Marriott International has signed an agreement with Ventive Hospitality to open seven hotels totaling 1,548 keys across five brands. The portfolio includes brand debuts in India and the anticipated launch of a Ritz-Carlton Reserve in Sri Lanka. All seven properties are expected to open in 2030.
The agreement includes the debut of Marriott Hotels & Resorts in Varanasi, Courtyard by Marriott in Mundra, Moxy in Pune and the Ritz-Carlton Reserve brand in Pottuvil. It also introduces a dual-branded development in Navi Mumbai, combining a JW Marriott and a second Moxy in the city.
“Our growth strategy focuses on being present wherever our guests are looking to travel. We are thrilled to work with Panchshil Realty and Ventive Hospitality, as we continue to meet the growing demand for luxury travel experiences and world-class hospitality services. We are especially excited to have signed a Ritz-Carlton Reserve, which is expected to mark the brand’s debut in Sri Lanka. Today’s signed agreement underscores our long-standing relationship with Panchshil Realty, and we look forward to bringing these exciting projects to fruition,” said Rajeev Menon, president, Asia Pacific excluding China, Marriott International.
“We’re excited to begin FY 2025-26 on a strong note, particularly as it is our first financial year post listing. This signing not only strengthens our two-decade-long relationship with Marriott International but also marks a pivotal moment in our journey to redefine India’s hospitality sector. By leveraging Marriott’s global expertise and our deep real estate knowledge, we aim to create distinctive destinations that elevate guest experiences for both business and leisure travelers, driving growth in the luxury and upper-upscale segments and expanding our footprint beyond Pune, Bengaluru, and the Maldives. This collaboration underscores our commitment to aggressive growth while maintaining prudent leverage,” said Atul Chordia, chairman and executive director of Ventive Hospitality Ltd.
“At Ventive Hospitality, we are committed to driving aggressive growth, enhancing stakeholder value, and redefining India’s hospitality landscape with globally benchmarked destinations. Our strategic partnership with Marriott International is a pivotal step towards this vision, delivering exceptional guest experiences and contributing to the industry’s growth. We’re excited about the opportunities ahead and look forward to a successful journey,” added Ranjit Batra, CEO, Ventive Hospitality Ltd.
Pottuvil, a Ritz-Carlton Reserve Located on Sri Lanka’s eastern coast, the property is expected to feature 73 villas with private decks and plunge pools. Amenities will include two specialty restaurants, a Ritz-Carlton Spa, fitness center, marine and wildlife center, water sports club and Ritz Kids Recreation Centre. Access options include a six-hour drive from Colombo or arrival by seaplane or charter flight.
JW Marriott Navi Mumbai The 450-room hotel will be located 10 km from the D.B. Patil Navi Mumbai International Airport. Plans include the JW Garden, five dining venues, 2,000 sq meters of event space, Spa by JW, an outdoor pool and a fitness center.
Varanasi Marriott Hotel will introduce the brand to Varanasi with 161 rooms, three dining outlets, M Club Lounge, a Quan Spa, fitness center and an outdoor pool. It will be located six minutes from the Lal Bahadur Shastri International Airport.
