Brigade Group announces Rs 3,600 crore expansion to add nine new hotels by FY30

Brigade Hotel Ventures Ltd (BHVL), the hospitality arm of Brigade Group, has unveiled a major investment plan worth Rs 3,600 crore to strengthen its presence in the Indian hospitality sector. The company plans to add nine new hotels by FY30, expanding its total portfolio to 18 properties with nearly 3,300 keys. This move underlines Brigade’s long-term commitment to India’s rapidly growing hospitality and tourism market.

According to the company, around 450 keys are expected to become operational by FY27, marking a significant step in Brigade’s phased growth strategy. The new projects will be developed across key business and leisure destinations, aligning with the group’s vision to cater to both premium and mid-segment travellers.

Bengaluru, where the group already has a strong footprint, continues to lead the performance charts with a notable 19 percent increase in Average Room Rates (ARR). This steady rise reflects the city’s robust demand driven by corporate travel, IT growth, and the MICE (Meetings, Incentives, Conferences, and Exhibitions) segment. Meanwhile, the recently launched ibis Mysuru, operational since the third quarter of FY25, has reported a healthy 61.4 percent occupancy rate, showcasing the rising potential of Tier-II cities in South India’s hospitality map.

Brigade’s hospitality division operates under partnerships with leading global hotel brands, including Marriott, Accor, and IHG. The upcoming properties are expected to enhance its brand portfolio and create additional employment opportunities within the sector.

Industry experts note that this expansion comes at a time when India’s hospitality market is witnessing a post-pandemic rebound, supported by growing domestic travel, improved connectivity, and rising disposable incomes. With Bengaluru, Chennai, and Mysuru emerging as key growth hubs, Brigade’s move strategically positions it to capitalize on future opportunities.

The Rs 3,600 crore expansion reflects Brigade’s broader vision of sustainable urban development while contributing to India’s tourism infrastructure and economic growth.