Tourexpi
The
multi-property deal includes several brand debuts and expands Marriott’s
footprint in the region. Among the key highlights are the first-ever
Ritz-Carlton Reserve in Sri Lanka, Marriott Hotels & Resorts in Varanasi,
Courtyard by Marriott in Mundra (Gujarat), and Moxy Hotels in Pune. The
agreement also includes a dual-branded property in Navi Mumbai, combining JW
Marriott and Moxy.
Ventive
Hospitality, a premier division of Panchshil Realty, is renowned for its
visionary approach to hospitality development and asset management. Known for
landmark projects in Pune and the Maldives, the company emphasizes sustainable
practices and curated luxury experiences. All seven properties are expected to
open in 2030.
The
signing ceremony was attended by Rajeev Menon, President, Asia Pacific
excluding China, Marriott International, and Atul Chordia, Chairman and
Executive Director of Ventive Hospitality Ltd. Other senior leaders present
included Ranju Alex, Regional Vice President, South Asia, Marriott
International; Ranjit Batra, CEO of Ventive Hospitality; Kiran Andicot, SVP of
Hotel Development, Marriott International; and Milind Wadekar, EVP Finance and
Investor Relations, Ventive Hospitality.
Rajeev
Menon commented: “Our growth strategy focuses on being where our guests want to
travel. We’re thrilled to work with Panchshil Realty and Ventive Hospitality to
bring these world-class experiences to life. We are especially excited to debut
Ritz-Carlton Reserve in Sri Lanka—an ultra-luxury brand defined by exclusivity,
immersion, and natural beauty.”
Atul
Chordia added: “As we begin FY 2025–26, our first year post-listing, this
strategic partnership marks a pivotal milestone. It deepens our two-decade-long
relationship with Marriott International and positions us to expand India’s
luxury and upscale hospitality market. By combining Marriott’s global expertise
with our real estate acumen, we’re creating distinctive destinations that
resonate with both business and leisure travelers.”
Ranjit
Batra emphasized: “This collaboration is a step toward redefining India’s
hospitality landscape. Our focus is on aggressive growth with global standards,
delivering value to stakeholders and elevating guest experiences.”
Key
Highlights of the New Properties
Pottuvil,
Sri Lanka – Ritz-Carlton Reserve
This
ultra-luxury retreat on Sri Lanka’s pristine eastern coast will feature 73
expansive villas nestled between the Indian Ocean and a coastal lagoon.
Surrounded by mangroves and rich biodiversity, the Reserve will offer refined
dining, a signature spa, a Marine and Wildlife Centre, and curated cultural
experiences. Access is possible via a scenic six-hour drive from Colombo or by
seaplane.
JW
Marriott Navi Mumbai
Located
just 10 km from the upcoming D.B. Patil Navi Mumbai International Airport, this
hotel will offer 450 elegant rooms, a JW Garden, five dining venues, and 2,000
sqm of flexible event space. Wellness is central to the experience, with a Spa
by JW, outdoor pool, and a modern fitness center.
Varanasi
Marriott Hotel
Debuting
in one of the world’s oldest cities, this hotel will offer 161 sophisticated
guestrooms, three dining outlets, an M Club Lounge, a Quan spa, outdoor pool,
and extensive meeting spaces. The property is just six minutes from Lal Bahadur
Shastri International Airport.
Courtyard
by Marriott Mundra
This
200-room hotel will serve both business and leisure travelers near Mundra Port
in Gujarat. Features include an all-day dining restaurant, Café & Bar, spa,
outdoor pool, fitness center, and spacious banqueting facilities. The nearest
commercial airport is in Bhuj, approximately 1.5 hours away.
Expanding
the Moxy Brand in India
Moxy
Navi Mumbai
As
part of a dual-branded property with JW Marriott Navi Mumbai, this playful
200-room hotel will feature the signature Moxy Bar, vibrant communal areas, two
meeting rooms, and a fully equipped fitness center.
Moxy
Pune Kharadi
Anticipated
to offer 200 rooms, this hotel in Pune’s educational and IT hub will include
buzzing social spaces, Bar Moxy, a full-service restaurant, gym, and two
daylight-filled meeting rooms covering 350 sqm. Located 7 km from Pune
International Airport.
Moxy
Pune Wakad
Planned
as a 264-key hotel in a mixed-use development project, this property will
feature Bar Moxy, two meeting rooms, and a fitness center. Designed as a
flexible space for both daytime work and evening socialization, the hotel is
about an hour from the airport.
This
agreement reflects Marriott’s commitment to expanding its portfolio in the
Indian subcontinent and Ventive Hospitality’s ambition to deliver globally
benchmarked hospitality experiences. Together, they aim to transform the luxury
and lifestyle travel landscape in the region by 2030.
Image
Credit: © Marriott International
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