Ventive Partners with Marriott to Add 1,600 Hotel Rooms in India

Ventive Hospitality Ltd, the Panchshil Group and Blackstone-backed listed hotel development platform, has entered into a strategic alliance with Marriott International to develop six new hotels in India over the period of the next five years. The growth will introduce more than 1,600 rooms to Marriott's expanding India portfolio, enhancing Ventive's presence in hospitality high-growth markets.

The new hotels will be situated in Varanasi, Mundra, Pune, and Navi Mumbai, of which two of the six hotels, a 161 room hotel in Varanasi and a 200-room hotel in Gujarat — are owned by Ventive directly. 

The other four, of which one is a JW Marriott and three Moxy hotels in Pune and Navi Mumbai, will be developed by promoter group Panchshil on leasehold land. Ventive can opt to acquire these subsequently under a pre-agreed deal.

Key Highlights-

• Ventive and Marriott to develop six new hotels adding over 1600 rooms across India
• Projects to span Varanasi, Mundra, Pune, and Navi Mumbai with phased development
• Ventive aims to double room count to 4000 by FY30 with ₹2500 crore investment

"This collaboration with Marriott not only reinforces our two-decade-old association but also represents a turning point in our quest to redefine India's hospitality industry," said Atul Chordia, Chairman and Executive Director, Ventive Hospitality Ltd.

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Marriott has 142 hotels and more than 25,500 rooms operational in India and plans to move to 50,000 rooms within the next five years. Ventive, which listed in December 2024, has 11 hotels in India and the Maldives and is planning to achieve over 4,000 rooms by FY30 with an investment support of ₹2,500 crore.

The growth corresponds to the increasing hospitality sector in India, where there is an increased demand for upscale stays across major cities.