Ventive Hospitality zooms on expanding strategic partnership with Marriott International
This partnership marks multiple brand debuts in key locations including Sri Lanka, Varanasi, Mundra, Pune, and Navi Mumbai
Ventive Hospitality is currently trading at Rs. 783.15, up by 39.05 points or 5.25% from its previous closing of Rs. 744.10 on the BSE.
The scrip opened at Rs. 742.85 and has touched a high and low of Rs. 796.00 and Rs. 742.85 respectively. So far 51286 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 839.00 on 13-May-2025 and a 52 week low of Rs. 522.65 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 796.00 and Rs. 673.20 respectively. The current market cap of the company is Rs. 18336.52 crore.
The promoters holding in the company stood at 88.98%, while Institutions and Non-Institutions held 8.33% and 2.69% respectively.
Ventive Hospitality has expanded their strategic partnership with Marriott International, by signing management contracts for seven luxury, upper upscale and upscale hotels comprising of 1,548 rooms across India and Sri Lanka. This partnership marks multiple brand debuts in key locations including Sri Lanka, Varanasi, Mundra, Pune, and Navi Mumbai. Further, the company also announced its plans to develop a hotel on its existing leasehold land in Mundra, India.
Of the seven hotels, three hotels are being developed by Ventive Hospitality and its subsidiaries - the RitzCarlton Reserve (73 villas along with 80 branded residences 1 for sale) at Pottuvil, near Yala East National Park in Sri Lanka; Varanasi Marriott Hotel (161 rooms) at Varanasi, India and Courtyard by Marriott (200 rooms) at Mundra, India.
The remaining four hotels - the proposed JW Marriott Navi Mumbai (450 rooms), Moxy Navi Mumbai (200 rooms), Moxy Pune Wakad (264 rooms) and Moxy Pune Kharadi (200 rooms), are being developed by the Promoter Group companies on Right Of First Offer (ROFO) or alternative structure basis for the Ventive Hospitality and will be transferred to the Company under a suitable arrangement that maximizes value for all stakeholders equitably.
Ventive Hospitality is predominantly a hospitality asset owner primarily focused on luxury offerings across business and leisure segments. The company primarily focuses on developing and managing high-end luxury hotels and resorts.
