The company manages and franchises over 72 operational hotels in 48 destinations in India and overseas.
Sarovar Hotels & Resorts Executive Director Ajay K Bakaya said: "We are focussing on our expansion plans and the signing of these two properties will boost the company's strategic efforts to expand our brands even further across the region."
The group has signed an 81 room property at Kapashera in New Delhi and a 43 room hotel at Palampur in Himachal Pradesh.
Both the hotels are expected to be operational by July, it added.