US-based investment giant Blackstone is acquiring a 51–55% stake in the entity that owns the Ritz-Carlton Bengaluru, marking a high-profile entry into India’s luxury hospitality segment. The transaction, estimated at Rs 600–700 crore, values the 277-key five-star property between Rs 1,200 and Rs 1,400 crore, according to sources familiar with the deal.
The Ritz-Carlton Bengaluru, operated under the Marriott International brand, is one of India’s most iconic luxury hotels, located in the heart of the city’s central business district. Known for its curated experiences, architectural finesse, and elite clientele, the property has long been a flagship asset of Nitesh Land, the seller in this transaction.
This acquisition aligns with Blackstone’s broader strategy of expanding its footprint in India’s real estate and hospitality sectors. The firm has previously invested in commercial office parks, retail assets, and logistics hubs, and this deal adds a marquee hospitality trophy to its growing India portfolio.
Industry analysts view the move as a signal of rising institutional interest in operational luxury assets that offer both brand equity and long-term yield. With Bengaluru’s hospitality market rebounding and luxury travel on the rise, the timing appears strategic.
The Ritz-Carlton brand is expected to continue under Marriott’s management post-acquisition, ensuring continuity in service and positioning. The deal also reflects a growing trend of Indian developers monetizing premium assets to unlock capital and streamline portfolios.
Blackstone’s India playbook already includes stakes in Prestige Estates, Embassy Office Parks REIT, and Nexus Malls. With this move, the firm reinforces its commitment to India’s urban growth story and the evolving luxury consumer base.
