Brigade Hotel Ventures (BHVL), the hospitality division of Brigade Group has outlined an investment plan of Rs 3,600 crore to add nine new hotels.
The plan involves expanding the company's portfolio to 18 hotels (approx. 3,300 keys) by FY30, with 450 keys expected to become operational in FY27.
Bengaluru remains the top performer with a 19 percent increase in average room rates (ARR), while ibis Mysuru, operational since Q3/FY25, continues to gain traction with a 61.4 percent occupancy rate.