Ventive Hospitality files draft prospectus with Sebi for Rs 2,000 crore IPO
asset owner with a primary focus on luxury offerings across business and leisure segments, has filed its draft red herring prospectus with market regulator Sebi to raise funds through an IPO.
The company’s IPO comprises a fresh equity issue of up to Rs 2000 crore.
Ventive Hospitality is a hospitality asset owner with a primary focus on luxury offerings across business and leisure segments. All of the hospitality assets are operated by or franchised from global operators, including Marriott, Hilton, Minor and Atmosphere.
The luxury hospitality assets comprise JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives and Raaya by Atmosphere, Maldives. The portfolio comprises 11 operational hospitality assets in India and Maldives, totalling 2,036 keys across the luxury, upper upscale and upscale segments as at March 2024.
The company has a proven track record of developing and acquiring marquee hotel assets across various geographies and different hospitality segments. Through the development and acquisition-led expansion, they have scaled up the portfolio and forayed into new geographies such as Bengaluru, Varanasi and the Maldives within the past few years.
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