Global investment firm Blackstone has acquired a majority stake of up to 55% in the company that owns The Ritz-Carlton Bengaluru, a move that highlights rising investor confidence in India’s premium hospitality sector. The transaction, valued between ₹1,200 crore and ₹1,400 crore, marks one of the biggest hotel deals in recent times.
The 277-room five-star property, located in the city’s central business district, is managed under the Ritz-Carlton brand of Marriott International. The hotel reported an EBITDA of around ₹105 crore for FY25, reflecting its strong operational performance. Developer Nitesh Land, which built the luxury property, will retain a 45–49% stake in the hotel-owning company even after the deal.
This acquisition follows the hotel’s earlier challenges, when Yes Bank initiated insolvency proceedings during the pandemic. The matter was later settled through mediation, with the Karnataka High Court overseeing the resolution. The new partnership with Blackstone is expected to provide financial stability and support the long-term growth of the property.
Industry experts see this transaction as a positive signal for India’s luxury hospitality segment, which has witnessed a strong recovery post-pandemic. Demand for high-end hotels has risen sharply, driven by increased business travel, tourism, and growth in the Meetings, Incentives, Conferences, and Exhibitions (MICE) segment.
For Blackstone, this deal strengthens its hospitality portfolio in India, aligning with its broader strategy to diversify across commercial, retail, and hotel assets. The firm has already made significant investments in Indian real estate and is reportedly exploring more premium hotel acquisitions in key cities like Bengaluru and Mumbai.
With global investors showing renewed interest, the acquisition of The Ritz-Carlton Bengaluru underscores India’s growing appeal as a destination for long-term hospitality investments.
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