Brigade Hotel Ventures Limited
Brigade Hotel Ventures Limited, based in South India, is a prominent hotel developer and the second-largest owner of chain-affiliated hotels among major private asset owners, managing properties with over 500 rooms.
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Brigade Hotel Ventures Limited (BHVL) appointed Vinay Gupta as CEO. Gupta, with deep hospitality experience from InterGlobe, Accor, and SAMHI, will lead BHVL's expansion. This strategic move aims to accelerate growth and enhance hospitality offerings.
Brigade Hotel Ventures' PAT surged 140% to ₹17 Cr for the quarter, with revenue up 5% to ₹131 Cr. Operating EBITDA grew 9% to ₹46 Cr. RevPAR rose 9% YoY, driven by Bengaluru's strong performance. Company plans to double keys and expand its hotel portfolio.
Brigade Hotel Ventures Limited has scheduled its Tenth Annual General Meeting, to be held via video conference. The Annual Report for FY 2025-26 and AGM notice are available online for shareholders.
BHVL's Grand Mercure Mysuru celebrates 10 years. Company plans ₹1,000 Cr investment in Karnataka over five years for new projects. Vision 2031 targets adding 1,700 new keys with ₹3,600 Cr capital investment, signaling significant hospitality expansion.
Brigade Hotel Ventures (BHVL) and Marriott International opened Courtyard by Marriott Kochi Infopark, a 218-room hotel. This strategic upgrade rebranded the former Four Points by Sheraton, strengthening BHVL's hospitality portfolio in a key IT corridor.