group is a leading real estate developer. The over 75 million sq. ft. of commercial, residential, industrial and warehousing, hospitality, services, retail, and education spaces we have delivered and manage emphasise high standards of quality, world-class services, environmental management, and safety. Founded in 1993, our operations now span the Indian and international markets of Bengaluru, Chennai, Thiruvananthapuram, Mumbai, Pune, the NCR, Serbia, and more. Our 21 million sq. ft. of ready residential developments encompass branded residences, uber-luxury villas, exclusive villaments, sky condominiums, integrated developments, senior living, and contemporary homes. Embassy was a sponsor of India's first publicly listed and Asia Pacific's largest Real Estate Investment Trust (REIT). Further information is available at

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