IHCL continues its growth momentum, reaching a portfolio of 615 hotels and an industry-leading pipeline of 255 hotels
Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, “In line with Accelerate 2030, IHCL has expanded its brandscape with the recent acquisition of a controlling stake in Atmantan, marking our foray into the integrated wellness segment and entered into definitive agreements to acquire 51% stake in Brij, a boutique experiential leisure offering.”
She added, “The third quarter’s key signings included the iconic Taj growing its presence in metro cities of Bengaluru and NCR, strengthening its footprint in Sri Lanka and marking the brand’s debut in Egypt. Gateway, Tree of Life and Ginger witnessed sustained growth with signings in locations like Bengaluru, Panheli, Nashik, Gurugram and Ahmedabad, among others.”
Deepika Rao, Executive Vice President – Hotel Openings & New Businesses, IHCL added, “Our recent openings well represented the brandscape with Taj foraying in Bhutan at Paro and Phobjika, SeleQtions building presence in Mandawa, Nadiad and Varanasi, Brij in Bandhavgarh, Tree of Life in Sariska, Vivanta in Aluva, Cochin, Vivanta and Ginger in Ekta Nagar as well as Ginger in Ahmedabad and Gurugram. With these openings our operating hotels are now 360 with an inventory of over 32,000 rooms.”
IHCL is well poised to achieve its goal of a 700-hotel portfolio under its strategy – Accelerate 2030.
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