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Prestige Estates CEO Venkata Narayana K resigns

Prestige Estates CEO Venkata Narayana K resigns
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Prestige Group: Prestige Estate Projects set to double hospitality portfolio with Rs 1,700 crore investment

Prestige Estate Projects plans to double its hospitality portfolio over the next three to four years, investing Rs1700 crore. The company currently manages 1849 keys of hospitality assets across India, with the potential to generate revenue of Rs 1800 crore. The company is exploring new markets and expanding its portfolio in existing ones. The hospitality assets are generating an average occupancy rate of 70%, and the company is evaluating monetizing the portfolio to unlock value and alleviate cash flow stress. ....

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