Ventive Hospitality IPO Details: Launch Date, Share Price, Size & Review

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Business Profile of the Ventive Hospitality Limited

Ventive Hospitality is a hospitality asset owner focusing on luxury offerings across business and leisure segments. All its assets are operated by or franchised from global operators, including Marriott, Hilton, Minor, and Atmosphere. The company owns 11 operational hospitality assets in India and the Maldives, totaling 2,036 keys across the luxury, upper upscale, and upscale segments. The company, founded by Panchshil Realty, has grown significantly in its hospitality portfolio, from 83 keys in 2007 to 2,036 keys as of Sep 30, 2024. BRE Asia, an affiliate of Blackstone, acquired a 50% stake in the company in 2017.

The company has a strong track record in developing and acquiring hotel assets across various geographies and hospitality segments. The company’s in-house asset management team focuses on improving operational performance through increased occupancy rates, revenue generation, and cost efficiencies.

Issue Price & Size: Ventive Hospitality Limited IPO

The issue price of Ventive Hospitality Limited has been set for Rs. 610 to Rs. 643. The company only has fresh issue of Rs. 1600 crores.

Launch Date of Ventive Hospitality Limited IPO

The IPO opening date of Ventive Hospitality has been announced for December 20. The IPO will close on December 24, 2024.

Premium hospitality assets

Ventive hospitality portfolio includes luxury assets operated by global brands, including JW Marriott, Pune, and The Ritz-Carlton, Pune. These assets contributed to over 80% of company’s pro forma revenue from hotel operations and 58% of pro forma total income for the six months ended Sep 30, 2024. In India, these assets offer large-scale events spaces and award-winning F&B offerings, and are located near key transport and social infrastructure areas. The luxury and upper upscale hotels in Pune command an ARR premium to other properties within their respective markets on average in India and the Maldives, which is a testament to their superior asset quality, contemporary offerings, and customer experience.

The Indian hotel industry is dominated by chain-affiliated hotels, with the Maldives hospitality industry being dominated by chain-affiliated hotels.

Development & acquisition-led growth

Ventive hospitality operating portfolio comprises seven hospitality assets with 1,331 keys, Promoter, Promoter Group, and affiliates, and four hospitality assets with 705 keys acquired by them. The company has a 15-year track record in developing marquee hospitality assets, executing landmark acquisitions, and establishing a presence in desirable destinations across the Indian Ocean Region. Their hospitality assets are located in established business destinations, premium tourist destinations, and spiritual and cultural hubs. The company leverages deep knowledge of the hospitality sector to identify the appropriate operator and sub-brand for each asset, focusing on factors such as size, location, and anticipated demand across guest segments.

Promoters with global and local expertise

The Panchshil Group and BRE Group (Blackstone) are two prominent real estate companies in Pune, India. Panchshil Realty, a leading luxury real estate developer, contributes 28% of the completed Grade A commercial office stock and 16% of the upcoming commercial office supply. The company has developed over 31 msf of real estate across multiple asset classes, including hospitality, commercial, retail, luxury residential, and data centers. Blackstone, a global investment firm, has US$1.1 trillion of AUM and is the largest investor in hotels globally. The two companies have extensive experience in building or rebuilding leading companies and taking them public. Panchshil Realty and Blackstone have a ten-year partnership, with extensive experience in real estate, hospitality, and commercial projects.

Future strategies

  • Expand hospitality assets by increasing the number of keys across its portfolio to approx 2,403 keys in FY28.
  • Develop an 80-key villa-style luxury resort in Southeast Sri Lanka.
  • Organic growth through premiumization and guest satisfaction.
  • Increase occupancy through upsell programs, direct bookings, and strategic pricing.
  • Leverage prime locations and premium market standing through strategic pricing, customer segmentation, and targeted marketing efforts.
  • Optimize event spaces at its hospitality assets to diversify revenue sources and increase its share of revenue from food and beverage sales.
  • Promote spaces extensively to increase weekend occupancy rates and revenue through complementary offerings.
  • Deploy proactive asset management practices to increase the value and profitability of its assets

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