Talash Hotels Group, founded by Ravi and Sanjay Kathuria, built a portfolio of regional hotels across the Midlands and North West, often acquiring underperforming properties with potential for repositioning. At its peak, the group operated 13 sites, including several Mercure-branded hotels. In 2019, nine hotels were brought to market as the group shifted focus. Our coverage examines its acquisition strategy, divestment activity, and the broader implications for regional hotel ownership and turnaround investment in the UK.