Shares of Brigade Hotel Ventures Ltd ended nearly 1.5% lower at Rs 85.95 on 13th August, despite the company announcing a multi-deal agreement with Marriott International, Inc. to develop six new hotels across four key markets in Southern India. The expansion will add about 940 rooms to BHVL’s portfolio and include properties under five distinct Marriott Bonvoy brands.

The new hotels will operate under The Ritz-Carlton, JW Marriott, Marriott Hotels & Resorts, Courtyard by Marriott, and Fairfield by Marriott brands. This deal expands Brigade Hotel Ventures Ltd’s partnership with Marriott to eight hotels and 1,388 rooms, including the existing Sheraton Grand Bangalore at Brigade Gateway and Four Points by Sheraton Kochi Infopark.

The upcoming properties include:

• Courtyard by Marriott Chennai World Trade Centre – FY27 launch, featuring 45 rooms and two dining outlets.

• Fairfield by Marriott Bengaluru International Airport – FY28 launch, 224 rooms, conference spaces, two dining venues.

• Fairfield by Marriott Bengaluru Brigade Valencia – FY28 launch, 151 rooms, a restaurant, and a bar.

• The Ritz-Carlton Vaikom Island, Kerala – FY29 launch, 70 private pool villas, five dining venues.

• JW Marriott Chennai OMR – FY30 launch, 250 rooms, wellness spaces, five dining options.

• Thiruvananthapuram Marriott Hotel World Trade Centre – FY30 launch, 200 rooms, five dining venues.

At 3:30 PM, the shares of Brigade Hotel Ventures ended 1.33% lower at Rs 83.52 on NSE.

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