Brigade Hotel Venture Limited''s (BHVL) Grand Mercure Celebrates 10 years of Operations in Mysuru
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Brigade Hotel Ventures Limited (BHVL) celebrated the 10th anniversary of its flagship Grand Mercure Mysuru property, a 146-key hotel that has been operational since 2016. The hotel has established itself as a cultural landmark blending French elegance with Karnataka's royal heritage, particularly during Dasara festivities. BHVL announced plans to invest ₹1,000 crore in Karnataka over the next five years, focusing on new projects and modernization. Under its 'Vision 2031' strategy, BHVL aims to double its room inventory by adding approximately 1,700 new keys with a total capital investment of ₹3,600 crore. The company currently operates 9 hotels with 1,604 keys across South India and is the second largest owner of chain-affiliated hotels in the region.
The announcement signals strong growth ambitions with significant capital deployment plans. The proven success of the Mysuru property over a decade provides operational confidence, and the expansion roadmap could be positive for long-term shareholders seeking exposure to South India's hospitality sector.