Sterling Holidays Launches New Hotel in Gangtok, Expanding North East Portfolio
Sterling Holiday Resorts has launched Sterling Mount Olive Gangtok, a new city hotel in Gangtok, expanding its North East portfolio. This is Sterling's second property in Gangtok and fourth in the North-East. The hotel aims to cater to business and leisure travelers seeking central accessibility.
The launch of a new hotel property contributes to the company's portfolio expansion and revenue generation, but the direct financial impact is likely to be medium-term and dependent on occupancy rates and market response.
The launch of a new hotel property is a positive development for the company, indicating expansion and growth in its hospitality business.
Sterling Holiday Resorts, a wholly-owned subsidiary of Thomas Cook (India) Limited, has announced the launch of its new city hotel, Sterling Mount Olive Gangtok, located in the heart of Gangtok.
This marks Sterling's second property in Gangtok and fourth in the North-East region. The hotel is centrally located in the business and administrative hub, offering convenience for both business and leisure travelers, with proximity to commercial centers and the MG Marg shopping promenade.
Vikram Lalvani, Managing Director & CEO of Sterling Holiday Resorts, stated that the new property is designed for accessibility and caters to the demand for centrally located, high-quality accommodation in Gangtok. The hotel features thoughtfully designed rooms with private balconies, an all-day dining restaurant named Latitude 27 offering global and regional cuisine, and easy access to local attractions.
The launch reinforces Sterling's strategy of expanding its portfolio with experience-led properties, offering a mix of serene retreats and centrally located city hotels. Sterling Holiday Resorts currently has a portfolio across 58 unique destinations in India.
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