Prestige Group Hospitality

Prestige Group Hospitality has built a strong reputation as a premier hospitality developer and hotel management company, partnering with leading global hotel brands. Known for its hands-on management approach, Prestige Group dedicates its resources to ensuring the success of its hospitality ventures.

As always, the high demand for Prestige Group's top-quality projects ensures that their properties, including those near key areas like Prestige Southern Star on Begur Road, will continue to thrive.

Currently, Prestige Group operates 9 hotels with a total of 1,486 keys across India. Additionally, there are 3 ongoing hotel projects, set to add 955 keys in major cities like Bengaluru and Delhi. These projects include:

Bengaluru:

• W Hotel - Prestige 13° North: 176 keys (100% Prestige share), expected to launch in FY 26.
• Moxy @ ORR (24 Tech): 108 keys (100% Prestige share), launching in FY 25.
• Marriott-Falcon City Ph2: 120 keys (60% Prestige share), 72 keys for Prestige, launching in FY 25.

Delhi:

• DIAL - Marriott Marquis: 590 keys (50% Prestige share), 295 keys for Prestige, set for completion in FY 26.
• DIAL - St Regis: 189 keys (50% Prestige share), 95 keys for Prestige, set for completion in FY 26.

In total, these ongoing projects will contribute 779 keys, with 390 keys under Prestige Group's ownership.

Looking ahead, Prestige Group has a pipeline of 11 upcoming hotels, with 2,128 keys across major cities in India. Here's a breakdown of the upcoming projects:

Chennai:

• MOXY - Chennai OMR: 125 keys (85% Prestige share), 106 keys for Prestige, launching in FY 25.

Goa:

• Autograph Collection: 124 keys (78% Prestige share), 96 keys for Prestige, launching in FY 25.
• JW Marriott @ South Goa: 309 keys (100% Prestige share), launching in FY 25.
• Tribute Portfolio @ Prestige Sea Scapes: 60 keys (51% Prestige share), 31 keys for Prestige, launching in FY 25.

Hassan:

• JW Marriott - The Plantation Estate: 200 keys (50% Prestige share), 100 keys for Prestige, launching in FY 25.

Hyderabad:

• Hospitality @ Budvel: 200 keys (60% Prestige share), 120 keys for Prestige, launching in FY 26.

Mumbai:

• Edition - Mumbai: 182 keys (100% Prestige share), launching in FY 25.
• Hospitality @ Jijamata Nagar: 500 keys (26% Prestige share), 128 keys for Prestige, launching in FY 26.
• Service Apartments @ Jijamata Nagar: 200 keys (26% Prestige share), 51 keys for Prestige, launching in FY 26.

These upcoming projects will increase Prestige Group’s portfolio with 2,128 new keys, contributing to a total of 4,569 keys across operating, under-construction, and upcoming properties. Out of these, 3,304 keys are under Prestige Group’s ownership.

Revenue Potential:

• Operating Hotels: 1,486 keys, generating Rs. 10,328 million in annual revenue, with Rs. 10,134 million from Prestige’s share.
• Under Construction: 955 keys, generating Rs. 7,902 million in revenue, with Rs. 4,722 million from Prestige’s share.
• Upcoming Hotels: 2,128 keys, generating Rs. 13,914 million in revenue, with Rs. 8,604 million from Prestige’s share.

In total, Prestige Group’s hospitality division is projected to generate Rs. 32,144 million in annual revenue, with Rs. 23,460 million coming from Prestige’s share. For the first half of FY25, revenue reached Rs. 4,150 million, with a Gross Operating Profit (GOP) of Rs. 1,826 million, translating to a GOP percentage of 44%.