Olive Hospitality Opens 61-Key Hotel in Hyderabad’s IT Hub
Hyderabad, Aug. 7 (TNT): Olive Hospitality, the hospitality platform of the Embassy Group, on Friday expanded its presence in Telangana with the launch of a 61-key Olive Hotel in Hyderabad’s Hi-Tech City, targeting the growing demand from corporate and business travellers.
The new property which is strategically located close to HITEC City, Madhapur, Gachibowli and the Financial District, is in proximity to the campuses of leading technology companies, including Google, Microsoft, Amazon, Infosys and TCS.
Announcing the launch, Olive Hospitality Co-founder and CEO Kahraman Yigit said Hyderabad continues to be one of India’s fastest-growing technology and business centres, making it a key market for the company’s expansion plans.
He said the company remains focused on developing professionally managed hotels in business destinations with sustained corporate demand while creating long-term value for guests and property owners.
The launch follows the company’s recent expansion with four new hotels across Hyderabad, Bengaluru, Visakhapatnam and Gurugram, taking its operational portfolio to 67 hotels.
Olive Hospitality said it currently has 142 signed properties comprising 5,516 keys across 24 cities, including 67 operational hotels with 2,599 keys, reflecting its continued expansion through an asset-light, multi-brand strategy.
Launched in 2019, Olive Hospitality operates hospitality brands including Olive Hotel, Spark by Hilton and Open Hotels, catering primarily to the premium economy segment.
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