Brigade Hotel Ventures Plans Rs 10 Billion Investment In Karnataka

As part of its Vision 2031 strategy BHVL aims to double room inventory and add approximately 1,700 new keys over the next five years supported by a capital outlay of Rs 36 billion. The company stated that Grand Mercure Mysuru provided a proof of concept for expanding international hospitality standards into heritage cities and that the pipeline builds on operational and financial learnings from the property. BHVL is a subsidiary of Brigade Enterprise Limited and operates a portfolio of nine hotels with 1,604 keys across South India and the GIFT City. The hotels are affiliated with global operators across the upper upscale to midscale segments.

The Grand Mercure Mysuru, inaugurated in 2016, is a 146-key cultural landmark that has sought to blend French elegance with Karnataka's royal heritage while serving as a focal point for the Dasara festivities. The property has achieved Green Key certification and the company highlighted its contribution to direct and indirect employment and to local vendor ecosystems. BHVL said sustainability and community integration remain central to its operational model as it prepares for further expansion. The company views the Mysuru property as a strategic catalyst for regional growth.

The market outlook for Mysuru is robust with the hospitality sector expected to expand at a compound annual growth rate of eight to 10 per cent as trends shift towards hyper-personalisation and wellness. BHVL intends to leverage its established talent pipeline and vendor networks to capitalise on these trends while supporting government efforts to develop iconic tourist destinations. The company said strategic growth will balance room inventory increases with community benefit and sustainable practices as it advances its regional growth strategy.