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Marriott Intl marks 100-hotel milestone in India, opens Sheraton Grand in Whitefield Bengaluru

Marriott to open 15 new hotels in India this year

Tuesday, April 3, 2018, 22:06 Hrs  [IST]
HBI staff | Bengaluru

Marriott International today opened their 100th hotel here making India the second country in the Asia Pacific to have this distinction. Developed by Prestige Group, a known real estate group with stakes in the city's hospitality infrastructure, Grand Sheraton Hotel and Convention Centre Bengaluru Whitefield is part of a large mix-use development called Prestige Shantiniketan. 

The 360-room hotel that includes 39 suites and 79 Sheraton Club Rooms, is also home to large meeting and banqueting facilities. A convention centre detached from the main hotel building with a capacity to host about 2,000 pax will be opened in a few months’ time. On the F&B side, the hotel offers a mix of six different restaurants and bars. The Sheraton Grand Bengaluru Whitefield also offers all signature brand offerings of the Sheraton brand like Sheraton Fitness, Shine Spa, etc.

Talking to the media after announcing the opening in Bengaluru, Arne M Sorenson, President & CEO, Marriott International, said that the number is less important compared to individual assets and how each hotel is able to deliver memories to both business and leisure guests. While thanking the Prestige Group for partnership, he said that at Marriott they ensure that such massive investments deliver best returns.

He informed that Marriott has 50 all-binding agreements in the pipeline while the company is tracking 50 additional opportunities across the country. He further added that 15 new openings are awaited in this year alone in India.

While answering to a question, he said that the occupancies for Marriott portfolio in India is 70% on a 12-month aggregate and the Indian business is largely dominated by domestic market to the tune of 60% with variance depending on the location.

When asked about the future opportunities, Neeraj Govil, Area VP, South Asia, Marriott International, said that they are expecting investment activity around Tier-II and Tier-III cities, and also proposed new airport destinations for select service and midmarket brands. He added that they are looking for partners to complete circuits in destinations like Kerala.

Irfan Razack, MD, Prestige Group, said that the hotel will add value to the social infrastructure of Whitefield as a micro-market as well as the city of Bengaluru. He added that the hotel was master-planned in the Shantiniketan development which has a captive market of 3.5m sq ft of IT offices with 40,000 people working with world-top companies. 

Marriott has 15 hotels under Management in the city of Bengaluru with 2 more openings awaited later this year.

 
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