JV Ventures to invest $100-M in hospitality JV with Terminus Group

Investment management firm JV Ventures and Hyderabad-based real estate developer Terminus Group will jointly establish a USD 200 million (around INR 1,680 crore) hospitality development platform. The proposed platform, under the Madison brand, will see equal investment from both partners. The platform aims to focus on the development and management of mid-market branded luxury hotels across cities like Thiruvananthapuram, Visakhapatnam, Tirupati and Hyderabad. It plans to develop 25 assets encompassing more than 3,000 keys over the next five years.