New Delhi, Oct. 12 -- Gurugram-based Encalm Hospitality is looking to develop large premium hotels in metros and motels along highways as it expands beyond airport lounges, targeting a Rs.5,000-crore business over the next five years.

Initially, it plans to acquire land for large five-star hotels in metros such as Delhi and Chennai, group chief executive Vikas Sharma told Mint in an exclusive interview.

"We want to become a Rs.5,000 crore company and we want to spend the next two years consolidating our existing businesses, making them more efficient, and then increase revenue from there," Sharma said.

Founded in 2021, Encalm began operations the following year. Backed by Singapore-based private equity investor Gateway Partners, it rep...