Ventive Hospitality Ltd, backed by Panchshil Group and Blackstone, will develop six new hotels in India under a strategic partnership with Marriott International, adding around 1,600 rooms by 2030. The company aims to double its room capacity to over 4,000 in five years with a planned investment of ₹2,500 crore. Ventive, listed on the stock exchange since December 2024, currently owns 11 hotels across India and the Maldives. The expansion includes new properties in Uttar Pradesh, Gujarat, and Maharashtra, supporting Marriott’s goal of reaching 50,000 rooms in India by 2030.
Ventive Hospitality Ltd, a listed hotel development and management company backed by the Panchshil Group and Blackstone, has announced a partnership with Marriott International to open six new hotels in India by 2030. The expansion will add approximately 1,600 rooms to Marriott’s growing portfolio in the country.
The hotels will be located in Varanasi (Uttar Pradesh), Mundra (Gujarat), Pune, and Navi Mumbai (Maharashtra), significantly boosting Marriott’s presence in the Indian hospitality market. Marriott currently operates 142 hotels in India, with over 25,500 rooms and 16 ITC Hotels in its distribution portfolio.
Ventive Hospitality, which listed on the Indian stock exchanges in December 2024, currently owns 11 hotels across India and the Maldives. Two of the upcoming hotels—a 161-room property in Varanasi and a 200-room hotel in Gujarat—will be directly owned by Ventive. Four additional hotels, including one JW Marriott and three Moxy properties in Maharashtra, will be developed by the Panchshil Group on leased land. Ventive will have the option to acquire these properties under a pre-agreed arrangement once they are completed.
The company has announced a ₹2,500 crore investment plan to double its hotel room capacity to over 4,000 within five years. This expansion is expected to increase Ventive’s annual EBITDA from ₹1,000 crore to ₹1,350 crore from existing operations, with new hotels adding another ₹500–600 crore per year post-launch.
This partnership with Marriott not only strengthens our two-decade-long relationship but also marks a pivotal moment in our journey to redefine India’s hospitality sector.”
Atul Chordia, Chairman and Executive Director of Ventive Hospitality.
Marriott International has also been scaling its India operations aggressively. In June 2025, it acquired a minority stake in Concept Hospitality (Chaudhary Group), operator of The Fern Hotels, and launched a new brand called Series by Marriott. Marriott currently collaborates with over 60% of its Indian hotel partners on multiple properties and already manages five hotels owned by Panchshil.
India’s branded hotel inventory is projected to grow from 200,000 rooms to 300,000 rooms by 2030, according to consultancy Horwath HTL. Occupancy levels in premium hotels are forecast to rise to 72-74% in FY26, while average room rates are expected to inch up to ₹8,500 amid tight supply and ongoing renovations.
Ratings agency ICRA recently revised its outlook for India’s hospitality sector from positive to stable, anticipating moderate revenue growth of 6-8% in FY26 due to a high post-pandemic base effect.
Apart from its India expansion, Ventive is also developing a Ritz-Carlton Reserve property in Pottuvil, on Sri Lanka’s east coast, and continues to work with other hospitality giants such as Minor Hotels and Atmosphere Hotels.
