Transaction Overview

Canada Pension Plan Investment Board (CPP Investments) announced a strategic investment of INR 30 billion (C$441 million) in Prestige Hospitality Ventures Limited (PHVL), the hospitality platform of Prestige Estates Projects Limited.

Investment Structure

  • CPP Investments will acquire approximately 27% stake in PHVL
  • Majority of the capital will support the platform's continued expansion
  • This represents CPP Investments' first direct investment in India's hospitality sector

Portfolio Details

PHVL owns a portfolio of luxury and premium hotels located in key gateway cities across India. The platform is positioned for future growth through a substantial development pipeline spanning:

  • Bengaluru
  • Chennai
  • Delhi
  • Goa
  • Hyderabad
  • Mumbai

Strategic Rationale

From Prestige Group Perspective

Irfan Razack, Chairman and Managing Director of Prestige Group, stated: "Hospitality is an important part of Prestige's long-term growth strategy, and we see significant opportunity to build a scaled, high-quality portfolio across India. We are pleased to welcome CPP Investments as a long-term partner in Prestige Hospitality Ventures. Their long-term investment approach complements our development capabilities and market understanding and together we look forward to creating a hospitality platform of scale while delivering distinctive experiences for our guests and long-term value for our stakeholders."

From CPP Investments Perspective

Hari Krishna, Head of Real Estate India & Mumbai Office Head at CPP Investments, stated: "We see compelling opportunities in India's hospitality sector, driven by rising travel and a demand for quality accommodation. Prestige has built a strong portfolio of assets across India and benefits from a robust pipeline built up by its established real estate platform. This investment offers an opportunity to participate in the sector's long-term growth through a well-positioned platform, while seeking to generate attractive risk-adjusted returns for CPP contributors and beneficiaries."

Context and Background

This investment builds on CPP Investments' growing hospitality exposure across Asia Pacific, including recent investments in Japan and Korea. CPP Investments manages the Canada Pension Plan Fund for over 22 million contributors and beneficiaries, with total funds of C$863.6 billion as of June 30, 2026.

Prestige Group is one of India's leading real estate developers with a legacy spanning four decades and a diversified portfolio including residential, commercial, retail, hospitality, and integrated township projects. As of June 2026, the Group has delivered 319 projects spanning 216 million sq. ft. and currently has a pipeline of 137 projects across 229 million sq. ft.

Media Contacts

  • CPP Investments: Connie Ling, Public Affairs & Communications (cling@cppib.com, T: +852 3959 3476)
  • Prestige Estates Projects Limited: Swagata Datta (PR@prestigeconstructions.com, T: +91 9100938693)