Blackstone Eyes Hospitality Acquisitions with Chennai Hilton, Bengaluru Marriott in Focus

Global asset manager Blackstone is actively exploring acquisitions in India’s hospitality sector, targeting high-profile properties like the Chennai Hilton and an under-construction Marriott hotel near Bengaluru Airport. Each property’s acquisition value is expected between Rs 300-400 crore. Blackstone currently manages 11 hotel assets under brands like Marriott, Hilton, Minor, and Atmosphere, reflecting a growing portfolio in luxury and premium hospitality.

The Hilton Chennai, a 204-room hotel owned by the Empee Group, is strategically located near Chennai Airport, making it a significant asset in Blackstone’s prospective acquisition list. Additionally, a 217-room Marriott hotel under construction near Bengaluru Airport is attracting Blackstone’s interest. Built by Twenty Fourteen Hotels India, a Lulu Group entity, the property has a 20-year management agreement with Marriott, ensuring long-term operational stability. The Marriott hotel is valued around Rs 400 crore and has been put up for sale, aligning with Blackstone’s expansion strategy.

These acquisitions reflect Blackstone’s focus on high-potential assets in India’s hospitality sector, bolstering its presence in key metropolitan areas. This strategic move could enhance Blackstone’s portfolio strength while reinforcing its partnerships with leading global hospitality brands.