Brigade Group to invest Rs. 750cr to open up to 8 hotels by 2020.

Brigade Hospitality Services, a part of real estate developer Brigade Group, plans to invest around Rs. 750 crore to open up to eight new hotels by 2020.

The company partners international hospitality chains like the InterContinental Hotels Group and Accor is looking at cities, including Bangalore, Mysore and Chennai, for the new properties.

'We propose to invest between Rs. 650-750 crore in our upcoming six to eight hotels. This cost is exclusive of the land price,' Brigade Hospitality Services Ltd. CEO & Executive Director Vineet Verma told PTI.

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