Ventive Hospitality, the joint venture between Panchshil Realty and Blackstone Group, is gearing up for its Initial Public Offering (IPO) worth ₹2,000 crore. The company, known for its strong operating profit of ₹870 crore in the fiscal year 2023-24, is set to make a significant impact in the hospitality sector.
With a focus on debt settlement and general corporate purposes, Ventive Hospitality plans to use ₹1,600 crore of the IPO proceeds to pay off existing debts and allocate the remaining funds for ongoing and future business activities.
Ventive Hospitality’s portfolio includes 17 assets, including four international hotels and two under-construction properties. With a core portfolio of 13 hotels managed by top international operators like Marriott, Hilton, and Minor, the company is the largest foreign multi-brand hotel owner in India.
The company’s luxury assets, such as JW Marriott Pune, The Ritz-Carlton Pune, Conrad Maldives, and Anantara Maldives, have been key revenue drivers, with over 80% of pro forma income coming from high-end properties.
As Ventive Hospitality moves towards its IPO, its focus on expanding luxury offerings and operational capabilities positions it for continued growth and success in the global hospitality market.
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