BCM Group's Grand Entrance into Luxury Hospitality

BCM Group has taken a significant step into the luxury hospitality sector by acquiring The Golden Palms Resorts and Spa, a renowned 5-star hotel in Bengaluru. The deal involves purchasing 100% of the hotel's assets from World Resorts Limited (WRL), although the financial terms remain undisclosed.

The acquisition marks a strategic move for BCM Group, aiming to transform the resort into a premier destination for weddings and MICE (meetings, incentives, conferences, and exhibitions) events in India. This aligns with their broader strategy, which includes prestigious properties like the Sheraton Grand Palace in Indore, Le Meridien in Surat, and the upcoming Taj Hotel in Indore.

Rajesh Mehta, Managing Director of BCM Group, highlighted the resort's amenities and prime location in Bengaluru as key factors in meeting the growing demand for top-tier MICE venues. He emphasized that this acquisition supports India's goal of enhancing business and market engagement on a global scale.

In addition to this hospitality venture, BCM Group is keen on expanding its presence in South India, particularly in Bengaluru. Plans are underway to develop grade-A office and retail spaces, luxury residences, and advanced healthcare and educational facilities in the city.

With over five projects already completed or ongoing in Bengaluru and several more set to launch within the next year, BCM Group is poised to make a substantial impact on the region's development.

News by Rahul Yelligetti