New Delhi, May 17 -- Real estate developer Sattva Group plans to expand its hospitality business amid rising travel demand and higher consumer spending on premium experiences.

The Bengaluru-based company, which has co-developed JW Marriott Hotel Kolkata and Novotel Kolkata Hotel and Residences, is building a wider hospitality pipeline spanning Bengaluru, Hyderabad, Visakhapatnam and Darjeeling.

"We will invest 10-20% of our turnover into the hotel business going forward," Adrija Agarwal, president of Sattva Group told Mint. "We see hospitality as a serious asset class for us now. For years, hospitality was seen as a 'white elephant' because hotels take time to build and stabilise. But the structural drivers today are very different."

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