Brigade Hotel Ventures · forward-looking guidance across the available source record.
Guidance tracker
Management confirmed targeting mid-teens like-for-like growth for FY27, expecting Q2-Q4 recovery to compensate for ₹14 crore Q1 impact from West Asia disruptions. September and Q4 FY27 appear particularly buoyant due to alternate-year MICE cycle.
45-key hotel at World Trade Center Chennai expected to open in October 2026 (Q3 FY27), targeting minimum ₹9,000 ARR and 80% stabilized occupancy with captive corporate demand from WTC tenants.
Of the ₹500 crore FY27 capex target, only ₹53 crore deployed in Q1 (₹45 crore civil/renovation + ₹4 crore F&B outlet). Balance ~₹350 crore skewed to H2 FY27, with ₹400 crore already invested in FY26 toward the ₹3,600 crore pipeline.
Portfolio expansion from 1,600 to 3,300 keys by FY31 anchored by Grand Hyatt, Intercontinental, JW Marriott, and Ritz-Carlton across Bangalore, Chennai, Hyderabad, and Kochi. Luxury/upscale mix will increase from 14% today to 31% by FY29 and 38% by FY31.
Total capital expenditure of INR 3,600 crores planned to add ~1,700 keys, with phasing back-ended: ~60% in years 3-4.
Management expects to maintain ARR growth in mid-teens to high-teens for Q3 and Q4 FY26.
Despite a slower October due to festivals, RevPAR is expected to stay in mid-teens growth.
Management expects RevPAR growth in mid-to-high teens, driven by strong demand and limited supply in key micro markets.
For FY27, capex is expected to be approximately INR 500cr for the nine-hotel pipeline, with total capex of INR 3,600cr over 5 years.
The 45-key Courtyard by Marriott at Chennai World Trade Center is expected to become operational in FY27.
Two Fairfields and one Grand Hyatt Chennai are slated to become operational in FY28, with construction already started.