Bengaluru realtor Brigade in talks for strategic investment in hospitality

While Brigade plans to ramp up the number of operating keys in its hospitality business from 1,350 to 2,000 in 24-30 months, it is also looking to add keys beyond 2,000 in the longer run

In a bid to expand its presence in the hospitality sector, Bengaluru-based developer Brigade Enterprises Ltd is in talks with potential investors for a strategic investment, its chairman and managing director M R Jaishankar said on Wednesday.

"We have a strategic investment by Singapore government company GIC in the Brigade Group and are now looking at a strategic investment in the hospitality sector to take care of our future growth. Talks have been on for some time but are not fully concluded," said Jaishankar. The company's new hotel, launched in Gujarat International Finance Tec-City (GIFT City), will be managed by French