Ventive Hospitality Restricted together with its Promoter Group Corporations companions with Marriott Worldwide for administration of 1,548 rooms throughout 7 resorts
Mumbai, July 8, 2025 – Ventive Hospitality Restricted (BSE: 544321, NSE: VENTIVE), (“Ventive Hospitality”), together with its Promoter Group Corporations, introduced the growth of their strategic partnership with Marriott Worldwide, by signing administration contracts for seven luxurious, higher upscale and upscale resorts comprising of 1,548 rooms throughout India and Sri Lanka.
This partnership marks a number of model debuts in key areas together with Sri Lanka, Varanasi, Mundra, Pune, and Navi Mumbai. Additional, Ventive Hospitality additionally introduced its plans to develop a resort on its current leasehold land in Mundra, India.
Of the seven resorts, three resorts are being developed by Ventive Hospitality and its subsidiaries – the Ritz-Carlton Reserve (73 villas together with 80 branded residences on the market) at Pottuvil, close to Yala East Nationwide Park in Sri Lanka; Varanasi Marriott Resort (161 rooms) at Varanasi, India and Courtyard by Marriott (200 rooms) at Mundra, India.
The remaining 4 resorts – 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 firms on Proper Of First Provide (ROFO) or various construction foundation for the Ventive Hospitality and will probably be transferred to the Firm beneath an appropriate association that maximizes worth for all stakeholders equitably.
This partnership, one in every of India’s largest within the luxurious and upper-upscale resort sector, leverages the energy of Ventive Hospitality’s venture execution capabilities together with Marriott Worldwide’s famend manufacturers and resort administration experience.
Each firms are poised to unlock vital progress alternatives by capitalizing on a good demand-supply dynamics.
This strategic partnership was formally introduced by Atul Chordia, Chairman and Govt Director of Ventive Hospitality Ltd, and Rajeev Menon, President, Asia Pacific (excluding China), Marriott Worldwide.
Additionally current on the occasion have been Ranju Alex, Regional Vice President, South Asia, Marriott Worldwide Ranjit Batra, CEO, Ventive Hospitality Ltd, Milind Wadekar Govt Vice President Finance and Investor Relations, Kiran Andicot, Senior Vice President, Resort Improvement, Marriott Worldwide and different senior leaders from Ventive Hospitality, Panchshil Group and Marriott Worldwide.
Commenting on the announcement, Atul Chordia, Chairman and Govt Director of Ventive Hospitality Ltd, mentioned “We’re excited to start FY 2025-26 on a powerful word, notably as it’s our first monetary 12 months put up itemizing.
This partnership not solely strengthens our two-decade-long relationship with Marriott Worldwide but in addition marks a pivotal second in our journey to redefine India’s hospitality sector. By leveraging Marriott’s international experience and our deep actual property data, we intention to create distinctive
locations that elevate visitor experiences for each enterprise and leisure vacationers, driving progress within the luxurious and upper-upscale segments and increasing our footprint past Pune, Bengaluru, and the Maldives. This collaboration underscores our dedication to aggressive progress whereas sustaining prudent leverage.”
Rajeev Menon, President, Asia Pacific (excluding China), Marriott Worldwide, remarked “Our progress technique focuses on being current the place our visitors want to journey. We’re thrilled to work with Ventive Hospitality, as we proceed to satisfy the rising demand for luxurious journey experiences and world-class hospitality companies.
We’re particularly excited to have signed the Ritz-Carlton Reserve, that’s anticipated to mark the model’s debut in Sri Lanka. Immediately’s signed settlement underscores our long-standing relationship with Ventive Hospitality, and we look ahead to bringing these thrilling initiatives to fruition.”
Ranjit Batra, CEO of Ventive Hospitality Ltd, shared his ideas, “At Ventive Hospitality, we’re dedicated to driving aggressive progress, enhancing stakeholder worth, and redefining India’s hospitality panorama with globally benchmarked locations.
Our strategic partnership with Marriott Worldwide is a pivotal step in direction of this imaginative and prescient, delivering distinctive visitor experiences and contributing to the business’s progress. We’re excited in regards to the alternatives forward and look ahead to a profitable journey.”
Disclaimer:- This story has not been edited by SugerMint workers and offered by the company. SugerMint is not going to be accountable in any means for the content material of this story.
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