Marriott International Signs Landmark Seven-Hotel Deal with Ventive Hospitality

International

Marriott International, Inc. has signed a landmark agreement with Ventive Hospitality to develop seven new hotels across India and Sri Lanka, comprising 1,548 rooms across five distinct brands.

The multi-property deal includes several brand debuts and expands Marriott’s footprint in the region. Among the key highlights are the first-ever Ritz-Carlton Reserve in Sri Lanka, Marriott Hotels & Resorts in Varanasi, Courtyard by Marriott in Mundra (Gujarat), and Moxy Hotels in Pune. The agreement also includes a dual-branded property in Navi Mumbai, combining JW Marriott and Moxy.

Ventive Hospitality, a premier division of Panchshil Realty, is renowned for its visionary approach to hospitality development and asset management. Known for landmark projects in Pune and the Maldives, the company emphasizes sustainable practices and curated luxury experiences. All seven properties are expected to open in 2030.

The signing ceremony was attended by Rajeev Menon, President, Asia Pacific excluding China, Marriott International, and Atul Chordia, Chairman and Executive Director of Ventive Hospitality Ltd. Other senior leaders present included Ranju Alex, Regional Vice President, South Asia, Marriott International; Ranjit Batra, CEO of Ventive Hospitality; Kiran Andicot, SVP of Hotel Development, Marriott International; and Milind Wadekar, EVP Finance and Investor Relations, Ventive Hospitality.

Rajeev Menon commented: “Our growth strategy focuses on being where our guests want to travel. We’re thrilled to work with Panchshil Realty and Ventive Hospitality to bring these world-class experiences to life. We are especially excited to debut Ritz-Carlton Reserve in Sri Lanka—an ultra-luxury brand defined by exclusivity, immersion, and natural beauty.”

Atul Chordia added: “As we begin FY 2025–26, our first year post-listing, this strategic partnership marks a pivotal milestone. It deepens our two-decade-long relationship with Marriott International and positions us to expand India’s luxury and upscale hospitality market. By combining Marriott’s global expertise with our real estate acumen, we’re creating distinctive destinations that resonate with both business and leisure travelers.”

Ranjit Batra emphasized: “This collaboration is a step toward redefining India’s hospitality landscape. Our focus is on aggressive growth with global standards, delivering value to stakeholders and elevating guest experiences.”

Key Highlights of the New Properties

Pottuvil, Sri Lanka – Ritz-Carlton Reserve

This ultra-luxury retreat on Sri Lanka’s pristine eastern coast will feature 73 expansive villas nestled between the Indian Ocean and a coastal lagoon. Surrounded by mangroves and rich biodiversity, the Reserve will offer refined dining, a signature spa, a Marine and Wildlife Centre, and curated cultural experiences. Access is possible via a scenic six-hour drive from Colombo or by seaplane.

JW Marriott Navi Mumbai

Located just 10 km from the upcoming D.B. Patil Navi Mumbai International Airport, this hotel will offer 450 elegant rooms, a JW Garden, five dining venues, and 2,000 sqm of flexible event space. Wellness is central to the experience, with a Spa by JW, outdoor pool, and a modern fitness center.

Varanasi Marriott Hotel

Debuting in one of the world’s oldest cities, this hotel will offer 161 sophisticated guestrooms, three dining outlets, an M Club Lounge, a Quan spa, outdoor pool, and extensive meeting spaces. The property is just six minutes from Lal Bahadur Shastri International Airport.

Courtyard by Marriott Mundra

This 200-room hotel will serve both business and leisure travelers near Mundra Port in Gujarat. Features include an all-day dining restaurant, Café & Bar, spa, outdoor pool, fitness center, and spacious banqueting facilities. The nearest commercial airport is in Bhuj, approximately 1.5 hours away.

Expanding the Moxy Brand in India

Moxy Navi Mumbai

As part of a dual-branded property with JW Marriott Navi Mumbai, this playful 200-room hotel will feature the signature Moxy Bar, vibrant communal areas, two meeting rooms, and a fully equipped fitness center.

Moxy Pune Kharadi

Anticipated to offer 200 rooms, this hotel in Pune’s educational and IT hub will include buzzing social spaces, Bar Moxy, a full-service restaurant, gym, and two daylight-filled meeting rooms covering 350 sqm. Located 7 km from Pune International Airport.

Moxy Pune Wakad

Planned as a 264-key hotel in a mixed-use development project, this property will feature Bar Moxy, two meeting rooms, and a fitness center. Designed as a flexible space for both daytime work and evening socialization, the hotel is about an hour from the airport.

This agreement reflects Marriott’s commitment to expanding its portfolio in the Indian subcontinent and Ventive Hospitality’s ambition to deliver globally benchmarked hospitality experiences. Together, they aim to transform the luxury and lifestyle travel landscape in the region by 2030.