Sinclairs Hotels Limited (SHL) has acquired a majority stake in Savannah Hotels Private Limited that manages Savannah Sarovar Premiere outside Bangalore.

Savannah Sarovar Premiere is a 104-room four-star hotel. Two new directors from Sinclairs and three independent directors will join the board of Savannah Hotels.

Navin Suchanti, CEO and Managing Director, Sinclairs Hotels, said, "This new acquisition is in line with our strategy to achieve accelerated growth through acquisition of operating hotels. Our presence in Bangalore, will add tremendous value to the company."

Sinclairs operates five hotels and the company is implementing a greenfield expansion plan to add 160-keys at an investment of Rs. 80 crore. Suchanti said that the company is looking at some expansions in South India. SHL's properties are in Siliguri, Darjeeling, Dooars, (West Bengal), Port Blair and Ooty.

The company is soon opening three new hotels in Kalimpong, Bardhaman and Rajarhat. After the closing of the deal and competition of the development of projects the company will have a combined room capacity of more than
600 in different locations in the country.

The company is also planning to collaborate with a real estate company to develop top of the market residential condominiums and organised retail as part of its plan for a mixed use city centre in Siliguri. The company does not have any dept component even after the acquisition.