"BCM Group Acquires Golden Palms Resorts and Spa in Bengaluru, Enters Luxury Hospitality Sector"

BCM Group has acquired The Golden Palms Resorts and Spa, a prominent 5-star hotel in Bengaluru, as part of its strategy to enter the luxury hospitality sector in India. The company has purchased 100% of the hotel’s assets from World Resorts Limited (WRL). Financial terms of the deal have not been disclosed.

The acquisition will see the luxury hotel transformed into a premier venue for weddings and a facility for meetings, incentives, conferences, and exhibitions (MICE) in India. This move aligns with BCM Group’s broader strategy, which includes other high-profile properties such as the Sheraton Grand Palace in Indore, Le Meridien in Surat, and the upcoming Taj Hotel in Indore.

Rajesh Mehta, Managing Director of BCM Group, remarked, “The resort’s amenities and its strategic location in Bengaluru will meet the rising demand for high-quality MICE venues. This acquisition supports India’s ambition to enhance its business and market engagement as it aims to become a global economic powerhouse.”

In addition to the hospitality acquisition, BCM Group is focusing on expanding its footprint in South India, particularly in Bengaluru. The conglomerate plans to develop grade-A office and retail spaces, luxury residences, high-end hospitality properties, and advanced healthcare and educational facilities in the city. Currently, BCM Group has more than five completed and ongoing projects in Bengaluru, with several more scheduled to launch over the next 12 months.

HBL