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Prestige Estates inks pact with Marriott for six hotels in India
Hospitality and Healthcare - Mar 20,2024 -Bengaluru-based developer Prestige Estates Projects and global hotel company Marriott International have signed an agreement to develop six hotel projects in the country. The hotels will be developed in a horizon of two-to-five year period.
Marriott will launch some of the new brands in the country with Prestige Estates. The total inventory will be 801 keys across Goa and Karnataka, which will see an investment of around Rs 1,000 crore.
The hotel properties include 177-keys Marriott Executive Apartments in UB City in Bengaluru, 130-keys Moxy Bengaluru ORR in Outer Ring Road, Bengaluru, 152 keys Bengaluru Marriott Hotel South in Kanakapura Road, Bengaluru, and 160-keys JW Marriott Sakleshpur Plantation Resort in Sakleshpur in Karnataka.
In Goa, it will develop 62-keys Tribute Portfolio Dabolim Hotel in Dabolim and 120-keys Autograph Collection in Chopdem. The autograph Collection in Goa will be the first autograph collection in South Asia.
Prestige currently has 10 hospitality projects with 1,489 keys. Marriott International expects to open 14 hotels in South Asia this year, 12 of which will be in India, adding nearly 1,200 rooms to the hotel chain’s existing portfolio in the country.
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