Ventive Hospitality, Marriott Ink Deal for 1,548 Rooms Across 7 Hotels

09 Jul 2025 CW Team

Ventive Hospitality, along with its Promoter Group Companies, has expanded its partnership with Marriott International through the signing of management contracts for seven new hotels totalling 1,548 rooms across India and Sri Lanka. The agreement spans luxury, upper-upscale, and upscale segments, and includes key brand debuts in Varanasi, Mundra, Pune, Navi Mumbai, and Sri Lanka.

Three of the hotels—Ritz-Carlton Reserve in Pottuvil (Sri Lanka), Varanasi Marriott Hotel, and Courtyard by Marriott Mundra—are being developed directly by Ventive Hospitality and its subsidiaries. The remaining four—JW Marriott Navi Mumbai, Moxy Navi Mumbai, Moxy Pune Wakad, and Moxy Pune Kharadi—are being developed by Promoter Group entities under a Right of First Offer or similar arrangement, and will eventually be transferred to Ventive Hospitality.

This development is considered one of the largest partnerships in India’s luxury hospitality segment. The Ritz-Carlton Reserve, featuring 73 villas and 80 branded residences, will mark the brand’s entry into Sri Lanka. Meanwhile, Moxy Hotels will make its Indian debut in Pune and Navi Mumbai.

Atul Chordia, Chairman and Executive Director, Ventive Hospitality, said, “This partnership strengthens our long-standing relationship with Marriott and marks a pivotal moment in our journey to redefine hospitality in India.”

Rajeev Menon, President, Asia Pacific (excluding China), Marriott International, added, “These projects align with our strategy to grow in locations with rising demand for luxury and lifestyle experiences.”

Ranjit Batra, CEO, Ventive Hospitality, noted the collaboration aims to drive aggressive growth while delivering globally benchmarked guest experiences.

With this expansion, Ventive aims to build on its real estate expertise and Marriott’s global brand recognition to scale operations beyond existing markets in Pune, Bengaluru, and the Maldives.

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..