Brigade Hotel Ventures Secures ₹126 Crore from 360 ONE Ahead of ₹900 Crore IPO

Mumbai, 4 July 2025: Brigade Hotel Ventures Ltd has raised ₹126 crore in a pre-IPO funding round led by 360 ONE Alternates Asset Management Ltd, marking a significant step toward its upcoming ₹900 crore initial public offering. The fresh capital infusion enhances the company’s financial flexibility and underscores investor confidence in its long-term growth plans.

360 ONE Invests in Pre-IPO Round, Acquires 4.74% Stake

In an official statement issued on Friday, Brigade Hotel Ventures confirmed the allotment of 1.4 crore equity shares at a price of ₹90 per share to 360 ONE Alternates. The investment translates into a 4.74% stake in the company’s pre-issue share capital. This strategic move precedes the company’s planned IPO, offering early validation of market interest.

IPO to Fuel Debt Reduction, Land Acquisition, and Expansion

According to its draft red herring prospectus (DRHP), Brigade Hotel Ventures aims to raise ₹900 crore through a fresh issue. The proceeds have been earmarked for three key objectives:

• ₹480 crore will be utilised to reduce existing debt,
• ₹107 crore is allocated for land acquisition, and
• The remaining funds will support inorganic growth strategies, strengthening the company’s future expansion roadmap.

Hospitality Portfolio Spans Major Southern Cities

Founded in 2004, Brigade Hotel Ventures operates as the hospitality subsidiary of Brigade Enterprises Ltd. The company has steadily established a regional leadership in South India’s hospitality sector. Its portfolio includes nine operational hotels comprising 1,604 keys, located in:

• Bengaluru and Mysuru (Karnataka)
• Chennai (Tamil Nadu)
• Kochi (Kerala)
• GIFT City (Gujarat)

These properties are managed in collaboration with some of the world’s most respected hotel operators, such as:

• Marriott International
• AAPC India Hotel Management Pvt Ltd
• InterContinental Hotels Group (India) Pvt Ltd

Strengthened Balance Sheet to Support Public Listing

With the latest capital inflow from 360 ONE Alternates, Brigade Hotel Ventures is now better positioned to fortify its balance sheet and accelerate growth initiatives. As it prepares for a public listing, the company is focusing on unlocking long-term value through financial discipline and targeted expansion in India’s growing hospitality market.

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