Brigade Hotel Ventures Ltd. (BHVL), a wholly owned subsidiary of Brigade Enterprises Ltd., has announced the signing of the first ibis Styles in Mysuru, the cultural capital of Karnataka. Nestled in a prime location, this vibrant addition to Brigade Group's portfolio, is set to redefine hospitality with its playful design, contemporary amenities and a cosy stay experience.
Scheduled for opening in Q3 of 2024-25, ibis Styles Mysuru will offer 130 rooms, each with a unique character. The Food & Beverage offerings at the property will be designed to cater to diverse tastes, featuring an all-day dining restaurant, a specialty rooftop restaurant and a relaxing lounge bar.
Additionally, the hotel will offer a comprehensive range of amenities, including a 450sqm banquet space, a well-equipped fitness centre and a relaxing swimming pool.
Aniruddh Kumar, Vice President of Development, India & South Asia at Accor mentioned" Accor is pleased to continue to solidify its association with Brigade Group and presence in South India with the introduction of ibis Styles Mysuru. Upon its grand opening, guests exploring this culturally vibrant city can anticipate an authentic home-away-from-home experience within an innovative and welcoming environment."
Vineet Verma, Director Hospitality, Brigade Group added, "Collaborating with Accor on ibis Styles Mysuru marks yet another milestone in our exciting journey together. This will be our second hotel in Mysuru with Accor, the first being Grand Mercure Mysuru. Mysuru has seen a turnaround, post pandemic and with the commute from Bengaluru to Mysuru being reduced to under two hours, we have witnessed a noticeable increase in hospitality business. This gives us the confidence that our second hotel in the city will do equally well if not better. We aim to provide a welcoming haven that embraces the spirit of the city, offering a host of joyful experiences to our guests."
Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 847.30 as compared to the previous close of Rs. 871.55. The total number of shares traded during the day was 15788 in over 1345 trades.
The stock hit an intraday high of Rs. 869.95 and intraday low of 843.00. The net turnover during the day was Rs. 13445647.00.