Brigade Hotel Ventures announces major expansion in Karnataka with a planned investment of one thousand crore rupees over the next five years. The company will add approximately seventeen hundred room keys across new hotel projects and modernization of existing properties in the state. This expansion is part of BHVL's broader Vision 2031 roadmap, which targets adding seventeen hundred room keys with a total capital outlay of thirty-six hundred crore rupees. The announcement follows the successful ten-year operation of Grand Mercure Mysuru, which has established the viability of luxury hospitality in tier-two markets. Management expects Mysuru's hospitality market to grow at a compounded annual growth rate of eight to ten percent, driven by increasing domestic and international tourist inflows and rising demand for personalized wellness-led travel experiences.
