CapitaLand Investment Limited’s wholly owned lodging business unit, The Ascott Limited (Ascott), has announced the signing of a management agreement with Reliaable Developers for the development of new Oakwood branded hospitality property in Bengaluru. This is Ascott’s 4th property in Bengaluru. This strategic move represents Ascott’s commitment to redefine luxury and marks a strategic milestone in company’s expansion plans across India, offering an unparalleled experience for both business and leisure travellers.
The Management Agreement was facilitated with the involvement of M/s Raintree Partners. The announcement ceremony was graced in the presence of Mahendranath Reddy, Partner, Reliaable Developers and Serena Lim, Chief Growth Officer, Anand Rai, Assistant Director Business Development, both from Ascott International Management India Pvt Ltd.
Set to be operational in H1 2026, the property is strategically located in the bustling tech corridor of South-East Bengaluru nestled Electronic City and Sarjapur Road Tech Corridor. The property is planned to offer hybrid units, comprising hotel rooms and serviced residences. These accommodations feature a range of amenities including food & beverage offerings, versatile meetings and banqueting spaces, a gym, and swimming pool. This comprehensive set-up is designed to cater to the diverse needs of every guest, ensuring an unparalleled experience that seamlessly brands contemporary comforts with warmth of traditional Indian hospitality. The property’s strategic location makes it an ideal choice for both business and leisure travelers, providing easy access to key commercial districts, IT park and Industrial corridors in Bengaluru.
Commenting on the new property, Serena Lim, Chief Growth Officer, Ascott International Management India Pvt Ltd, expressed, “As Ascott’s Chief Growth Officer, I am thrilled to announce the signing of our fourth property in South-East tech corridor of Bengaluru. This strategic move is in response to the burgeoning demand from the bustling IT parks and industrial corridors in the area. Our newest property is perfectly situated to cater to the needs of modern professionals and business travelers alike. We are delighted to partner with Reliaable Developers, one of Bengaluru’s largest plotted layout developers, in this venture. Together, we are poised to offer unparalleled hospitality experiences in one of India’s most dynamic and vibrant cities.”
Speaking on the association, Mahendranath Reddy, Managing Partner, Reliaable Developers said, “Going forward, all our new projects will come in this format. There will be a hospitality section in all of our properties and the blend of luxury and affordability is going to take the experience a notch higher.”
