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Spectrum Foods signs 90-day exclusive LoI with Minor Hotels
Apr-24-2025

Spectrum Foods has entered into a 90-day exclusive Letter of Intent (LoI) with global hospitality operator Minor Hotels to negotiate and finalise a definitive Hotel Management Agreement (HMA) for the long-term operation of AVANI+ Pushkar Resort & Spa - set to become India’s first AVANI-branded property.

Spectrum Foods' flagship hospitality project is a 185-key luxury retreat comprising 42 contemporary rooms and 143 private villas on an 8-acre estate overlooking the sacred Aravalli Hills. A Phase I opening of 138 keys is targeted for August 2025, with the balance to follow in the six months ahead. During the 90-day exclusivity window, the company and Minor Hotels will complete commercial negotiations and, subject to mutual approval, execute the HMA.

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

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