The sale of Gstaad Hotels’ premier asset, the JW Marriott Bengaluru on Vittal Mallya Road, is anticipated to generate close to ₹1,300 crore. The transaction is a component of the National Company Law Tribunal’s (NCLT) ongoing insolvency resolution procedure for the business.
More than 40 expressions of interest (EOIs) have reportedly been received from possible investors, including private equity firms, hotel operators, and real estate companies. Gstaad Hotels owns the property through a special purpose vehicle (SPV), and because of its well-known brand and advantageous position in Bengaluru, it has grown to be one of the most sought-after properties in the hospitality industry.
According to industry experts, the hotel is among the most valuable standalone hospitality assets in southern India, with an EBITDA over ₹100 crore in the most recent fiscal year. It is anticipated that the sale’s proceeds will be used to bolster the company’s financial position during bankruptcy proceedings and pay back creditors.
New insolvency timelines have already been accepted by the Committee of Creditors (CoC). The revised schedule includes the release of the information memorandum (IM), the request for resolution plans (RFRP), and the final list of potential resolution applicants (PRAs). In order to maximize recovery value for creditors, the resolution procedure seeks to guarantee an open and competitive bidding process.
The potential sale of JW Marriott Bengaluru marks a significant moment in India’s hospitality sector. It highlights the increasing investor interest in high-end hotel assets across metro cities and could pave the way for more strategic acquisitions and sale-leaseback deals in the near future. With Bengaluru continuing to be a strong business and tourism hub, the transaction could set a benchmark for large-scale hotel monetisation deals in the country.
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