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.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..