Latest news with #AtmosphereCore
Time of India
3 days ago
- Business
- Time of India
Atmosphere Living Plans Expansion into Branded Serviced Residences, Says CEO Sandeep Ahuja, ET HospitalityWorld
Advt Advt By , ETHospitalityWorld Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETHospitalityWorld industry right on your smartphone! Download the ETHospitalityWorld App and get the Realtime updates and Save your favourite articles. 'We have already signed about 2,000 keys of serviced residences, serviced apartments and hotels which will be delivered over a period of three years,' said Sandeep Ahuja , global CEO of Atmosphere Living , a fairly new vertical of Atmosphere Core , a hardcore luxury hospitality company which operates ultra luxury resorts in Maldives, Sri Lanka and Living earlier this month had announced the partnership for a one million square feet premium residential and retail project with Manodev Realty across Dubai. Apart from that the company has projects signed for serviced apartments in key urban centres in India like Gurugram, Mumbai and Bengaluru; and a combination of branded serviced residences and hotels proposed in key leisure destinations in the country like Rishikesh, Puri, Mussoorie and Mashobra.'It's a western concept and a new asset class altogether in India. The market is just about to take off as affluent Indians are looking at a differentiator in traditional real estate investments,' Ahuja added that being a luxury hospitality player all along, the company thought of leveraging that positioning and creating a differentiated product in the residential real estate of branded residences with five-star services for the felt that affluent Indians were looking beyond just design and furniture and fixtures when they decide to invest in their first or second home, and service experience with a brand promise was something they are serious about.'We feel hospitality will become a very important part of the offering to that set of customers. That's why we call ourselves hospitality-backed real estate,' he said that they would be investing themselves as well as partnering with real estate developers in projects to manage hospitality places like Rishikesh, Mashobra, Puri and Mussoorie, the company would be investing in greenfield projects, while in other locations they would be partnering with real estate developers, he a buyer perspective, Ahuja said that there would be two models available—one was the sale and lease back model, where investors do not occupy the property and instead get a share of revenue from the rental and the other for self-consumption where the company would provide five-star hospitality said that most of the company's own projects were currently in different stages of design and project the concept was new, Ahuja said that it presented a lot of opportunities for affluent investors to be part of fractional ownership of hotels and large hospitality projects.'We are creating a new asset class and democratising the ownership of hotels. Instead of somebody who has a lot of money and owns the entire hotel, we are offering it to individuals who can afford to buy one unit out of say 200 units,' he asked about the returns for investors in such projects, Ahuja said that buyers could expect seven to eight percent return in the initial years and it could further climb up to 10 percent as asset evolves.'The base remains the same and over time it increases as the rental values and hospitality values increase. So, the buyers' returns keep increasing year on year. But in the base value, one can look at around 7-8 percent returns to start with,' he said that in Rishikesh, Mashobra, Mussoorie, which were high ARR markets as far as hospitality is concerned and therefore investors could expect higher returns on their investments from the very beginning of said that most of their projects were mix-use with components of a hotel and residential real estate, which would help them monetise the latter upfront to fund the hotel development at least asked about capital available and earmarked for the proposed projects, Ahuja said that the company had committed Rs 500 crores already and would look at raising more money as they sign up more projects.
Glasgow Times
6 days ago
- Business
- Glasgow Times
Maldives experience coming to Braehead Virgin Atlantic store
Virgin Atlantic Holidays has partnered with Atmosphere Core to bring immersive, in-store experiences to its shop inside Next at Braehead, offering customers a glimpse into nine different Maldivian island escapes. Running from June 16 to 30, the experience will showcase what's on offer across Atmosphere's three resort brands and will highlight the nuances of planning a holiday to the Maldives. Read more: Plans for new bike hub and toilet block at popular country park approved (Image: Supplied) (Image: Supplied) Marie Cassidy, store manager at Virgin Atlantic Holidays in Braehead, said: "When it comes to big ticket destinations like the Maldives, we know that many of our customers love to hear the advice of the experts. "Whether it's over water villas versus beach villas, or seaplane transfers versus boats, understanding the nuances of the Maldives can be key to making the right choice. "To assist guests when booking their Maldives escape, Virgin Atlantic Holidays is delighted to team up with Atmosphere to present examples of their guest experiences that are not to be missed." The themed in-store journey will introduce visitors to the refined luxury of The Ozen Collection, Atmosphere's flagship duo of islands, as well as the three five-star resorts under Atmosphere Hotels & Resorts, and the four Colours of Oblu properties. All resort experiences are complemented by the brand's award-winning ELE|NA spa and wellness concept. Read more: Paisley Sma' Shot Day 2025 programme announced - all you need to know (Image: Supplied) (Image: Supplied) Marie said: "With the widest variety of resorts to suit every budget thanks to their unique Holiday Plan all-inclusive concept, our retail teams are ready to welcome guests and share in-depth information that will turn your good holiday into an unforgettable great one." Stéphane Laguette, Atmosphere Core's chief commercial officer, said: "Once the destination of rich elites, sports celebrities, and Hollywood stars, this stunning island archipelago quite rightly deserves its crown as the world's number one choice for luxury escapes. "As the popularity of the Maldives continues to grow at pace with multigenerational appeal, at Atmosphere Core we have crafted our fully inclusive Holiday Plans to cater for all needs and budgets. "We encourage everyone interested in the Maldives to come and experience a moment of true Maldivian hospitality with our partners at Virgin Atlantic Holidays this June." Atmosphere Core's 'Holiday Plan' includes transfers, dining, beverages, excursions, spa treatments, and a full programme of activities, designed to offer guests an immersive Maldivian experience.
Trade Arabia
27-04-2025
- Business
- Trade Arabia
Atmosphere Core signs its first Nepal resort
Atmosphere Core has signed its first resort in Nepal, Aarunya Nature Resort by Atmosphere, located in the valleys of Banepa, just outside Kathmandu. The 25-acre resort, developed in partnership with Lost Horizon Jungle Resort Limited, will offer a slower, more soulful travel experience, surrounded by misty hills and sacred trails. The resort will feature 51 thoughtfully designed cottages and suites, each framing the Himalayan landscape through large windows and warm interiors. The resort will also feature a wellness sanctuary by Atmosphere Core's award-winning brand, ELE|NA, offering a blend of time-honoured therapies and modern wellness in a setting that embraces stillness and silence. Guests can explore a host of recreational experiences, including nature walks, cultural immersions, and family-friendly activities. An inviting swimming pool and dedicated kids' club will cater to every kind of traveler, from solitude seekers to families and groups. The resort will open in Q4 2025 and will bring the Atmosphere Hotels & Resorts brand's philosophy to life in one of South Asia's most wonder-filled landscapes. Elaborating on this strategic expansion, Salil Panigrahi, Group Managing Director Atmosphere Core, said 'Nepal is fast emerging as a key destination in South Asia's luxury hospitality landscape, and travellers are increasingly seeking immersive, offbeat destinations. With properties coming up in Maldives, India, and Sri Lanka, Aarunya Nature Resort is a natural next step. Our distinctive Holiday Plan concept opens up destinations once reserved for the global elite. It's about making these spaces more accessible without compromising on authenticity. Aarunya Nature Resort by Atmosphere is more than a resort, it's a way to truly experience Nepal, its stories, its rituals, its generous spirit'. Gyanendra Lal Pradhan, Chairman of Lost Horizon Jungle Resort Limited, echoed the sentiment, 'Partnering with Atmosphere Core is a natural fit. Their approach to hospitality is both grounded in global service standards and elevated by unique experiences – exactly what we envisioned for Aarunya. Surrounded by cultural treasures and iconic trails, like the path to the Thrangu Tashi Yangtse Monastery in Namobuddha, Banepa is emerging as a mindful luxury destination. It blends history, spirituality, and natural beauty in a way that few places can. We're proud to be shaping something special here, together'.
The Hindu
27-04-2025
- Business
- The Hindu
Maldives hospitality firm Atmosphere Core forays into India, to unveil all-women run hotel in Bhopal
Maldives based Atmosphere Core, a hotel management company has announced plans to expand in India and Indian ocean region by offering unique experiences and differentiated products to couples and guests said it's co founder & managing director Salil Panigrahi in an interview. An all-women managed hotel will be open in Bhopal soon for the company to commence its Indian operations, he said. 'We were the first one in Asia to operate the fast couples only all powered by women managed hotel in the Maldives which is a huge success. And we are trying to get that success story to India. We are opening a hotel in Bhopal, which will be managed by women only,' he said. The company which started in 2014 today offers 9% of the total hotel inventory in the Maldives, starting from four to five star luxury and uber luxury resort properties. Its brands include Colours of Oblu, The Ozen Collection and Atmosphere Hotels & Resorts. The company today operates 9 properties in Maldives. 'In India we have signed a couple of hotels. We should open 2 to 3 hotels in the next couple of years here. In the next 5 years, I would say that at least we will run 15 to 20 hotels and resorts in India,' he said. 'But in India, as we are more of an experiential hotel brand, we will be focusing less on the cities. We will be in holiday cities like Bengaluru, will focus more on leisure cities and scenic places, places with nature like we are in,' he pointed out. The company is looking at North, Northeast India for growth. One hotel is coming up in Kolkata and it is looking at Goa as well. 'Most of our hotels in India would be experiential hotels. Let's put this way more leisure, more experiential. We will not be doing business hotels,' he emphasised. He said the company is increasing its footprint in Middle East and Africa for wildlife nature. It has sighed one property in Italy which is an old monastery that has been converted into a heritage hotel. The company is looking at Nepal and Bhutan markets, he said. The company will soon have a portfolio of 12 to 13 hotels in the Maldives and will have one in Sri Lanka, Mr. Panigrahi said.
Trade Arabia
14-04-2025
- Business
- Trade Arabia
Agility fuels Atmosphere Core's bold journey forward
Atmosphere Core, a leading hospitality company in the Indian Ocean region, celebrated a milestone year in 2024, launching its ninth resort, RAAYA by Atmosphere, and achieving remarkable results despite geopolitical challenges. Chief Commercial Officer Stéphane Laguette attributes this success to agility. 'Agility at Atmosphere Core is a mindset. It enables us to adapt swiftly, anticipate guest preferences, and drive innovation even in complex market conditions,' said Laguette. 2024 Achievements A standout success was the rapid launch of RAAYA by Atmosphere, achieving rebranding, operational readiness, and market entry in just three months. 'Our boutique size, free from bureaucracy, gives us a competitive edge, allowing fast decision-making, seamless collaboration, and strong commercial execution. The successful delivery of this project was a result of quicker corporate decision-making, collaboration, a strong global PR and sales network, and our extensive distribution system,' he said.. Last year, the brand also saw strong performance in European markets, expanded its presence within Asia, and entered new markets such as Spain, reflecting the effectiveness of its adaptive commercial strategies. 'We also maintained a commitment to sustainability, a key decision-making factor for travellers. All our resorts are Green Globe Certified, with four earning 'Gold Member' status. Across eight resorts, over 8,900 solar panels reduce our carbon footprint, while coral conservation remains a priority, with 290 coral frames planted to date. Six of our nine resorts actively manage coral conservation programmes and as of 2024, we have over 290 coral frames planted across our resorts. A prime example is the thriving coral garden at OBLU SELECT Sangeli, nurtured since 2019 by our in-house marine biologist. And, we have many more initiatives planned for 2025,' he said. Travel Trends for 2025 Luxury travel is evolving. It is more about personalised, unique experiences rather than simply lavish accommodation, such as the innovative Atmosphere Core Wine Program, Laguette continued. 'Partnering with five terroir wineries, latest being global Prosecco icon Bottega SpA this year, we bring exclusive vintages and sommelier-led masterclasses to our resorts. For instance, guests at OZEN RESERVE BOLIFUSHI and OZEN LIFE MAADHOO can look forward to inspiring events with Bodegas Viñátigo and Guy Charbaut Champagne. We are also the only hotelier taking these experiences beyond our resorts, hosting immersive in-market wine dinners for travel partners at cities across the globe. 'The Maldives continues to emerge as a family-friendly destination, and our resorts cater to this demand with award-winning family facilities, kids' clubs, diverse dining, and curated Holiday Plans. Notably, Atmosphere Kanifushi has won several awards for family-friendly facilities and at OZEN LIFE MAADHOO families and couples can experience exceptional underwater gastronomy at M6m underwater restaurant,' he said. Plans for 2025: Expanding Horizons This year, the brand entered India's heritage hospitality space with Sadar Manzil Heritage by Atmosphere Bhopal, a meticulously restored 19th-century audience hall. Launched in March, this boutique luxury hotel, designed exclusively for couples, offers live music performances and an all-vegetarian menu celebrating the region's rich culinary traditions. 2025 also marks its first venture into Europe with Borgo Monchiero Heritage by Atmosphere in Piedmont, Italy. This carefully restored 18th-century monastery, dating back to 1773, offers an authentic experience of northern Italy's artistic and culinary heritage. 'Through our 'Heritage by Atmosphere' sub-brand under Atmosphere Hotels & Resorts, we seamlessly blend history, culture, and indulgence, delivering on our brand promise, A New Experience Awaits,' he said. 'Continuing our momentum in India, this year will see the grand opening of OZEN MANSION KOLKATA, featuring 235 opulent rooms, world-class wellness facilities, and expansive event spaces, as well as STILLWOOD RETREAT A SIGNATURE ATMOSPHERE COORG and OZEN VILLAS JAIPUR. As we forge ahead, agility remains at the core of our journey, ensuring we stay ahead of industry trends while continuing to craft unforgettable guest experiences,' Laguette concluded. - TradeArabia News Service
