Blackstone-backed Ventive Hospitality plans to double portfolio to 5,000 keys in 3-5 years

Blackstone and Panchshil Realty's joint venture, Ventive Hospitality, aims to double its portfolio to 5,000 keys within the next three to five years. The expansion will involve new constructions, acquisitions, and leveraging rights of first offer. Ventive's upcoming Rs 1,600 crore IPO will facilitate debt repayment and further growth opportunities.