- Vedant developing Courtyard in Karnataka.
- The hotel is expected to open in 2030.
- It will have 2,000 square meters of event space.
The hotel will be in Bengaluru’s Defense and Aerospace Park, a 2,600-acre special economic zone developed by the Karnataka Industrial Area Development Board, according to Marriott. It will have access to National Highway 7 and Kempegowda International Airport.
It will have a restaurant with a bar, a fitness center, a spa, a swimming pool and about 2,000 square meters of indoor and outdoor meeting and banqueting space. It will cater to demand from the area’s hardware, aerospace and technology sectors.
“The signing of the largest Courtyard by Marriott in South Asia marks a key milestone for Marriott,” said Kiran Andicot, Marriott’s senior vice president of South Asia. “This new addition is poised to meet the evolving needs of Bengaluru’s thriving business and MICE sectors, offering an unparalleled stay experience at exceptional price points.”
Vedant is owned by Bengaluru-based Fairlark Group.
N. Madhava Raju, Fairlark managing director and CEO, said the signing marked Fairlark’s entry into the hospitality sector.
“We believe North Bengaluru’s Aerospace Park area is poised for significant growth, driven by its proximity to the international airport and the expanding aerospace, technology and business sectors,” Raju said.
Marriott posted a 9 percent increase in third-quarter net income to $794 million and raised its full-year RevPAR growth forecast to 4.5 to 5 percent.
