Expansion9 May 2026, 03:00 pm
Brigade Hotel Ventures Plans ₹3,600 Cr Expansion
AI Summary
Brigade Hotel Ventures Ltd (BHVL) celebrates Grand Mercure Mysuru's 10th anniversary and announces a ₹3,600 crore investment plan to add 1,700 new keys over the next five years. BHVL will invest ₹1,000 crore in Karnataka over the next five years, focusing on new projects and modernizing existing assets. The company aims to capitalize on the growing tourism sector in Mysuru, which is projected to grow at a CAGR of 8-10%.
Key Highlights
- BHVL plans ₹3,600 crore investment to add 1,700 keys in five years.
- BHVL will invest ₹1,000 crore in Karnataka over the next five years.
- Grand Mercure Mysuru celebrates its 10th anniversary.
- Mysuru's hospitality sector projected to grow at 8-10% CAGR.
- BHVL aims to double its room inventory by 2031.