Our hotels serve as a strategic amenity for our office occupiers in the business parks.

Raghu Sapra,
Assistant Vice President, Hospitality

Our hospitality assets enable us to meet our occupiers’ needs and represent less than 5% of our GAV, NOI and Distributions. This portfolio comprises four hotels totalling 1,096 keys. Of these, two hotels with 477 keys are operational and the rest are under development at Embassy Manyata (to be completed by Jun’22). These hotels contribute to our “total business ecosystem” offering and play a critical role in attracting corporate occupiers to our business parks.

Hilton at
Embassy GolfLinks

  • 247 Keys
  • 5-Star Hotel
  • Operational
  • 4Q Occupancy: c.51% (vs. c.62% in 3Q)
  • Occupancy in Jan’20 (Pre COVID-19): c.69%
  • 4Q ADR: `9,490
  • 4Q RevPAR: `4,797

Four Seasons at
Embassy One

  • 230 Keys
  • 5-Star Luxury Hotel
  • Operational
  • 4Q Occupancy: c.24% (vs. c.26% in 3Q)
  • Occupancy in Jan’20 (Pre COVID-19): c.36%
  • 4Q ADR: `9,393
  • 4Q RevPAR: `2,298

Hilton and Hilton Garden
Inn at Embassy Manyata

  • 619 Keys
  • 5-Star & 3-Star Hotel
  • Under Construction
  • Expected completion in Jun’22
  • 100k+ sf Retail and Convention Centre
  • ‘Best Hotel Architecture’ – by Asia Pacific Property Awards

Impact of COVID-19 is limited given hotels contribute <5% of Embassy REIT’s GAV,
NOI and Distributions.