Prestige Hospitality Ventures Ltd IPO

Portfolio of luxury, upper upscale and upper midscale Hospitality Assets in key business and leisure locations.

Demonstrated execution track record and active asset management capabilities.

Longstanding and established relationship with leading global hotel operators.

Diversified revenue streams.

We rely extensively on Marriott International for our Hospitality Assets operations. Five out of seven of our Operating Hospitality Assets are operated by Marriott International with revenue from sale of hospitality services of Hospitality Assets operated by Marriott International contributing to 69.12% and 63.26% of our total revenue from sale of hospitality services for the nine months ended December 31, 2024 and Fiscal Year 2024. Further, all three Ongoing Hospitality Assets and all nine Upcoming Hospitality Assets are to be operated by Marriott International. If agreements entered into with Marriott International (including the Acquisition Transaction Agreements) are not novated or assigned in our name, terminated, not renewed or modified in such a way as to be detrimental to us, or if there is any negative development with respect to Marriott International and its associate brands, our business, cash flows, results of operations and financial condition may be materially adversely affected.

Our business operations and total income are heavily dependent on the hospitality industry in India (total revenue from sale of hospitality services contributed to 65.42% and 77.66% of total income for the nine months ended December 31, 2024 and Fiscal 2024, respectively). Adverse developments in the hospitality industry may adversely affect our business, cash flows, results of operations, financial condition and prospects.

All of our Operating Hospitality Assets are located in Bengaluru, Karnataka. Any adverse developments affecting Bengaluru or our inability to complete our ongoing and upcoming projects in new markets could have an adverse effect on our business, cash flows, results of operations, financial condition and prospects.

Revenue from three out of our seven Operating Hospitality Assets (namely Sheraton Grand, JW Marriott Golfshire and Conrad, Bengaluru, Karnataka) in aggregate contributed to 79.30% and 77.68% of total revenue from sale of hospitality services for the nine months ended December 31, 2024 and Fiscal Year 2024. Any disruption in these Hospitality Assets would adversely affect our business, cash flows, results of operations, financial condition and prospects.