Ventive Hospitality and its Promoter Group Companies have announced a significant expansion of their strategic partnership with Marriott International, signing management contracts for seven luxury, upper upscale, and upscale hotels totaling 1,548 rooms across India and Sri Lanka.
This collaboration marks several brand debuts in key locations, including Sri Lanka, Varanasi, Mundra, Pune, and Navi Mumbai. Additionally, Ventive Hospitality shared plans to develop a hotel on its existing leasehold land in Mundra, India.
Of the seven hotels, three are being developed directly by Ventive Hospitality and its subsidiaries. These include the Ritz-Carlton Reserve with 73 villas and 80 branded residences for sale near Yala East National Park in Sri Lanka, the Varanasi Marriott Hotel with 161 rooms in India, and the Courtyard by Marriott with 200 rooms in Mundra, India.
The other four hotels — 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 and will eventually be transferred to Ventive Hospitality under arrangements designed to maximize value for all stakeholders.
This strategic alliance is among the largest in India’s luxury and upper-upscale hospitality sector, combining Ventive Hospitality’s project execution strengths with Marriott International’s renowned brand and management expertise.
Atul Chordia, Chairman and Executive Director, Ventive Hospitality said, “We’re excited to begin FY 2025-26 on a strong note, particularly as it is our first financial year post listing. This partnership not only strengthens our two-decade-long relationship with Marriott International but also marks a pivotal moment in our journey to redefine India’s hospitality sector. By leveraging Marriott’s global expertise and our deep real estate knowledge, we aim to create distinctive destinations that elevate guest experiences for both business and leisure travelers, driving growth in the luxury and upper-upscale segments and expanding our footprint beyond Pune, Bengaluru, and the Maldives. This collaboration underscores our commitment to aggressive growth while maintaining prudent leverage.”
Rajeev Menon, President, Asia Pacific (excluding China), Marriott International said, “Our growth strategy focuses on being present where our guests are looking to travel. We are thrilled to work with Ventive Hospitality, as we continue to meet the growing demand for luxury travel experiences and world-class hospitality services. We are especially excited to have signed the Ritz-Carlton Reserve, that is expected to mark the brand’s debut in Sri Lanka. Today’s signed agreement underscores our long-standing relationship with Ventive Hospitality, and we look forward to bringing these exciting projects to fruition.”
Ranjit Batra, CEO, Ventive Hospitality said, “At Ventive Hospitality, we are committed to driving aggressive growth, enhancing stakeholder value, and redefining India’s hospitality landscape with globally benchmarked destinations. Our strategic partnership with Marriott International is a pivotal step towards this vision, delivering exceptional guest experiences and contributing to the industry’s growth. We’re excited about the opportunities ahead and look forward to a successful journey.”
Senior leaders from Ventive Hospitality, Panchshil Group, and Marriott International attended the formal announcement event, signaling strong momentum for future projects.
