Brigade Hotel Ventures Is A 'Buy' For ICICI Securities As It Initiates Coverage; Sees 43% Potential Upside

While Brigade Hotel Ventures is an asset owner, its hotels are operated by global marquee hospitality companies such as Marriott, Accor and InterContinental Hotels Group. Notably, Brigade Hotel Ventures, via these labels, caters to the upper upscale, upscale, upper-midscale and midscale segments.