Brigade Hotel Ventures Limited has informed the Exchange regarding a press release dated May 09, 2026, titled "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 Grand Mercure Mysuru property, a 146-key hotel that has become a cultural landmark blending French elegance with Karnataka's royal heritage. The company announced ambitious expansion plans including a ₹1,000 crore investment in Karnataka over the next five years and a broader 'Vision 2031' strategy to double its room inventory by adding 1,700 new keys backed by ₹3,600 crore capital investment. BHVL 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 hospitality sector in Mysuru is projected to grow at 8-10% CAGR.
The announcement signals strong operational performance with a decade of proven success in Mysuru, while the massive ₹3,600 crore expansion plan indicates aggressive growth ambitions that could drive future revenue growth and strengthen the company's market position in South India.