Brigade Hotel Ventures Limited has informed the Exchange regarding a press release dated April 06, 2026, titled "Brigade Group and Hyatt Announce Plans for Grand Hyatt Chennai ECR and Hyatt House Bengaluru Devanahalli ".
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Brigade Hotel Ventures Limited announced two new hotel projects in partnership with Hyatt. The first is Grand Hyatt Chennai ECR, a beachfront hotel with approximately 200 guest rooms and five dining venues, planned to open in 2029. The second is Hyatt House Bengaluru Devanahalli, featuring 135 serviced apartments designed for extended stays, located near Kempegowda International Airport and opening in 2027. These are management agreements with Hyatt, a global hospitality brand. BHVL currently operates nine hotels with 1,604 keys across South India.
The announcement signals Brigade Group's expansion in the hospitality sector through global brand partnerships. While these are positive growth initiatives, the projects are not revenue-generating yet and won't impact near-term financials. Long-term, they could strengthen BHVL's market position in South India's hospitality segment.