<?xml version="1.0" encoding="UTF-8"?>
<!--OBM V1.0 (01-01-2026)-->
<xbrli:xbrl xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2024-05-31/in-capmkt" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Announcements_Pertaining_To_Outcome_Of_Board_Meeting/2024-05-31/in-capmkt/in-capmkt-ent" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-types="https://www.sebi.gov.in/xbrl/2024-05-31/in-capmkt-types" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.w3.org/1999/xlink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2024-05-31.xsd"/><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523127</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-06-15</xbrli:startDate><xbrli:endDate>2026-06-15</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523127</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-06-15</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="DividendD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523127</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-06-15</xbrli:startDate><xbrli:endDate>2026-06-15</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="DividendI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">523127</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-06-15</xbrli:instant></xbrli:period></xbrli:context><in-capmkt:NSESymbol contextRef="MainI">EIHAHOTELS</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">EIH Associated Hotels Ltd</in-capmkt:NameOfTheCompany><in-capmkt:TypeOfAnnouncementOfBoardMeeting contextRef="MainD">Update</in-capmkt:TypeOfAnnouncementOfBoardMeeting><in-capmkt:FirstEventOfBoardMeeting contextRef="MainD">Dividend</in-capmkt:FirstEventOfBoardMeeting><in-capmkt:DateOfInitialAnnouncement contextRef="MainI">2026-05-22</in-capmkt:DateOfInitialAnnouncement><in-capmkt:DateOfLatestAnnouncement contextRef="MainI">2026-06-15</in-capmkt:DateOfLatestAnnouncement><in-capmkt:RemarksForWebsiteDissemination contextRef="MainI"> In the Board Meeting held on 22nd May 2026, the Board proposed a dividend of Rs. 3.50. However, the record date and date of the Annual General Meeting (AGM) were not finalized at that meeting. Subsequently at another Board Meeting  held on 15th June 2026, the record date was finalized as 28th July 2026 and the AGM was scheduled for 4th August 2026.</in-capmkt:RemarksForWebsiteDissemination><in-capmkt:DateOfReport contextRef="MainI">2026-06-15</in-capmkt:DateOfReport><in-capmkt:WhetherPriorIntimationOfBoardMeetingConsideringInterimOrFinalDividendGivenToStockExchange contextRef="DividendI">true</in-capmkt:WhetherPriorIntimationOfBoardMeetingConsideringInterimOrFinalDividendGivenToStockExchange><in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingToConsiderDeclarationOfInterimOrRecommendationOfFinalDividend contextRef="DividendI">2026-05-14</in-capmkt:DateOfPriorIntimationSubmittedToStockExchangeOnBoardMeetingToConsiderDeclarationOfInterimOrRecommendationOfFinalDividend><in-capmkt:DateOfBoardMeetingConsideringDeclarationOfInterimOrRecommendationOfFinalDividend contextRef="DividendI">2026-05-22</in-capmkt:DateOfBoardMeetingConsideringDeclarationOfInterimOrRecommendationOfFinalDividend><in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfDividend contextRef="DividendD">11:00:00</in-capmkt:StartTimeOfBoardMeetingForAnnouncementOfDividend><in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfDividend contextRef="DividendD">16:20:00</in-capmkt:EndTimeOfBoardMeetingForAnnouncementOfDividend><in-capmkt:WhetherDeclarationOfInterimDividendOrRecommendationOfFinalDividendApprovedByTheBoard contextRef="DividendD">Yes</in-capmkt:WhetherDeclarationOfInterimDividendOrRecommendationOfFinalDividendApprovedByTheBoard><in-capmkt:FirstTypeOfDividend contextRef="DividendD">Final</in-capmkt:FirstTypeOfDividend><in-capmkt:RateOfFinalDividendRecommendedPerEquityShare contextRef="DividendI">3.5</in-capmkt:RateOfFinalDividendRecommendedPerEquityShare><in-capmkt:WhetherRecordDateOrBookClosureBeenFixedForFinalDividend contextRef="DividendI">true</in-capmkt:WhetherRecordDateOrBookClosureBeenFixedForFinalDividend><in-capmkt:RecordDateOrBookClosureDateForFinalDividend contextRef="DividendD">Record Date</in-capmkt:RecordDateOrBookClosureDateForFinalDividend><in-capmkt:RecordDateOfFinalDividend contextRef="DividendI">2026-07-28</in-capmkt:RecordDateOfFinalDividend><in-capmkt:WhetherDateOfGeneralMeetingIsFixedForThePurposeOfFinalDividend contextRef="DividendI">true</in-capmkt:WhetherDateOfGeneralMeetingIsFixedForThePurposeOfFinalDividend><in-capmkt:DateOfGeneralMeetingForFinalDividend contextRef="DividendI">2026-08-04</in-capmkt:DateOfGeneralMeetingForFinalDividend><in-capmkt:ProposedDateWithinWhichPaymentOfFinalDividendShallBeMadeByTheCompanyForWhichGeneralMeetingDateHasBeenFixed contextRef="DividendI">2026-08-31</in-capmkt:ProposedDateWithinWhichPaymentOfFinalDividendShallBeMadeByTheCompanyForWhichGeneralMeetingDateHasBeenFixed><in-capmkt:PeriodForWhichFinalDividendIsDeclared contextRef="DividendI">2025-2026</in-capmkt:PeriodForWhichFinalDividendIsDeclared><in-capmkt:RemarksForWebsiteDisseminationForDividendEvent contextRef="DividendI">In the Board Meeting held on 22nd May 2026, the Board proposed a dividend of Rs. 3.50. However, the record date and date of the Annual General Meeting (AGM) were not finalized at that meeting. Subsequently at another Board Meeting held on 15th June 2026, the record date was finalized as 28th July 2026 and the AGM was scheduled for 4th August 2026.</in-capmkt:RemarksForWebsiteDisseminationForDividendEvent></xbrli:xbrl>
