Kahraman Yigit, CEO and Co-founder of Olive by Embassy, outlines plans for 40 plus hotels and over 1,200 keys in Pune by 2030 as the Embassy Group hospitality brand enters the city with two new properties
Olive by Embassy, the technology-led hospitality brand backed by Embassy Group, has entered the Pune market with the launch of two properties, Olive Hotel Baner and Olive Hotel Wakad. Together, the two hotels add 78 keys to the brand’s growing portfolio and mark a significant step in its metro-led expansion strategy across India.
Pune’s emergence as a major IT and enterprise hub, supported by rapid infrastructure development and sustained corporate travel demand, has positioned the city as a key market for Olive’s smart and efficient hospitality model. The new properties are located in Baner and Wakad, two business-lifestyle micro-markets closely linked to the city’s IT corridors and commercial clusters.
Quotes and details
Commenting on the expansion, Kahraman Yigit, CEO and Co-founder of Olive by Embassy, said Pune represents a strong convergence of innovation, enterprise and professional mobility, driving demand for accommodation that is efficient, well-connected and technology-enabled. He added that the launches in Baner and Wakad strengthen Olive’s metro presence while aligning the brand for the city’s next phase of growth.
Olive Hotel Baner has been developed in one of Pune’s established commercial and residential districts, offering proximity to corporate offices as well as social and lifestyle infrastructure. Olive Hotel Wakad is positioned to serve professionals commuting to the Hinjewadi IT hub and caters to longer business stays, with direct access to key business parks and the Mumbai–Pune Expressway.
The Pune debut forms part of Olive by Embassy’s broader west India growth plan. The brand is targeting more than 40 hotels and over 1,200 keys in Pune by 2030, with future locations planned across Hinjewadi, Pimpri Chinchwad, Hadapsar, Kalyani Nagar, MG Road, Viman Nagar and Koregaon Park.
At a national level, Olive by Embassy is aiming to add over 100 new locations in 2026, building on its existing presence in Bengaluru, Mysore, Chikmagalur and Vijayawada, alongside its new Pune footprint. Recent developments for the brand include the launch of Open Hotels, positioned as a remote AI-operated hospitality concept, and a partnership with Hilton to roll out 150 Spark hotels in India. With the Pune entry, Olive continues to scale its tech-driven hospitality model across high-growth metro markets.
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