What Brigade Hotel Ventures does

Brigade Hotel Ventures Limited (BHVL) is a publicly listed Indian hotel ownership and asset management company, incorporated in 2016 as a fully-owned subsidiary of Brigade Enterprises Limited, a Bangalore-based diversified real estate conglomerate. BHVL develops and owns hotel real estate and enters into management or franchise agreements with international hospitality brands — currently Marriott International, Accor, IHG, and Hyatt — that operate the properties under their respective brands and loyalty programs. As of FY26, BHVL operates nine branded hotels with approximately 1,600 keys across Bangalore, Mysore, Chennai, Kochi, and Ahmedabad GIFT City, targeting individual leisure travelers, corporate and business travelers, and MICE (meetings, incentives, conferences, exhibitions) customers.

The company's portfolio spans luxury (Sheraton Grand Bangalore, Grand Mercure Ahmedabad GIFT City), upscale (Grand Mercure Bangalore, Grand Mercure Mysore, Holiday Inn Bengaluru Racecourse, Holiday Inn Chennai OMR), select-service (Holiday Inn Express & Suites Bengaluru OMR, Ibis Styles Mysuru), and upcoming extended-stay and luxury offerings (Hyatt House Bengaluru Devanahalli, Grand Hyatt Chennai ECR). All operating properties are EDGE-certified, achieving more than 20% reductions in energy and water usage. Distribution is conducted through the global booking platforms, GDS connectivity, and loyalty programs of the four international brand partners, supplemented by Indian OTAs and direct corporate accounts; BHVL's own revenue derives from room rentals, food and beverage, banquets, and other guest services, with pricing set per-property and not publicly disclosed.

BHVL's growth strategy, articulated as Vision 2031, commits Rs 3,600 crore of capital to roughly double the portfolio to 18 hotels and approximately 3,300 keys by FY30. FY26 reported Rs 525.03 crore in sales (up 12.13% year-over-year) and Rs 58.46 crore in net profit (up 189.69%), with brokerage forecasts projecting a 22.8% net sales CAGR through FY28. Recent strategic moves include a multi-deal agreement with Marriott, the addition of Hyatt as the fourth global brand partner, an MoU with the Government of Tamil Nadu for Rs 1,100 crore of Chennai investments, and continued expansion into north and west India, while the company navigates an Income Tax survey disclosed in December 2025.

Name

Brigade Hotel Ventures

Legal name

Brigade Hotel Ventures Limited

Website

https://bhvl.in

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Brigade Hotel Ventures Limited is a publicly listed Indian hotel ownership and asset management company operating nine branded hotels (~1,600 keys) across South India under Marriott, Accor, IHG, and Hyatt management agreements, serving leisure, corporate, and MICE travelers with plans to double its portfolio by FY30.

Ownership category

akta.pro rank

Product category

Hotel Operations and Hospitality Services

NAICS

Hotels (except Casino Hotels) and Motels (721110), Hotels (except Casino Hotels) and Motels (72111)

SIC

Hotels & Motels (7011)

akta.pro primary industry

Hospitality (Hotel) Property Management (BPAJAGAG)

akta.pro secondary industries

Urban & Downtown Full-Service Hotels (THAGAAAA), Business & Corporate Full-Service Hotels (THAGAAAE), Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Preferred Hotel Program Design & Portfolio Strategy (THACAGAD)

Keywords

• Hospitality asset management
• Branded hotel operations
• Hotel real estate
• Hospitality services
• Hotel development

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Technology or R&D

Revenue model

1. Hotel Operations Revenue: Revenue generated from room rentals, food and beverage services, banquets, and other guest services at owned hotel properties across India. Properties include Sheraton Grand Bangalore, Four Points by Sheraton Kochi, Grand Mercure properties in Bangalore, Mysore, and Ahmedabad GIFT City, Holiday Inn Bengaluru Racecourse, Holiday Inn Chennai OMR, Holiday Inn Express Bengaluru OMR, and Ibis Styles Mysuru.
2. Asset Management and Brand Licensing: BHVL operates hotels under management agreements with international hospitality brands (Marriott, Accor, IHG, Hyatt), generating fees through its parent Brigade Group's real estate development capabilities and brand partnerships. The company focuses on high-margin assets in India's hospitality sector.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Brigade Hotel Ventures Limited (BHVL) develops, owns, and operates a portfolio of nine branded hotel properties across South and West India comprising approximately 1,600 room keys, including Sheraton Grand Bangalore, Courtyard by Marriott Kochi Infopark, Grand Mercure Bangalore, Grand Mercure Mysore, Grand Mercure Ahmedabad GIFT City, Holiday Inn Bengaluru Racecourse, Holiday Inn Chennai OMR, Holiday Inn Express & Suites Bengaluru OMR, and Ibis Styles Mysuru. The hotels are operated under management and franchise agreements with international hospitality brands Marriott International, Accor, IHG, and Hyatt, generating revenue through room rentals, food and beverage services, banquets, and MICE events. The company, listed on NSE as BRIGHOTEL, is positioning to double its portfolio to 18 hotels and over 3,300 keys by FY30 under its Vision 2031 strategy backed by Rs 3,600 crore of capital outlay.

Product overview

Brigade Hotel Ventures operates a portfolio of branded hotel properties across India, functioning as a hotel ownership and asset management company rather than a software product. The portfolio consists of nine distinct hotel properties spanning luxury to economy segments, operated under international hospitality brand franchises including Marriott International (Sheraton Grand, Four Points), Accor (Grand Mercure, Ibis Styles), and IHG (Holiday Inn, Holiday Inn Express). Properties are strategically located in key business corridors and leisure destinations including Bengaluru, Chennai, Mysuru, Kochi, and Ahmedabad GIFT City, primarily targeting business travelers, corporate events, and MICE activities. The company's Vision 2031 strategy aims to double the room inventory from approximately 1,600 to 3,300+ keys through new development and partnerships.

Differentiator

Problem solved

Functional benefit

Products and services

• Sheraton Grand Bangalore Hotel at Brigade Gateway A 5-star luxury property at Brigade Gateway with 230 rooms and multiple dining options including Feast, Bene, The Persian Terrace, Hydeout Bar & Lounge, High Ultra Lounge and Horizon, serving business and leisure travelers.
• Courtyard by Marriott Kochi Infopark A 218-room upper-upscale hotel located inside Kakkanad's Infopark IT corridor featuring a rooftop infinity pool and spa, serving business, MICE and leisure travelers.
• Grand Mercure Bangalore A 126-room upscale hotel situated in Koramangala, Bangalore, ideal for business travelers and families seeking extended stays, featuring By The Blue and The Verandah Koramangala dining options.
• Grand Mercure Mysore A flagship 146-room property in central Mysore with well-equipped banquets and meeting rooms, dining at La Uppu, By The Blue, and Silk Bar, serving leisure, corporate and event guests.
• Grand Mercure Ahmedabad GIFT City A 151-room luxury hotel in GIFT City with Sangam All Day Dining and Samorah Specialty Restaurant, catering to business travelers in India's first International Financial Service Centre.
• Holiday Inn Bengaluru Racecourse A 272-room full-service hotel in central Bangalore with multiple dining venues (Café G, The Lounge Café, Glass Kitchen & Bar) serving business and vacation travelers.
• Holiday Inn Chennai OMR IT Expressway A 202-room hotel in Chennai's OMR IT corridor with Café G, The Lounge Café, and Score Sports Bar, serving business and leisure travelers.
• Holiday Inn Express & Suites Bengaluru OMR A 129-room select-service hotel on OMR Bengaluru with The Verandah Resto Bar and Great Room, targeting business travelers near Whitefield and surrounding IT parks.
• Ibis Styles Mysuru A 130-room design-focused boutique hotel in Mysuru near Ranganathittu Bird Sanctuary, with outdoor pool, gym, restaurant, smart meeting rooms, and the KA16 Rooftop Restaurant.

Quantifiable outcome

• Full-year FY26 net profit of Rs 58.46 crore, up 189.69% year-over-year on sales of Rs 525.03 crore
• +5 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered flagship, minor, core and strategic.

• Hyatt Hotels CorporationflagshipChannel Partner/ Reseller/ Distributor · 7 April 2026Hyatt signed management agreements with BHVL and BCV Developers (both Brigade Group subsidiaries) for two new developments: Grand Hyatt Chennai ECR (~200 rooms, opening 2029 on East Coast Road) and Hyatt House Bengaluru Devanahalli (135 serviced apartments, opening 2027 near Kempegowda International Airport). These mark Brigade Group's first hotel partnership with Hyatt, expanding BHVL's brand portfolio.
• BCV Developers Private LimitedminorStrategic or Co-development Partner · 7 April 2026BCV Developers Private Limited, also a subsidiary of Brigade Group, signed a joint management agreement with Hyatt for the Hyatt House Bengaluru Devanahalli property alongside BHVL. This represents intra-group collaboration on hotel development.
• Brigade Enterprises Limited (Parent Company)coreStrategic or Co-development Partner · 22 March 2026BHVL is a fully-owned subsidiary of Brigade Enterprises Limited. The parent company provides real estate development expertise, capital for hotel development, land access, and brand reputation. Brigade Enterprises has been operating in hospitality since June 2004, pioneering professionally operated and branded serviced apartments through Brigade Homestead.
• Government of Tamil NadustrategicOthers · 2 February 2026BHVL signed a memorandum of understanding with the Government of Tamil Nadu at the Tamil Nadu Global Tourism Summit 2026, committing Rs 1,100 crore to develop three hotels in Chennai with over 500 rooms (Courtyard by Marriott, Grand Hyatt Chennai ECR, and JW Marriott Chennai OMR). The partnership is expected to generate over 1,000 high-value jobs and bolster Tamil Nadu's tourism infrastructure.
• Marriott InternationalcoreChannel Partner/ Reseller/ DistributorMarriott International operates BHVL's premium hotel properties including Sheraton Grand Bangalore Hotel at Brigade Gateway (230 rooms), Four Points by Sheraton Kochi Infopark / Courtyard by Marriott Kochi Infopark (218 rooms), and other Marriott-branded hotels under management agreements. Marriott provides global distribution through Marriott Bonvoy loyalty program, GDS, Marriott.com, and worldwide sales teams.
• AccorcoreChannel Partner/ Reseller/ DistributorAccor operates BHVL's Grand Mercure branded properties in Bangalore (126 rooms), Mysore (146 rooms), and Ahmedabad GIFT City (151 rooms), as well as Ibis Styles Mysuru (130 rooms) under management agreements. Accor provides distribution through ALL – Accor Live Limitless loyalty program and global hotel booking platforms.
• InterContinental Hotels Group (IHG)coreChannel Partner/ Reseller/ DistributorIHG operates BHVL's Holiday Inn Bengaluru Racecourse (272 rooms), Holiday Inn Chennai OMR IT Expressway (202 rooms), and Holiday Inn Express & Suites Bengaluru OMR (129 rooms) under management agreements. IHG provides distribution through IHG One Rewards loyalty program and global booking infrastructure.

Scale indicators14 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• ITC Hotels: Hospitality arm of ITC Limited operating ITC Royal Bengal, ITC Grand, Welcomhotel, and Fortune brands across India. Competes with BHVL in the upper-upscale and business segments, leveraging an Indian-parent conglomerate structure similar to Brigade's relationship with BHVL.
• Marriott International (India): Global hospitality giant that operates BHVL's Sheraton, Four Points, and Courtyard by Marriott properties via management agreements. As BHVL's largest brand partner, Marriott benchmarks revenue management, fee economics, and loyalty contribution that dictate BHVL's profitability.
• Accor (India): Global hotel group operating BHVL's Grand Mercure and Ibis Styles assets under management contracts. Accor's India pipeline, loyalty program economics, and brand standards directly shape BHVL's distribution footprint and unit economics across Mysuru, Bengaluru, and Ahmedabad.
• Indian Hotels Company Limited (IHCL / Taj Hotels): India's largest hospitality group (Tata Group) operating a deep portfolio of full-service and luxury hotels (Taj, Vivanta, SeleQtions, Ginger). Competes with BHVL for premium business and leisure demand across India but operates its own proprietary brands rather than franchise model.

Direct peers

• Sarovar Hotels & Resorts: Privately-held Indian hotel management company operating upscale and mid-market hotels under Sarovar, Sarovar Premiere, Sarovar Portico, and Hometel brands. Competes with BHVL across business corridors in India, often under franchise arrangements with global chains.
• EIH Limited (Oberoi Hotels & Resorts): Listed Indian luxury hotel company operating Oberoi and Trident brands across India and select international markets, serving a similar premium business and leisure clientele as BHVL's Grand Mercure and Sheraton assets.
• Lemon Tree Hotels Limited: Listed Indian chain operating Lemon Tree Premium, Lemon Tree Hotels, Red Fox, and Keys by Lemon Tree brands across business and leisure markets. Competes head-to-head with BHVL in India's midscale and upscale segments.
• Chalet Hotels Limited: Listed Indian hotel owner-operator that partners with international hospitality brands (Marriott, Accor, IHG, DoubleTree) to operate branded hotels — the closest direct peer to BHVL's brand-partnered asset-ownership model in India.
• Royal Orchid Hotels Limited: Listed Indian mid-market and upscale hotel operator running Royal Orchid, Regenta, and affiliated brands. Competes with BHVL's Holiday Inn and Ibis Styles properties for corporate and leisure travelers in tier-I cities.

Emerging players

• Mahindra Holidays & Resorts India Limited: Listed Indian hospitality company (Club Mahindra) focused on vacation ownership and serviced apartments. Adjacent to BHVL's extended-stay offerings like Hyatt House Bengaluru Devanahalli, with overlap on the longer-duration leisure guest segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/brigade-hotel-ventures-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Brigade Hotel Ventures