Indian Inns Firm (IHCL), India’s largest hospitality firm, continues on its development momentum of portfolio growth in Q1 FY 2025 with 16 signings and 6 openings taking its complete portfolio to 326 accommodations with an trade main pipeline of 102 accommodations.
Talking on the event Ms. Suma Venkatesh, Government Vice President – Actual Property & Growth, IHCL mentioned, “Quarter one signings are reflective of our improvement technique of accelerating development and sustaining management within the Indian sub-continent. We entered into agreements for brand new markets like a Taj in Kanpur and Panchkula and a Gateway in Sarnath and Barnala. We grew our presence with a number of manufacturers in current markets with signing of Tree of Life resorts in Gangtok and Srinagar, a Taj in Anjuna, Goa and Gateway in Sawai Madhopur.”
She added, “IHCL’s brandscape is effectively represented throughout these 16 signings together with a powerful response to the re-imagined Gateway model.”
IHCL’s PORTFOLIO AS ON 30TH JUNE 2024
|
Manufacturers
|
Working Inns
|
Pipeline Inns
|
Whole
|
|
Taj
|
81
|
33
|
114
|
|
SeleQtions
|
23
|
13
|
36
|
|
Tree of Life
|
16
|
16
|
|
|
Gateway
|
8
|
8
|
16
|
|
Vivanta
|
30
|
22
|
52
|
|
Ginger
|
66
|
26
|
92
|
|
TOTAL
|
224
|
102
|
326
|
Ms. Deepika Rao, Government Vice President – Resort Openings & New Companies, IHCL added, “Our resort openings within the first quarter have saved tempo with our steering of two accommodations a month, from foraying into new leisure locations with a 77 keys SeleQtions at Mahabaleshwar to being current in distinguished industrial hubs like Nagpur with an 86 keys Ginger resort. We additionally added to our presence within the industrial metropolis of Jamshedpur with 94 keys Vivanta resort.”
She added, “In step with IHCL’s asset administration technique of defending the management of its iconic accommodations, Taj Malabar Resort & Spa, Cochin was reopened after a complete renovation.”
