Isprava's new venture Lohono Stays marks a foray into the holiday home rentals space
Isprava, India’s leading luxury home developer, currently builds homes in Goa, Coonoor and Alibaug and has scaled up its operations into the holiday home rental space, by launching Lohono Stays.
Lohono Stays by Isprava, intends to add a new range of stunning holiday homes to its portfolio.
Alongside renting Isprava-built homes, Lohono Stays enters into contractual deals with independent owners and developers of ultra-luxury homes in India and South East Asia. Lohono Stays has also closed its first round of funding led by the Godrej family office and Anand Piramal, raising INR 15 crore.
The company is launching with over 250 homes in Goa, Alibaug, Lonavala, Khandala and Coonoor in India and Phuket, Bali and Koh Samui in Asia.
Lohono Stays by Isprava, will focus on offering the most unique, local and curated hospitality experiences to its customers, while they are on vacation by not only delivering a beautiful home in a stunning location but also managing the entire stay with the help of their well trained and widely connected teams.
Speaking on the development, Nibhrant Shah, Founder & CEO, Isprava and Lohono Stays said, “We see tremendous scope in India. Moreso due to a gap in the market."
"Hundreds of thousands of travellers today are looking for an experiential stay, a holiday escape which is locally curated, close to all the social infrastructure and yet private and exclusive."
"We have noticed a lot of brands that aim to offer this, are either a hit or miss, are not consistent or are simply not offering the kind of bespoke luxury consumers have come to expect."
"It is our goal to bridge this gap with Lohono Stays. We have properties in some of the most beautiful and sought after travel destinations that offer homes that feel like your own, but with all the amenities of a luxury holiday.”
The word ‘Lohono’ is derived from the Hawaiian word ‘Lono’ associated with relaxation, music and peace.
Lohono Stays will offer discerning travellers a new way to experience holidays with a holistic approach that takes care of everything from the moment you book a home till the last goodbye.
Isprava specialises in the design and construction of sophisticated luxury holiday homes for discerning individuals in Goa and the Nilgiris.
A typical Isprava home is designed by leading international designers, fully furnished with antique furniture, and is maintained by a property management team.
Additionally, the group also offers rental management as an optional service. As a company, Isprava has been invested in by Godrej Industries Ltd and the Piramal family.
Isprava buyers include the founders / promoters of Infosys and SpiceJet, celebrities and famous sports personalities, among others.