Ascott to Launch Oakwood Serviced Residences in Tirupati

The Ascott Limited has signed a 120-unit Oakwood-branded serviced residence in Tirupati, Andhra Pradesh, its foray into one of India's most frequented pilgrimage sites. Developed jointly with KBR Homes India Private Limited, the property will bring high-end, international-standard hospitality to a city which receives more than 24 million pilgrims every year and is now developing into a real estate and industrial base.

Situated in the center of Tirupati, the Oakwood facility is planned to cater to both pilgrimage travelers and business tourists. It will offer 120 contemporary units, an all-day dining restaurant, Oakbar, a swimming pool, and a state-of-the-art fitness center. The project aims to redefine city accommodation standards for the temple town. 

Key Highlights-

• Ascott to open Oakwood-branded 120-unit property in Tirupati, Andhra Pradesh
• Project to cater to both pilgrims and business travelers with premium amenities
• Marks Ascott’s expansion into tier-2 spiritual and industrial Indian hubs

Hoshang Garivala, Country General Manager, The Ascott Limited said, "Tirupati is a very special market, where spirituality coexists with burgeoning urban development. We look forward to bringing Oakwood's well-known hospitality to this legendary destination through our collaboration with KBR Homes. The development will provide visitors a high-end and luxurious experience, while facilitating the city's growing hospitality and business environment."

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KBR Homes, a unit of Bangalore-based KBR Infratech, will be the developer. K Baburaju, Managing Director of KBR Infratech said, "We feel elated to collaborate with Ascott in introducing the Oakwood brand to Tirupati. The deal is a natural one and the property will create new standards of hospitality for the city."

The move reflects Ascott's strategic growth in tier-2 Indian cities, focusing on high-growth spiritual and commercial hubs with branded, premium lifestyle offerings.