Office Reits tap hospitality to strengthen integrated campus ecosystems
Office Reits tap hospitality to strengthen integrated campus ecosystems

News

Office Reits tap hospitality to strengthen integrated campus ecosystems

Office real estate investment trusts (Reits) in India are increasingly adding hotels to their “business park” portfolios as part of an integrated campus strategy rather than a diversification play.

Mindspace Reit, Embassy Reit, and Bagmane Reit are developing hospitality assets within their office ecosystems to support business travel, leadership visits, client engagements and corporate events, while improving tenant stickiness.

Mindspace said it followed a partnership-led model, developing the core shell, while operators such as Chalet Hotels manage fit-outs and operations, limiting operating risks.

Source: Business Standard

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