CPP Investments Invests ₹30 Billion in Prestige Hospitality Ventures

Canada Pension Plan Investment Board (CPP Investments) has invested INR 30 billion (C$441 million) in Prestige Hospitality Ventures Limited (PHVL), the hospitality arm of Prestige Estates Projects Limited. This investment marks CPP Investments' first direct foray into India's hospitality sector and will see them acquire approximately a 27% stake in PHVL. The capital will primarily fuel PHVL's expansion plans, leveraging its portfolio of luxury and premium hotels and a substantial development pipeline across key Indian cities. This strategic partnership aims to build a scaled, high-quality hospitality platform in India, capitalizing on rising travel demand and the need for quality accommodation.