Brigade Hotel Ventures Ltd. (BHVL), the hospitality and hotel asset platform of Brigade Group, reported a strong financial performance in Q3 FY26, underlining the growing value of well-located, high-quality hotel real estate in India’s key urban markets.
The company posted consolidated revenue of ₹143 crore for the quarter, up 14% year-on-year, while profit after tax rose sharply to ₹22 crore, a 126% increase over Q3 FY25. EBITDA grew 17% to ₹51 crore, reflecting improved asset utilisation, pricing power and operational efficiency across its portfolio.
BHVL’s performance was driven by strong demand across its hotel assets, particularly in Bengaluru, where average room rates and revenue per available room saw robust growth. Bengaluru assets recorded a 19% year-on-year rise in ARR to ₹9,429, with RevPAR increasing to ₹7,202, highlighting the strength of the city’s commercial real estate ecosystem and limited new hotel supply.
For the nine months ended FY26, the company reported consolidated revenue of ₹398 crore, up 19% over the previous year, with PAT rising to ₹40 crore from ₹11 crore. Occupancy across the portfolio remained healthy at over 75%, supported by a mix of corporate travel, leisure demand, weddings and MICE activity—segments closely linked to the performance of office, convention and mixed-use developments.
Commenting on the results, Nirupa Shankar, Managing Director, Brigade Hotel Ventures Ltd., said the performance reflects the strength of BHVL’s underlying real estate assets and brand-led positioning. She noted that limited supply in core markets, combined with differentiated locations and asset quality, supported favourable occupancy and pricing trends.
Looking ahead, BHVL plans to deepen its presence in the luxury and upscale segments, with nine upcoming hotels in the pipeline. The company expects growth to be driven by existing assets, renovations and F&B upgrades, as well as new developments such as Grand Mercure Ahmedabad GIFT City and ibis Styles Mysuru—further aligning Brigade Group’s hospitality strategy with emerging business districts and growth corridors.
The results reaffirm the role of hospitality-led developments as a key component of Brigade Group’s broader real estate portfolio, contributing steady yields and long-term value across prime urban markets.
