Brigade Group and Hyatt Announce Plans for Grand Hyatt Chennai ECR and Hyatt House Bengaluru Devanahalli

BCV Developers Private Limited, part of the Brigade Group, today announced the signing of Hyatt House Bengaluru Devanahalli with Hyatt. Brigade Hotel Ventures Limited (BHVL) had earlier signed with Hyatt for Grand Hyatt Chennai ECR.

Brigade Hotel Ventures Limited had signed a management agreement with Hyatt for Grand Hyatt Chennai ECR, a premier beachfront hotel on the scenic southeastern coast of India. With plans to open in 2029, Grand Hyatt Chennai ECR will debut on an expansive beachfront site, offering an exclusive and immersive stay with approx. 200 guest rooms, five distinct dining venues including a signature restaurant, two specialty restaurants, a pool bar, a lobby lounge, wellness facilities, and multiple sophisticated event spaces. The hotel facilities will cater to premium leisure and business travellers and will be ideal for wedding buy outs, staycations and MICE.

BCV Developers Private Limited signed a management agreement with Hyatt for Hyatt House Bengaluru Devanahalli. This greenfield development, with plans to open in 2027, will feature 135 serviced apartments designed for both extended stays and short getaways. Located just 20 minutes from Kempegowda International Airport, the serviced apartments will serve the rapidly growing Devanahalli tech corridor, which includes upcoming IT Parks, the Aerospace Science Park, and the planned Financial City. Amenities will include an all-day restaurant, a bar, meeting spaces, a swimming pool, and a fitness center.

"We are happy to announce our plans for Grand Hyatt Chennai ECR, a world-class hotel that will redefine the hospitality landscape in Chennai," said Nirupa Shankar, Managing Director, Brigade Hotel Ventures Limited. "This will be our first hotel with Hyatt, and we are confident in Hyatt's global expertise in managing large-format MICE hotels. Strategically located on East Coast Road, the property is poised to become a premier destination, appealing to business travellers, wedding guests, and leisure seekers alike. Brigade is committed to building landmark hospitality assets, and Grand Hyatt Chennai ECR is a significant step in that journey."

"We are thrilled to be collaborating with Hyatt on this new project," said Mr. Amar Mysore, Director, BCV Developers Private Limited. "The Hyatt House brand is a perfect fit for the Devanahalli locality, offering a blend of comfort and convenience that meets the needs of today's business and leisure travellers. Its proximity to the airport and upcoming tech parks makes it a prime location, and we are confident this hotel will set a new standard for extendedstay hospitality in the region."

"We are excited to work with Brigade Group through the signings of Grand Hyatt Chennai ECR and Hyatt House Bengaluru Devanahalli," said Dhruva Rathore, Vice President of Development, India & Southwest Asia, Hyatt. "Chennai and Bengaluru are dynamic markets with strong demand for hospitality, and these landmark developments align with Hyatt's strategic vision of expanding our brand presence in key leisure and business destinations across India." He added, "We are confident our guests will savour memorable moments whether they are traveling for business, with family or gathering with colleagues to enrich connections."

The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 690.05 as compared to the previous close of Rs. 688.25. The total number of shares traded during the day was 23620 in over 1499 trades.

The stock hit an intraday high of Rs. 695.00 and intraday low of 673.20. The net turnover during the day was Rs. 16167253.00.

Source : Equity Bulls

Keywords

BrigadeEnterprises INE791I01019 Realty BrigadeGroup Hyatt Chennai ECR Bengaluru Devanahalli