IHCL has continued its growth momentum, reaching a portfolio of 628 hotels with an industry leading pipeline of 255 hotels
Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, “This fiscal year marked a record of 250 signings through inorganic and sustained organic growth delivering an expanded brandscape and scaling our presence in the midscale segment. Reflective of the rising affluence and accompanying demand, we strengthened our presence in the luxury segment with the on boarding of Claridges Collection, a boutique luxury offering and acquisition of controlling stake in Atmantan, an integrated wellness centre and Brij hospitality in experiential leisure. Ginger leads the midscale segment with the acquisition of majority stake in ANK and Pride hospitality reaching a 250+ portfolio across 150+ locations.
She added, “IHCL demonstrated organic growth momentum across its brandscape with 19 signings in Taj including a hotel in Cairo, a 500-key hotel in Patna and a hotel and branded residences in NOIDA. The re-imagined Gateway reached a milestone portfolio of over 50 hotels.”
Deepika Rao, Executive Vice President – Hotel Openings & New Businesses, Indian Hotels Company Limited, added, “In line with our guidance, IHCL opened 30+ hotels this fiscal year, well represented across brands. Entering new markets of Lakshadweep, Ekta Nagar, Raichak, Kanpur, Vrindavan and Bhutan and strengthening our presence in Goa, Ahmedabad, Coorg, Kochi, Gurugram, Delhi, Varanasi, Udaipur, Haridwar and Dehradun.
She added, “Through acquisitions this year we added over 100 operating hotels taking IHCL’s operating hotels to 373 hotels with over 33,000 rooms this fiscal.”
IHCL is well poised to achieve its goal of a 700-hotel portfolio under its strategy – Accelerate 2030.
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