Bengaluru: Ventive Hospitality Ltd, a joint venture between Pune-based real estate developer Panchshil Realty and global asset manager Blackstone, is looking to expand its hotel business to capitalize on a surge in leisure travel and temple tourism in India, senior company officials told Mint.
The firm, which owns upscale hotels including Ritz Carlton Pune and Aloft Bangalore, is planning to expand the business both through organic and inorganic routes. It will acquire hotel assets across cities and also develop projects from the ground up.
Blackstone and Panchshil together own more than 80% of Ventive Hospitality, which is set to raise ₹1,600 crore…
