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Spectrum Foods signs non-binding LoI with Intercontinental Hotels Group

22 Oct 2024 Evaluate

Spectrum Foods has signed a non-binding Letter of Intent (LoI) with Intercontinental Hotels Group, IHG, a leading British Hospitality MNC, for the management and branding of Company’s upcoming 5-star Pushkar hotel under the upscale ‘voco’ brand. 

The proposed property will be launched by June 2025. Resort Size is 185 Rooms (138 Keys Phase I + 47 Keys Phase II). 

Spectrum Foods provides import and export services. The company was formerly known as Spectrum Leasing and Finance and is based in Jaipur, India.

Peers
Company Name CMP
Nestle India 1303.80
Varun Beverages 424.30
Britannia Industries 4794.85
LT Foods 398.40
Hatsun Agro Product 1115.40
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