Brigade Hotel Ventures Ltd agreed to invest ₹1100 crore in Chennai hospitality projects under an MoU with the Tamil Nadu government at the 2026 tourism summit, adding more than 500 keys across three hotels and supporting over 1,000 jobs.
Source: Brigade Hotel Ventures Ltd. Press Release (NSE Exchange Fillings) | Published on Feb 02, 2025
Disclaimer: This content has been published for informational purposes only. Bajaj Broking is not affiliated with, nor does it endorse or assume any responsibility for, the source material. Readers are advised to consult the original publication for complete and accurate context.
As quoted in the press release of Brigade Hotel Ventures (NSE Exchange Filings), the company signed an MOU with the Tamil Nadu Government during the Tamil Nadu Global Tourism Summit 2026, under which Brigade pledged funding of ₹1100 Crores for new hotels in Chennai. The MOU aims to attract investment into Tamil Nadu's tourism and hospitality sectors and to enhance the infrastructure in the state's principal urban areas.
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The announced investment will support the development of three distinct hotel properties in Chennai, expanding the company’s operational footprint in a major economic hub:
Hotel Property | Approximate Rooms | Location |
Courtyard by Marriott, Chennai WTC | 45 | Chennai World Trade Center |
Grand Hyatt Chennai ECR | 211 | East Coast Road (ECR) |
JW Marriott Chennai OMR | 250 | Old Mahabalipuram Road (OMR) |
The organisation also stated that not only does asset growth lead to more jobs, but that it anticipates creating 1000+ jobs during both construction and operation phases of the projects. These job opportunities will correspond with broader initiatives agreed upon through the tourism summit to increase tourism-related economic growth within Tamil Nadu.
Brigade Hotel Ventures has recently pledged its continued support for a wider network of hotels in cities throughout India through partnerships with global hotel companies. These larger initiatives are another part of the company's ongoing goal to add more hotels to the existing base of branded hotels worldwide.
Chennai is also a key gateway for commercial and tourism activity, so having additional brand-name hotels will be an attractive factor to potential investors interested in opening up hotel opportunities in the city.
Brigade Hotel Ventures share price stands at ₹61.02 per share on the BSE as of 02 February 2026 at 15:30 PM IST, up by 0.04% from the previous close.
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