BRIGHOTEL

Feb 2 (Reuters) - Brigade Hotel Ventures Ltd BRIA.NS:

• BRIGADE HOTEL VENTURES LTD - SIGNS MOU WITH TAMIL NADU GOVERNMENT TO INVEST 11 BILLION RUPEES IN CHENNAI

Source text: ID:nNSE7VCtYh

Further company coverage: BRIA.NS

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** Shares of Indian hotel developer Brigade Hotel Ventures BRIA.NS rise 2.23% to 62.16 rupees

** Co's quarterly profit rises nearly 1.5x, rev from ops increases 11.6%

** Co expects growth to be led by existing hotels and ramp-up in select properties; strengthening portfolio with nine upcoming hotels in luxury and upscale segments - statement

** Both analysts covering the stock rate it "strong buy"; median PT is 113.50 rupees - LSEG

** Stock down ~7% so far in January

(Reporting by Abhirami G in Bengaluru)

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** Shares of Brigade Hotel Ventures BRIA.NS rise 0.5% to 83.93 rupees

** ICICI Securities initiates with "buy" rating, 117 rupees PT implying 43% upside to last close

** Brokerage highlights plans to 2x operational rooms by FY30 with 9 new hotels, 34 billion rupees ($385.09 million) capex

** Forecast 17% revenue, 20% EBITDA CAGR over FY25-28 on premium hotel ramp-up, margin expansion

** BRIA has strong growth potential as new high-end hotels open and start contributing more meaningfully to profits - ICICI Securities

** Says, co's valuation at around 20% discount to peers Lemon Tree LEMO.NS and Chalet Hotels CHAL.NS

** BRIA up around 3% since listing on July 31

($1 = 88.2900 Indian rupees)

(Reporting by Nishit Navin in Bengaluru)

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Aug 13 (Reuters) - Brigade Hotel Ventures BRIA.NS:

• SIGNS DEAL WITH MARRIOTT FOR SIX HOTELS

• PORTFOLIO TO ADD 940 KEYS ACROSS FIVE BRANDS IN INDIA

Source text: ID:nBSE8b82hz

Further company coverage: BRIA.NS

(Reporting by Rudra Singh)

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Aug 11 (Reuters) - Brigade Hotel Ventures Ltd BRIA.NS:

• JUNE-QUARTER PROFIT 71.6 MILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 1.24 BILLION RUPEES

Further company coverage: BRIA.NS

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