<p>Bengaluru: Brigade Hotel Ventures Ltd, a subsidiary of Bengaluru-based real estate developer Brigade Enterprises Ltd (BEL) and second-largest owner of chain-affiliated hotels in South India is looking at renowned temple towns and leisure destinations across the country for its future expansion. </p><p>The company, currently, operates nine hotels largely across southern cities and GIFT City in Gujarat with 1,604 keys.</p><p>The company has partnered with global hospitality majors such as Marriott, Accor and InterContinental Hotels Group to operate its properties. </p><p>It has also tied up with Hyatt Group for its new hotel coming up in Chennai. By FY29, Brigade plans to open 14 hotels and its room strength will go up to 2,560 keys, said Nirupa Shankar, Managing Director, Brigade Hotel Ventures Limited.</p>.Brigade Hotel Ventures files for Rs 900-crore IPO.<p>Talking to reporters after announcing the company's Rs 760 crore IPO, on Wednesday, she said, "The company proposes to utilise the net proceeds towards repayment of Rs 468 crore of debt and pay another Rs 107 crore for the purchase of land from the parent company."</p><p>Nirupa said the company is looking into various religious and leisure towns across the country for future expansion. It currently operates hotels at Bengaluru, Mysuru, Chennai, Kochi, and GIFT City. It is also planning to set up a hotel next to Bangalore International Exhibition Centre (BIEC) on Tumakuru road.</p><p>Brigade Hotel Ventures has fixed a price band of Rs 85-90 per equity share of face value of Rs 10 each. The issue will open on July 24 and closes on July 28. Bids can be made for a minimum of 166 equity shares and in multiples of 166 equity shares thereafter. A discount of Rs 3 per equity share is being offered to eligible employees bidding in the employee reservation portion.</p><p>Recently, the company raised Rs 126 crore by selling equity shares to 360 ONE Alternates Asset Management.</p><p>The total issue size comprises a fresh issue of equity shares of face value of Rs 10 each aggregating up to Rs 760 crore. The issue will be listed on the bourses on July 31. </p>
<p>Bengaluru: Brigade Hotel Ventures Ltd, a subsidiary of Bengaluru-based real estate developer Brigade Enterprises Ltd (BEL) and second-largest owner of chain-affiliated hotels in South India is looking at renowned temple towns and leisure destinations across the country for its future expansion. </p><p>The company, currently, operates nine hotels largely across southern cities and GIFT City in Gujarat with 1,604 keys.</p><p>The company has partnered with global hospitality majors such as Marriott, Accor and InterContinental Hotels Group to operate its properties. </p><p>It has also tied up with Hyatt Group for its new hotel coming up in Chennai. By FY29, Brigade plans to open 14 hotels and its room strength will go up to 2,560 keys, said Nirupa Shankar, Managing Director, Brigade Hotel Ventures Limited.</p>.Brigade Hotel Ventures files for Rs 900-crore IPO.<p>Talking to reporters after announcing the company's Rs 760 crore IPO, on Wednesday, she said, "The company proposes to utilise the net proceeds towards repayment of Rs 468 crore of debt and pay another Rs 107 crore for the purchase of land from the parent company."</p><p>Nirupa said the company is looking into various religious and leisure towns across the country for future expansion. It currently operates hotels at Bengaluru, Mysuru, Chennai, Kochi, and GIFT City. It is also planning to set up a hotel next to Bangalore International Exhibition Centre (BIEC) on Tumakuru road.</p><p>Brigade Hotel Ventures has fixed a price band of Rs 85-90 per equity share of face value of Rs 10 each. The issue will open on July 24 and closes on July 28. Bids can be made for a minimum of 166 equity shares and in multiples of 166 equity shares thereafter. A discount of Rs 3 per equity share is being offered to eligible employees bidding in the employee reservation portion.</p><p>Recently, the company raised Rs 126 crore by selling equity shares to 360 ONE Alternates Asset Management.</p><p>The total issue size comprises a fresh issue of equity shares of face value of Rs 10 each aggregating up to Rs 760 crore. The issue will be listed on the bourses on July 31. </p>