In a strategic move ahead of its planned ₹900 crore initial public offering (IPO), Brigade Hotel Ventures Ltd, a key player in South India's hospitality industry, has raised ₹126 crore from 360 ONE Alternates Asset Management through a pre-IPO equity placement.

The investment involved the allotment of 1.4 crore shares at ₹90 each, giving 360 ONE a 4.74% stake in the company's pre-issue equity base. This funding round signals strong institutional confidence in Brigade Hotel Ventures’ growth trajectory and IPO prospects.

According to its draft IPO documents, the Bengaluru-based firm plans to allocate ₹480 crore from the IPO proceeds to pare down debt, while ₹107 crore will be used to acquire new land parcels. The rest of the capital will support strategic acquisitions and expansion initiatives, both organically and inorganically.

Brigade Hotel Ventures, part of Brigade Enterprises, has been active in the hospitality business since 2004. It currently operates a portfolio of nine premium hotels spanning cities like Bengaluru, Chennai, Kochi, Mysuru, and GIFT City (Gujarat). The company manages 1,604 rooms, partnering with renowned global hospitality brands including Marriott, Accor (AAPC India), and InterContinental Hotels Group (IHG).

This pre-IPO fundraise strengthens the company’s financial position ahead of the public issue and underlines growing investor interest in India’s rebounding hospitality and real estate-backed sectors.