Ventive Hospitality Ltd is an owner, developer and asset manager of luxury & business hotels and resortsBusiness Overview: VHL is a premier division of Panchshil Realty, a hospitality asset owner focusing on luxury offerings across business and leisure segments. All its hospitality assets are operated by or franchised from global...
Ventive Hospitality strengthens its leadership team as Mr. Percy P. Muncherji joins as Head – Design. This key Senior Management Personnel addition enhances the company's operational capabilities.
Ventive Hospitality has deferred the appointment of Mr. Percy P. Muncherji as Head – Design due to unforeseen reasons. The company is finalizing formalities for this senior management role.
Ventive Hospitality received requests from 11 promoter group entities to re-classify as 'Public'. These entities currently hold no company shares. Board consideration is underway. This move, if approved, could help broaden the public shareholder base.
Ventive Hospitality's subsidiary temporarily closed Aloft Whitefield Hotel for ~12 months. This strategic move is for comprehensive renovations to upgrade facilities and rebrand it to premium AC Hotels by Marriott standards. No material financial impact is expected.
Ventive Hospitality reported strong Q2 results: Revenue ₹554 Cr (+28% YoY), EBITDA ₹255 Cr (+50% YoY). The Board approved issuance of up to ₹750 Cr in NCDs. Strategic moves include acquiring a 76% stake in Hilton Goa Resort (₹9.5 Cr) and proposing a Soho House India acquisition.
