What is Brigade Hotel Ventures' expansion strategy?

Brigade Hotel Ventures plans to develop three luxury properties, including the Intercontinental Hyderabad, the Grand Hyatt Resort in Chennai, and a luxury resort in Kerala. The company also aims to complete the construction of a luxury beach resort in Chennai and two upper-midscale hotels in Bengaluru by 2028, with another two hotels to follow by 2029.

How does Brigade Hotel Ventures' financial performance compare to its peers?

Brigade Hotel Ventures has an exceptionally high return on net worth of 53.01%, significantly higher than all its listed peers, indicating strong capital efficiency. The company's basic earnings per share (EPS) of ₹0.88 is modest but positive, unlike that of loss-making players such as Samhi Hotels.

What is the current state of India's hotel industry?

India's hotel industry is entering an exciting phase, with more people travelling for leisure, religious tourism, and business. Over one lakh new rooms are expected to be added by 2029, driven by improved infrastructure and rising incomes, signaling a travel boom that's here to stay.

Home / Business and Economy / Brigade Hotel Ventures Rides India's Travel Boom, Gears Up for IPO

Brigade Hotel Ventures Rides India's Travel Boom, Gears Up for IPO

25 Jul

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Summary

HDB Financial Services' ₹12,500-crore IPO boosts investor confidence
Brigade Hotel Ventures plans to develop 3 luxury properties across India
Company has exceptionally high return on net worth of 53.01%

Brigade Hotel Ventures Rides India's Travel Boom, Gears Up for IPO

India's IPO market is experiencing a resurgence, with the stellar ₹12,500-crore offering of HDB Financial Services – the largest IPO of the year so far – boosting investor confidence. This has reignited appetite for public issues, with over $30 billion expected to be raised in the next 12 months.

One of the most anticipated offerings is that of Brigade Hotel Ventures, a wholly owned subsidiary of leading real estate developer Brigade Enterprises. The company, which develops and owns hotels primarily across southern India, is gearing up for its IPO.

Brigade Hotel Ventures has an exceptionally high return on net worth of 53.01%, significantly higher than its listed peers. The company plans to develop three luxury properties, including the Intercontinental Hyderabad, the Grand Hyatt Resort in Chennai, and a luxury resort in Kerala. It also aims to complete the construction of a luxury beach resort in Chennai and two upper-midscale hotels in Bengaluru by 2028, with another two hotels to follow by 2029.

With the India's hotel industry entering an exciting phase, driven by increased leisure and business travel, Brigade Hotel Ventures is well-positioned to capitalize on the growing demand. The company's expansion strategy, focused on high-growth regions, aligns with the industry's long-term trajectory.

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