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Expanding its footprint in the hospitality sector of Assam, the ‘Palacio’ group has officially opened a re-branded hotel in Guwahati. This marks a significant step in the group’s journey to strengthen the state’s tourism and hospitality infrastructure.
The ‘Palacio’ group has announced a massive investment plan of ₹800 crore for the hospitality sector.
Over the next 10 years, the group aims to establish 10 new hotels across various locations.
The primary objective is to elevate the standard of hospitality in the region and cater to the growing demand from tourists and business travelers.
The management expressed their commitment to the development of Assam’s tourism industry. They noted that Guwahati is a central hub for the Northeast, and the new hotel will serve as a premier destination for visitors. The group is focused on providing world-class amenities while maintaining the essence of local culture and hospitality. This investment is expected to create numerous employment opportunities and boost the local economy.
The report mentions that this expansion aligns with the growing trend of high-end tourism in Assam. By introducing branded and well-equipped hotels, the ‘Palacio’ group aims to make Guwahati a more attractive destination for international and domestic guests. The move is also seen as a strategic step to support the government’s initiatives to promote tourism in the Northeast.
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