Brigade Hotel Ventures Management Guidance Tracker

11 forward-looking guidance items tracked across 3 quarters.

Capex

Q2 FY26Capex of INR 3,600 crores over 5 yearsTracked

Total capital expenditure of INR 3,600 crores planned to add ~1,700 keys, with phasing back-ended: ~60% in years 3-4.

Q3 FY26Capex of INR 500cr in FY27Tracked

For FY27, capex is expected to be approximately INR 500cr for the nine-hotel pipeline, with total capex of INR 3,600cr over 5 years.

Q4 FY26Capex of INR 3,600 Cr with 60% debt fundingTracked

Planned capital expenditure funded through borrowings (60%) and internal accruals (40%), with internal accruals expected to exceed INR 1,000 Cr over coming years.

Growth

Q2 FY26Mid-teens to high-teens ARR growth for next two quartersActive

Management expects to maintain ARR growth in mid-teens to high-teens for Q3 and Q4 FY26.

Q2 FY26RevPAR to remain in mid-teens in OctoberActive

Despite a slower October due to festivals, RevPAR is expected to stay in mid-teens growth.

Q3 FY26Mid-to-high teens RevPAR growth expectedActive

Management expects RevPAR growth in mid-to-high teens, driven by strong demand and limited supply in key micro markets.

Q4 FY26Portfolio ADR to exceed INR 10,000 by FY29 and INR 14,000 by FY31Tracked

Management projects average ADR to nearly double from current INR 7,500 as luxury properties ramp up.

Expansion

Q3 FY26Courtyard by Marriott Chennai operational in FY27Tracked

The 45-key Courtyard by Marriott at Chennai World Trade Center is expected to become operational in FY27.

Q3 FY26Three hotels to open in FY28Tracked

Two Fairfields and one Grand Hyatt Chennai are slated to become operational in FY28, with construction already started.

Q4 FY26Chennai Courtyard by Marriott opening in Q3 FY27Active

A 45-key hotel in Chennai World Trade Center, targeting second half of FY27.

Q4 FY26Kochi hotel upgrade to Courtyard by Marriott in Q1 FY27Active

Upgrading from Four Points to Courtyard brand, expected to drive double-digit ADR growth.