Hilton Hotels & Resorts, a brand hotel and Hilton Garden Inn, another brand hotel will come up in Embassy Tech Village (ETV) as upcoming dual-branded hotels owned by Embassy REIT in Bangalore’s Outer Ring Road.
Global hospitality giant Hilton in conjunction with Embassy Office Parks REIT will develop over 500 rooms hotels in Bengaluru with an investment of Rs 850 crore.
Hilton Hotels & Resorts, a brand hotel, and Hilton Garden Inn, another brand hotel will come up in Embassy Tech Village (ETV) as upcoming dual-branded hotels owned by Embassy REIT in Bangalore’s Outer Ring Road. Hilton Hotels & Resorts and Hilton Garden Inn, jointly undertaken by both the companies, are expected to break even by 2023 with a recovery in the hotel industry.
The business park currently has around 7.3 million sq. ft. of existing office space, with 2 million sq. ft. under construction. The park hosts companies like Flipkart, JP Morgan, and Wells Fargo, amongst others.
The Hilton Hotels Embassy Manyata stands tall as one of the largest hotel complexes in the southern part of India and the biggest in the country. It covers approximately 60,000 square feet of convention space and a 13,000 square feet pillar-less grand ballroom that can accommodate up to 1,500 people.
“The opening of one of the largest hotel complexes in South India is a key milestone for Hilton as it ushers in a new era of post-pandemic travel. We are confident that the Hilton Hotels Embassy Manyata complex will signal the return of in-person events and emerge as the top preference for both leisure and business travellers as we continue to deliver exceptional experiences created through Hilton’s renowned hospitality. Furthermore, it strengthens our strategic partnership with Embassy REIT and our positive vision to create a sustainable hospitality experience,” Navjit Ahluwalia, Senior Vice President and Country Head of Hilton in India, said.
Embassy Office Parks REIT had acquired Embassy Tech Village through a ROFO agreement in 2021 from the affiliates of Embassy Sponsors, the Blackstone and Embassy Group for Rs 9,782 crore and completed the property’s integration.
”The opening of the Hilton Hotel and Convention Centre at Embassy Manyata creates a hospitality anchor at the entrance of one of the largest business parks in India. Embassy REIT’s partnership with Hilton continues to grow with the opening of this integrated complex which we are confident will emerge as Bengaluru’s brightest beacon of hospitality,” Michael Holland, CEO of Embassy Office Parks REIT.