Prestige Group is gearing up to list its hotels business via a ₹4,000 crore IPO.
The deets: Prestige Group is a Bengaluru-based real estate giant with projects spanning residential, commercial, retail, and hospitality. Its hotel arm owns and operates premium properties like the Sheraton Grand in Whitefield, JW Marriott in Devanahalli, and Conrad under the Hilton umbrella.
The company is working with four investment banks, including Kotak Mahindra Capital and JM Financial, with a DRHP filing expected by month-end or early next.
The why: the funds will be used to develop new hotel properties & pare down existing debt
Big theme: amid global market volatility, especially post-Trump tariff tremors, hospitality and real estate are emerging as investor favourites. The sector is seen as safer, consumption-driven plays. India’s travel boom, led by millennials, is further fuelling this interest.
IPO rush in hospitality: India’s hospitality sector is drawing strong investor interest, fueled by the rising wave of travel and tourism, especially among young, experience-driven Indian consumers.
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- 🏙️ Brigade Hotel Ventures: Filed IPO papers
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- 🛎️ Juniper Hotels (Hyatt): Raised ₹1,800 crore; stock down 20%
- 🌟 Apeejay Surrendra Park Hotels: ₹920 crore; trading near issue price
- 🏩 SAMHI Hotels: ₹1,370 crore; stock up 40%
