Bengaluru: Ventive Hospitality Ltd, a joint venture between Pune-based real estate developer Panchshil Realty and global asset manager Blackstone, is set to capitalize on the rising trend of temple tourism by acquiring and developing hotels.
Ventive HospitalityTemple TourismHotel DevelopmentPanchshil RealtyBlackstoneReal Estate PuneDec 18, 2024
Ventive Hospitality Ltd is a joint venture between Pune-based real estate developer Panchshil Realty and global asset manager Blackstone. The company focuses on acquiring and developing hotels in popular religious destinations across India.
Ventive Hospitality is focusing on temple tourism due to the rising trend of pilgrims visiting religious sites and the government's push for infrastructure development in these areas. This presents a significant opportunity for the company to expand its footprint and contribute to the economic growth of these regions.
Ventive Hospitality is targeting popular religious sites such as Tirumala, Varanasi, Haridwar, and Dwarka. The company plans to develop a range of hotels, from budget-friendly options to luxury accommodations, in these locations.
Ventive Hospitality is implementing sustainable practices such as the use of renewable energy sources, water conservation techniques, and waste management systems. The company believes that responsible tourism is crucial for the long-term development of these destinations.
Ventive Hospitality plans to expand its network of hotels through a mix of acquisitions of existing properties and greenfield projects. The company is identifying well-located hotels with potential for renovation and expansion, as well as new sites for developing hotels from the ground up.
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