Brigade Hotel Ventures Limited has informed the Exchange regarding a press release dated August 13, 2025, titled "Brigade Hotel Ventures Limited signs multi-deal agreement with Marriott International to open six hotels in India".
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Brigade Hotel Ventures Limited (BHVL) has signed a multi-deal agreement with Marriott International to develop six new hotels adding around 940 rooms across four Indian markets. The hotels will operate under five Marriott Bonvoy brands: The Ritz-Carlton, JW Marriott, Marriott Hotels & Resorts, Courtyard by Marriott, and Fairfield by Marriott. The new properties will be located in Chennai, Bengaluru, Kerala (Vaikom Island), and Thiruvananthapuram, with openings staggered from FY2027 to FY2030. With this signing, BHVL's total partnership with Marriott grows to eight hotels with 1,388 keys, strengthening a nearly 15-year relationship. BHVL currently operates nine hotels with 1,604 keys under Marriott, Accor, and IHG brands, and is the second-largest owner of chain-affiliated hotels in South India.
This is a significant portfolio expansion that signals strong growth momentum and deepening ties with a global hospitality major, likely to be viewed positively by investors. The staggered openings between FY2027 and FY2030 mean revenue contribution will build gradually over multiple years.