New Delhi, March 9 -- Bengaluru-based Tamara Hospitality is set to double its footprint over the next three to five years, investing Rs.480-540 crore across eight new hotel and resort projects as it expands both owned and asset-light operations.

The company will add about 600 rooms to its existing portfolio of 1,000-odd keys, Samir MC, chief executive officer (CEO) of Tamara Leisure Experiences, told Mint.

Alongside owned developments, Tamara plans to expand by managing and franchising hotels through an asset-light model that enables pan-India expansion with lower capital investment and risk.

This comes at a time when many Indian hotel ownership companies have been moving towards an asset-light or asset-right strategy over the last dec...