Marriott International, Inc. and Prestige Group, today announced the signing of agreements to open six new hotels across India, underscoring both companies’ commitment to expanding in this dynamic country. Under these agreements, Prestige Group would build new hotels bearing the W, JW Marriott, Tribute Portfolio and Moxy brands across India’s Southern belt, representing nearly 1,000 rooms.
One of India’s largest real estate developers, Prestige Group, plans to build and open the W Bengaluru, Tribute Portfolio Resort Bengaluru, Tribute Portfolio Hotel Kochi Maradu, JW Marriott Bengaluru Prestige Golfshire Resort & Spa, Moxy Chennai and Moxy Bengaluru, all of which are expected to open between 2021 and 2025.
“This agreement marks a new chapter in our plan to expand in India, a critical growth market for Marriott International where we currently have 120 hotels across 16 brands. We are especially thrilled to have signed two Moxy locations – which will introduce our 17th brand in South Asia,” said Rajeev Menon, President, Asia Pacific (excluding Greater China), Marriott International. “By working with experienced hotel developer Prestige Group, we are confident that together we’re poised to change the hospitality landscape in India.”
“There are not many industries in the world that have the resilience and optimism of the hospitality sector in India,” said Irfan Razack, Chairman & Managing Director, Prestige Group. “The hotel industry has been one of the primary businesses driving the economic growth of the country. Projected to be worth INR 1,210.87 billion by 2023, the Indian hospitality sector today is witnessing an upward trend across mid-scale, upscale and luxury segments. Renewed interest in the sector from leading global investors and steady infrastructure development in metros as well as top cities are driving the demand. The future holds immense promise.”
“The Prestige Group is excited about working together with Marriott to explore new opportunities in the ever-evolving industry. We believe that strategic collaborations with the right partners facilitate dynamic disruptions. Given the improving economic environment and positive market sentiment, there couldn’t be a better time to tap into the tremendous growth opportunities that the Indian hospitality industry has to offer. With this signing, the Prestige Group is poised to become one of the largest hospitality players in India,” he added.
Set to debut in India, the Moxy brand targets next-gen Millennial travelers with its fun and playful service, buzzing social spaces, and stylish, tech-forward guest rooms. Combining style and affordability, this brand is unique in its youthful design aesthetics, thereby bringing a freshness to this space. The 125-room Moxy Chennai and 200-room Moxy Bengaluru are both slated to open in 2024.
Marriott and Prestige Group also expect to open the W Bengaluru in 2025. With 185 rooms, this hotel will continue to deliver the signature brand promise of Whatever/Whenever and break the norms of ‘traditional’ luxury with its eclectic offerings. This opening is expected to be India’s third W-branded property after W Goa and the anticipated opening of W Mumbai in 2022.
The companies also anticipate the 2022 opening of the JW Marriott Bengaluru Prestige Golfshire Resort & Spa, a 299-room resort, situated a 20-25-minute drive from the Kempegowda International Airport Bengaluru. Inspired by the principle of mindfulness and featuring touchpoints of the brand’s intentional and reflective focus, the hotel will be a luxury haven for the sophisticated and mindful traveler with its finely curated programming and intuitive hospitality.
Bounded by their indie spirit, Tribute Portfolio is a family of characterful, independent hotels with captivating design, vibrant social scenes and a sincerity in service that provides a sense of belonging for global travelers and locals alike. The 102-room Tribute Portfolio Resort Bengaluru is expected to open in 2021, and the 32-room Tribute Portfolio Hotel Kochi Maradu is scheduled to open in 2022. These Tribute Portfolio hotels will represent independent, boutique hotels offering travelers a unique blend of character-driven charm, sense of community and captivating design.
Together with the Prestige Group, Marriott International launched its 100th hotel in India in 2018 with the opening of the Sheraton Grand Bengaluru Whitefield Hotel & Convention Center. Prestige Group also owns the Aloft Bengaluru Cessna Business Park.
