CPP Investments acquires 27% stake in Prestige Hospitality Ventures

Type: Investment · Technology: Hospitality · Country: India · Value: $309M · Announced: 2026-10-01

Canada Pension Plan Investment Board (CPP Investments) invested INR 30 billion ($309 million) to acquire approximately a 27 percent stake in Prestige Hospitality Ventures Ltd. (PHVL), the hospitality platform of Prestige Estates Projects Ltd. The capital will support PHVL's continued expansion across India, leveraging Prestige Group's established real estate platform. PHVL owns a portfolio of luxury and premium hotels in key gateway cities including Bengaluru, Chennai, Delhi, Goa, Hyderabad, and Mumbai. This marks CPP Investments' first direct investment in India's hospitality sector and builds on its growing exposure across the Asia Pacific region, including recent investments in Japan and Korea.

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