Spectrum Foods Ltd signs 90-Day Exclusive LOI with Minor Hotels to Bring India’s First AVANI+ Resort to Pushkar

Spectrum Foods Limited (BSE: 531982) is pleased to announce that it has entered into a 90-day exclusive Letter of Intent (LOI) with global hospitality operator Minor Hotels to negotiate and finalise a definitive Hotel Management Agreement (HMA) for the long-term operation of AVANI+ Pushkar Resort & Spa-set to become India’s first AVANI-branded property.

The LOI outlines Spectrum Foods’s flagship hospitality project: our 185-key luxury retreat comprising 42 contemporary rooms and 143 private villas on an 8-acre estate overlooking the sacred Aravalli Hills. A Phase I opening of 138 keys is targeted for August 2025, with the balance to follow in the six months ahead. During the 90-day exclusivity window, Spectrum and Minor Hotels will complete commercial negotiations and, subject to mutual approval, execute the HMA. Key features of the property include:

– 42 contemporary rooms + 143 private villas-every key oriented for sweeping Aravalli-range vistas or landscaped endemic greenery; selected villas include private plunge pools and walled courtyards.

– All-day curated restaurant with show-kitchen (regional + international classics)

– Artisanal bakery / café counter for grab-and-go pastries, coffees and light bites

– Poolside bar & grub offering signature cocktails and swim-up service

– Infinity-edge pool positioned toward the Aravallis, flanked by shaded cabanas and daybeds.

– AVANIFit Gym-functional-training zone, yoga platform and fitness programme.

– AVANISpa with award-winning therapies and programmes designed by experts.

– Flexible events hub-pillarless ballroom, landscaped lawns supporting weddings & MICE groups up to ~600 guests, state-of-the-art conferencing facilities for corporates.

– Kids Club & family zone-interactive play zone, sports equipment and daily activities.

Specifications reflect current parameters and may be fine-tuned during final completion.

Shares of SPECTRUM FOODS LTD. was last trading in BSE at Rs. 29.84 as compared to the previous close of Rs. 30.50. The total number of shares traded during the day was 89690 in over 169 trades.

The stock hit an intraday high of Rs. 31.88 and intraday low of 29.25. The net turnover during the day was Rs. 2678757.00.

Source : Equity Bulls

Keywords

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