Motilal Oswal has given Indian Hotels a BUY rating with a target price of INR 880. The company has shown significant growth in the Indian hospitality sector, particularly from FY17 to FY24, with a financial turnaround and strategic expansions.

Indian Hotels recently unveiled its ambitious roadmap, "ACCELERATE 2030," aiming to become the leading hospitality brand in South Asia. The company plans to expand its portfolio to 700 hotels, double its consolidated revenues to INR 150 billion, and generate over 25% of revenues from innovative ventures such as Ginger, Qmin, and TajSATS. Traditional businesses, which currently make up 75% of revenues, are expected to grow through enhanced RevPAR leadership and asset management, with management fees projected to exceed INR 10 billion.

New ventures are expected to grow at a CAGR of over 30%, supporting high margins and a return on capital employed (RoCE) of over 20%. Motilal Oswal has maintained its FY26 EBITDA estimates while increasing FY27 estimates by 8%, reflecting healthy average room rate growth and a strong hotel pipeline. The outlook remains positive, supported by strong operational performance, portfolio diversification, and a commitment to sustainability, positioning Indian Hotels to achieve its ambitious goals by 2030.