IHCL STRENGTHENS ITS PRESENCE IN CHENNAI, SIGNS TWO HOTELS IN THE CITY

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a Vivanta and a Ginger hotel in Mahindra World City (MWC), Chennai. These greenfield projects will be developed on a 3-acre land parcel near the Kolavai Lake, in the heart of the integrated business city. 

Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, stated, “IHCL has been present in Chennai for over five decades. These signings are in line with our strategy of expanding our presence into emerging micro-markets of key metros. Such markets with planned industrial, residential and social infrastructure offer substantial opportunities for a multi brand hospitality development. Solidifying our presence in the city, both Vivanta and Ginger are well positioned to cater to the diverse demand of this integrated business city. We are delighted to partner with Dr. G P Subash for these projects.”

The 100-key Vivanta MWC will offer elegantly designed rooms and suites, an all-day diner and a specialty restaurant featuring a bar. A state-of-the-art wellness center with a gym and swimming pool, along with a versatile banquet space, will cater to both business and leisure travelers. Following its signature lean luxe philosophy, Ginger MWC will feature 200 contemporary rooms with a vibrant all-day dining cum bar and modern amenities like a gym and meeting facilities. 

Dr. G P Subash, Founder and Director, Asbri Energy, added, “We are excited to collaborate with IHCL to bring the Vivanta and Ginger brands to Mahindra World City in Chennai. With a unique blend of amenities and services, these new hotels will provide the perfect abode for business travelers and tourists alike.”

Mahindra World City is a business district spread across 1,550 acres within the influence zone of Chennai-Bengaluru Industrial Corridor and Chennai-Vizag Industrial Corridor. The development is a multi-sector Special Economic Zone and is also a major logistics hub catering to key industrial areas.

With the addition of these hotels, IHCL will have a presence of 22 hotels with 6 under development in Tamil Nadu.

IHCL STEPS INTO PUDUCHERRY, SIGNS A VIVANTA

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a new hotel in Puducherry. This Greenfield project will be branded a Vivanta.

Speaking on the occasion, Ms. Suma Venkatesh, Executive Vice President, Real Estate and Development, IHCL, said, “In recent years, Puducherry has emerged as a popular destination for both domestic and international travelers. This hotel will be a modern oasis in the heart of the charming former French colony. This strategic expansion aligns with IHCL's commitment to establishing its presence across key locations in India. We are delighted to partner with Mr. Ajay Virmani and Mr. Sandip Ganguli for this venture.”

The 85-key hotel will feature an all-day diner, a bar, a gym as well as treatment rooms for its wellness offering. The hotel will offer spacious meeting rooms and pre-function areas for corporate meetings and social gatherings. Inspired by Puducherry’s rich cultural tapestry, the hotel’s design will seamlessly blend modern aesthetics with the city’s French influences. The hotel’s strategic location will provide easy access to the city’s key attractions, allowing guests to immerse themselves in the local culture and experience the true essence of the city.

Mr. Ajay Virmani, and Mr. Sandip Ganguli of Auroma Soft Resorts and Hotels Pvt. Ltd. expressed, "We are delighted to collaborate with IHCL to introduce the Vivanta brand to Puducherry. This partnership will bring a fresh and exciting energy to the city, providing guests with a distinctive and exceptional stay."

Puducherry, a former French colony, boasts a unique blend of Indian and French cultures. Its picturesque promenade, stunning beaches, and historic French and Tamil heritage quarters make it a captivating destination for travelers looking for a fusion of heritage and natural beauty.

IHCL Announces A New Vivanta Hotel In Ujjain, Madhya Pradesh

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a new Vivanta hotel in Madhya Pradesh’s ancient pilgrim city of Ujjain. The hotel is a Greenfield project.

Speaking on the occasion, Ms. Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL, said, “This signing is in line with IHCL’s strategy of progressively establishing its presence at significant pilgrimage destinations across India. Ujjain, located along the Kshipra River, is known for its religious fairs and ancient temples. A short drive from Indore’s city centre, this will be our first hotel in the city. We are happy to associate with Phulwani Real Estate India Private Limited for this hotel.”

The 130-keys hotel is strategically located at a comfortable driving distance from Indore airport and is close to the renowned ‘Mahakal Corridor’. The hotel will feature an all-day diner, a swimming pool and a fitness centre. It will also offer a sophisticated banqueting space along with meeting rooms, perfect for both corporate gatherings and social events.

Mr. Jitendra Phulwani, Director, Phulwani Real Estate India Private Limited said, “We are delighted to collaborate with IHCL, India’s leading hospitality company. This hotel will provide guests with the distinctive experience of the spirited Vivanta brand in Ujjain.”

Ujjain is a prominent Hindu pilgrimage centre, known for the centuries-old Mahakaleshwar Temple, as well as hosting the famous Kumbh Mela every twelve years, where millions of devotees come to visit.

With the addition of this hotel, IHCL will have 12 hotels across Taj, SeleQtions, Vivanta and Ginger brands in Madhya Pradesh including 4 under development.

About Phulwani Real Estate India Private Limited

Phulwani Real Estate India Private Limited is promoted by Jitendra Phulwani, Mr. Manoj Phulwani, Mr. Bhushan Phulwani and Mrs. Rani Phulwani. Mr. Jitendra Phulwani and Mr. Bhushan are in business of perfumes in UAE. Mr. Manoj has a hardware business in Ujjain. Mrs. Rani Dhanani, their sister manages Accounts and Finance of the company and is also based in Ujjain. 

IHCL Announces The Signing Of A Seleqtions Hotel In Surat, Gujarat

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a hotel in Surat, Gujarat. The Greenfield project will be branded an IHCL- SeleQtions hotel.  

Commenting on the signing, Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL said, “This signing is aligned to IHCL’s vision to be present in key commercial cities across India. Surat is one of the major industrial hubs in the country. The recent upgrade of the Surat Airport to international status and its expansion will further boost the city’s economic growth. We are delighted to collaborate with Mr. Rishi Shah for this hotel.”

The 175-key hotel is strategically located on upscale Dumas Road, a comfortable drive from the airport and key business districts. The hotel will offer an all-day diner, a specialty restaurant, and recreational facilities including a swimming pool and a fitness centre. With an over 8000 sq. ft. spacious banquet hall, it will also have multiple conference and meeting rooms.           

Mr. Rishi Shah said, “We are excited to partner with IHCL, India’s leading hospitality company. This hotel is poised to meet the robust demand for branded accommodations in the city.”

Surat, situated on the banks of Tapti River is the second largest city of Gujarat, it is also known as the ‘Diamond City of India’.  

With the addition of this, IHCL will have 23 hotels across Taj, SeleQtions, Vivanta and Ginger brands in Gujarat including four under development.

About Mr. Rishi Shah

Mr Rishi Shah and his family have varied business interests. They are one of the largest dealers of Mercedes Benz in Gujarat. They also operate entertainment centres branded “Shott” in Ahmedabad and Surat. 

IHCL ANNOUNCES A 350 KEY TAJ HOTEL IN INDORE, MADHYA PRADESH

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a Taj hotel in Indore, Madhya Pradesh. The hotel is a Greenfield project and will be one of the largest convention facilities in Central India.

Commenting on the signing, Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL said, “This signing is in line with IHCL's strategic vision to expand its footprint across India's key business and leisure destinations. Indore, recognized as the commercial and financial capital of central India, is an ideal location for this expansion. With this new venture, we are proud to introduce our entire brand portfolio to the city. We are delighted to collaborate with Manikaran Commercials Private Limited for this hotel.”

The 350 keys hotel is situated along the new Super Corridor, a stone’s throw from important IT campuses and at comfortable driving distance from all major industrial hubs as well as leisure spots.   Guests can enjoy a variety of cuisines at the all-day dining restaurant, a specialty restaurant, a bar, and a lobby lounge. The property is set to offer an extensive range of leisure and recreational activities, including a swimming pool, a spa, a fitness center, as well as various sports and entertainment options. Additionally, the hotel is poised to become a leading convention center in Central India, offering approximately 50,000 square feet of versatile, cutting-edge banqueting and event spaces.          

Mr. Gurjeet Singh Chhabra (Pintu), Director and Mr. Rajesh Mehta, Director, Manikaran Commercials Private Limited said, “We are delighted to collaborate with IHCL, the foremost name in India's hospitality sector. This partnership will bring a Taj hotel to Indore, crowned as India's Strongest Brand in 2023, setting a new standard for luxury in the city.”

IHCL STRENGTHENS ITS PRESENCE IN KOLKATA WITH THE OPENING OF TAJ TAAL KUTIR

Indian Hotels Company (IHCL), India’s largest hospitality company, announces the opening of Taj Taal Kutir, Kolkata. Located in proximity to the Kolkata International Airport, hotel blends its colonial design with its contemporary setting in the smart city of New Town.

Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, said “Taj with a strong presence in Kolkata for over three decades now extends its offering with Taj Taal Kutir in New Town. With this addition, IHCL is addressing the growing demand of emerging micro-markets in the city. Serving as the gateway to East India, Kolkata holds immense commercial and tourism potential and we remain committed to growing our presence in the region. We are delighted to once again partner with Mr. Harshavardhan Neotia and the Ambuja Neotia Group.”

Overlooking the 100-acre lake in the Eco Park, Taj Taal Kutir offers 75 luxurious rooms and suites with colonial touches of high ceilings, vintage-style furniture, and sit-outs. Guests can enjoy their favourites at The Verandah, the all-day diner, indulge in the classic jazz & Gatsby era inspired bar – Rhyddim or choose to spend languid evenings at The Lakeview Lounge. Embrace wellness at the award-winning J Wellness Circle spa with its wide-ranging holistic practices rooted in the rich and healing traditions of India. The expansive banqueting and conferencing facilities spread across 50,000 sq. ft offer six venues ranging from 3,000 sq. ft. to over 12,000 sq. ft. It includes indoor and outdoor spaces with open to sky terraces, making it an ideal destination for grand social events and conferences.

Mr. Harshavardhan Neotia, Chairman, Ambuja Neotia Group said, “We take great pleasure in the inauguration of the Taj Taal Kutir, offering a luxurious getaway in Kolkata’s contemporary township of New Town juxtaposed with art-deco architecture reminiscent of a past era. Taj Taal Kutir is the newest addition to the portfolio of these boutique offerings which are called ‘Kutir’. It is the fifth in the series after Guras Kutir, Ganga Kutir, Raajkutir and Chia Kutir. We have taken yet another step forward in our partnership with IHCL, adding our third hotel in Kolkata.”

Kolkata, the ‘city of joy’ is an important commercial hub and is a blend of heritage, history and culture.

With this addition, IHCL will have six hotels across Taj, SeleQtions, Vivanta and Ginger brands in Kolkata including one under development.

About the Ambuja Neotia Group

Ambuja Neotia is a prominent and respected corporate house headquartered in Kolkata with its forte in real estate and recent forays into hospitality, healthcare, and education.

The company, under the stewardship of Mr. Harshavardhan Neotia has been responsible for landmark projects in and around Kolkata. Udayan, Kolkata’s first condoville built on the PPP (Public-Private Partnership) model made good living ‘affordable’ for the first time in the country and earned Shri Harshavardhan Neotia, the Padmashree in 1999. This was followed by several mini township projects and housing complexes in Kolkata, Durgapur, Burdwan and Siliguri.

With City Centre Salt Lake, the mall concept was revolutionised. Leisure destinations like The Fort Raichak and Ganga Kutir were created by the river Ganges. The Group also forayed into healthcare with the setting up of Bhagirathi Neotia Woman and Child Care Centre. Eco space Business Park was developed to give the city smarter, greener workspaces for better work-life balance. With the vision of imparting education that transforms students into leaders for global society, the Group embarked on a new journey with The Neotia University.

IHCL Financial Results

IHCL Expands Its Footprint In Sikkim, Opens Taj Guras Kutir Resort & Spa, Gangtok

Indian Hotels Company (IHCL), India’s largest hospitality company, announced the opening of Taj Guras Kutir Resort & Spa in Gangtok. The resort nestled in the alpine landscape of Sikkim is set amidst lush greenery and offers panoramic views of the majestic Kanchenjunga.

The Hon’ Chief Minister of Sikkim, Shri Prem Singh Tamang (Golay) graced the occasion with his presence. This grand inauguration ceremony was a momentous event, attended by prominent dignitaries.

Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL, said, "The launch of Taj Guras Kutir Resort & Spa in Gangtok demonstrates IHCL’s commitment to the commercial and tourism potential of the region. After Pakyong, the presence in Gangtok, strengthens our footprint in the charming state of Sikkim, and offers a new travel circuit. We are delighted to further our relationship with the Ambuja Neotia group.”

The 69-key resort sprawling over 14 acres is a serene hide out. The architecture emphasizes a strong sense of the indigenous culture and the resort is a blend of Sikkimese aesthetics and contemporary design. Bringing in the picturesque vistas of the outdoors, each of the spacious rooms features a unique Thangka, the local Buddhism inspired paintings. Taj Guras Kutir Resort & Spa offers a unique gastronomic experience to the patrons with its forest-themed, all-day diner Machan, a pan-Asian specialty, Soi & Sake and Guras Lounge & Bar serving Hi-tea and cocktails. The lavishly designed banquet and meeting rooms are ideal to host social soirees and corporate get-togethers. Guests can embrace wellbeing at J Wellness Circle, with its wide-ranging holistic practices rooted in the ancient wellness traditions of India. For those who relish entertainment, the resort also provides a dedicated games room.

Mr. Harshavardhan Neotia, Chairman, Ambuja Neotia Group, said, “Our continued and valued partnership with IHCL will introduce the world travellers to the lesser explored regions of North East India. We have embarked on a journey to bring bespoke design contexed to each location which is elegant, understated and luxurious. These boutique offerings are called ‘Kutir’! The Taj Guras Kutir is the fifth in the series after Ganga Kutir, Raaj Kutir, Taal Kutir and Chia Kutir.”

Situated in the Himalayan mountains, Sikkim offers unparalleled beauty and cultural richness. Trekking in the Himalayas, the serenity of a Buddhist monastery, or simply a respite from the chaos of urban life, Sikkim beckons.

With the addition of this hotel, IHCL will have 11 hotels with three under development in North East India. This includes three hotels across Taj, Vivanta and Ginger brands in Sikkim.

IHCL Announces The Opening Of Ginger At Paras One33 Noida, Sector 133

 Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the opening of Ginger Noida, at Paras One33 Noida, Sector 133. It is designed around the brand’s lean luxe design and service philosophy of offering its guests a vibrant, contemporary, and seamless hospitality experience.

Speaking on the occasion, Ms. Deepika Rao, Executive Vice President– New Businesses, Future Openings & Corporate Communications, IHCL, said, “The opening of Ginger Noida, Sector 133 adds to the brand’s dominant presence in Noida. This will be the fourth Ginger in the significant micro market of the National Capital Region (NCR).”

Strategically located at Paras One33 by Paras Buildtech in the heart of Noida, the 111 keys Ginger Noida, Sector 133, is close to the city’s prominent corporate hubs and multinational corporations, entertainment and shopping districts. Guests can savor delectable culinary delights at Qmin - the signature all-day diner, or maintain their fitness routine at the fitness center. It also features a 750sq. ft. spacious meeting room, blending work and comfort.

Noida, the epitome of urban development, is defined by its towering structures, expressways, numerous IT firms, landscaped parks, and flyovers. Boasting a plethora of tourist attractions, including amusement parks, street markets, art galleries, and gardens, Noida serves as a destination that equally caters to both work and leisure.

Ihcl Announces The Opening Of ‘wow Crest’, – An Ihcl Seleqtions Hotel In Indore, Madhya Pradesh

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the opening of WOW Crest, an IHCL SeleQtions hotel in Indore, Madhya Pradesh. Nestled in the heart of Indore, the hotel is a captivating gateway to a city adorned with tales of its rich history and vibrant present.

Ms. Deepika Rao, Executive Vice President– Hotel Openings and Corporate Communications, IHCL, said, “We are delighted to open the doors of WOW Crest – IHCL SeleQtions. This hotel marks the debut of the SeleQtions brand in Indore, an important commercial city. With this opening, IHCL is expanding in Madhya Pradesh and will now have all its brands present in the state.”    

The 125 keys hotel is located a short driving distance away from the Devi Ahilyabai Holkar Airport, the city’s industrial hubs and prominent landmarks. Its contemporary design is reflected in the hotel's elegant interiors and inviting décor of the rooms and suites. Guests can embark on a culinary adventure with an array of dining experiences. Constellation, the all-day diner features local and global favourites while Nazm offers North West Frontier cuisine. Enjoy small bites at the Al Fresco Dhuaan, relax at Twilight, the bar, or enjoy a pastry at Cake Me Up.

With exclusive meeting venues spread over 6,400 square feet catering to all guest needs, whether it's social gatherings, events, or intimate business meetings, makes WOW Crest an ideal destination for every occasion. Unwind after a busy day with a dip in the rooftop pool, or a fitness routine at the well-equipped gymnasium.

Mr. Vidish H. Mhatre, General Manager, WOW Crest, Indore – IHCL SeleQtions, said, “WOW Crest is a vibrant expression of Indore, perfectly complemented by our warm and attentive team, who will deliver personalized and immersive experiences. I am looking forward to welcoming guests.”

Indore, situated on the banks of river Saraswati is the financial capital of Madhya Pradesh and a major transit point for pilgrimage to the famous Mahakaleshwar temple in Ujjain.

IHCL Expands Its Presence In Uttarakhand, Signs A Seleqtions Hotel In Naukuchiatal

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a resort in Naukuchiatal, Uttarakhand. This is a conversion and will be rebranded an IHCL – SeleQtions hotel after extensive renovations and expansion.

L To R: Suma Venkatesh and Puneet Chhatwal (MD&CEO) of IHCL, Mukund Prasad and Vibhas Prasad of Leisure Hotels Group

Commenting on the signing, Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL said, “The signing of this hotel is in line with IHCL’s vision of expanding its presence in the leisure destinations. Naukuchiatal is a picturesque hill station in Uttarakhand’s lake district. Nestled amidst the Kumaon Himalayas it provides easy access to other popular hill stations in the state. We are delighted to strengthen our partnership with Leisure Hotels Group for our fifth hotel together.”

The 88-room resort, sprawled over 4 acres elegantly borders the famous Naukuchiatal Lake, offering panoramic views of the water and the scenic splendor of the Himalayan foothills. It will boast of a range of dining options, including an all-day diner, a bar, and a specialty restaurant on the decks overlooking the shimmering lake. The property also offers a swimming pool, spa, gymnasium, and spacious indoor and outdoor venues for social gatherings and corporate events. 

Vibhas Prasad, Director, Leisure Hotels Group said, “We are delighted to partner with IHCL for our fifth property. The company with its pioneering efforts has put many destinations on the global tourist map. This will bring Kumaon in Uttarakhand on the tourism circuit while fostering invaluable support to the local community. We believe it will transform the hospitality landscape in the region.”  

With the addition of this, IHCL has nine hotels across Taj, SeleQtions, Vivanta and Ginger brands in Uttarakhand including four under development

IHCL SIGNS ITS THIRD HOTEL IN INDORE, MADHYA PRADESH

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a SeleQtions branded hotel in Indore, Madhya Pradesh. The currently operational property will be rebranded SeleQtions.

Commenting on the signing, Ms. Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL said, “The signing of this hotel further strengthens our presence in the strategically important state of Madhya Pradesh. Indore, its financial capital lies in proximity to major industrial hubs and is home to several large IT parks. With the addition of this hotel, IHCL will have three of its brands in the city, which is in line with its commercial potential. The hotel is slated to open this fiscal after the quick conversion. We are delighted to partner with Winway Group for this project.”

The 125-keys hotel is situated in the heart of Indore’s commercial hub. Guests can enjoy a variety of global and local cuisines at the all-day dining restaurant, bar, and specialty restaurant. Recreational facilities will include a swimming pool and gym. The hotel will also offer state-of-the-art banqueting spaces spread over 6,400 square feet.

Mr. Sahil Wadhwani and Mr. Vansh Wadhwani, Partners,, Winway Group said, “We are delighted to bring the SeleQtions brand to Indore in partnership with IHCL. We believe this will transform the hospitality landscape in the city.”

Indore, on the banks of Kanh and Saraswati rivers is the most populous city in Madhya Pradesh. It has been consistently declared as India’s cleanest city. It is a major transit point for pilgrimage to Mahakaleshwar temple in Ujjain.

With this addition, IHCL has ten hotels across Taj, SeleQtions, Vivanta and Ginger brands in Madhya Pradesh including three under development.

About Winway Group

The Winway Group has interests in Real Estate, Residential, Corporate and Hospitality Projects in Indore. Promoted by the Wadhwani family, Winway Group has completed multiple projects such as WOW Hotel, Winway Hotel, real estate developments such as Winway World Offices, The Ambiance by Winway, The Winway Centre and Heaven Homes to name a few.

IHCL ANNOUNCES RECORD FINANCIAL RESULTS FOR Q4 AND FY 2022-23

IHCL ANNOUNCES RECORD FINANCIAL RESULTS FOR Q4 AND FY 2022-23

• FY23 REVENUE AT INR 5,949 CRORES, UP 85% YoY

• FY23 EBITDA MARGIN AT 32.7%, UP 1523 BPS YoY

• FY23 PAT AT INR 1,003 CRORES, OFFSETS COVID LOSSES

The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for the fourth quarter and full ending March 31st, 2023.

Commenting on the FY23 performance, Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, said, “IHCL achieved a record setting year with a number of significant accomplishments including the highest ever full year consolidated revenue, an all-time high and industry leading EBITDA margin and PAT of over INR 1,000 crores a historic first for the company. This performance was enabled by consecutive four quarters ofsustained high demand, additionally bolstered by IHCL demonstrating RevPAR leadership across its brandscape in all its key markets.

IHCL crossed 260+ hotels in its portfolio including 36 signings at a rate of 3 hotels a month and 16 openings or a new hotel every three weeks in the year. IHCL’s vast footprint now covers 31 States and Union Territories in India. We were also able to achieve an optimal 50:50 mix between our owned/leased and managed hotels.”

KEY HIGHLIGHTS

TAJ REACHES LANDMARK 100TH HOTEL MILESTONE

• The iconic brand Taj has reached a portfolio of 100 hotels and has more than doubled its room inventory over the past five years

• Key signings under the brand:

  • Taj Dhaka, a 230-room hotel in the capital city of Bangladesh

  • Taj Riyadh, a 205-room hotel in the heritage city of Diriyah in Saudi Arabia

  • Two Taj resorts in Lakshadweep, 110 room resort each on Suheli and Kadmat islands

  • Taj added to its presence with a hotel each in key cities of Chennai, Bengaluru and Cochin

  • Taj marked its entry to the state capitals of Raipur and Gandhinagar with a 150-room hotel and 118 room resort and spa respectively

• Opened three new Taj hotels across Kolkata, Wayanad and Jaipur and an addition to its palace portfolio with Sawai Man Mahal, Jaipur

• Taj continues to retain the dual honour of World’s Strongest Hotel Brand and India’s Strongest Brand as per Brand Finance Hotels 50 Report 2022 and India 100 Report 2022

RECORD PORTFOLIO GROWTH & ACHIEVES BALANCED PORTFOLIO

• With a record signing of 36 hotels in FY 2022-2023, IHCL portfolio now stands at 260+ hotels

• Achieved industry leading performance with 16 new hotel openings this fiscal. This included four hotels each under Taj and SeleQtions brands, three Vivanta and five Ginger branded hotels.

• In line with its initiative to restructure its portfolio under Ahvaan 2025, IHCL has attained a balanced portfolio mix between its owned/leased and managed hotels

REIMAGINED AND NEW BUSINESSES

• Ginger hotels has reported a turnaround in FY 2022-23, led by a 50% Lean Luxe portfolio, the company achieved Revenue of INR 307 crores, EBITDA margin of 37.4% and a PBT of INR 48 crores

• TajSATS captured a market share of 58% in FY 2022-23, clocking a Revenue of INR 641 crores a 53% growth over pre-Covid, EBITDA margin of 19.7% and a PBT of INR 107 crores

• Under the new businesses, Qmin has now grown to 34 outlets with a presence across 24 cities and amã Stays & Trails has witnessed a 42% growth in portfolio this fiscal reaching 114 bungalows across 50+ locations

DRIVING SUSTAINABLE BUSINESS

• Paathya - IHCL’s ESG+ framework, key highlights for the year include:

  • IHCL’S FLAGSHIP TAJ MAHAL PALACE, MUMBAI IS NOW 100% GREEN

  • 310 EV charging stations across 129 locations in India

  • 32.5% renewable energy and 42% water recycled usage across operating hotels

  • 20 hotels equipped with bottling plants to eliminate use of single use plastic bottles

  • 16 skilling centres across the country with a presence in Gwalior, Lucknow, Jaipur, Jamshedpur among others

NEWS | IHCL announces signing of Gorbandh Palace, Jaisalmer

With the addition of this hotel, IHCL will have 21 hotels across brands in Rajasthan including eight under development

The Indian Hotels Company (IHCL) announced the signing of Gorbandh Palace in Jaisalmer. The hotel will be converted into an IHCL SeleQtions hotel post comprehensive renovations. This hotel is in partnership with Historic Resort Hotels (HRH).

Commenting on the occasion, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “With the signing of this hotel, IHCL is stepping into another strategic location in Rajasthan. We will now complete the important tourist circuit of Jaipur-Jodhpur-Jaisalmer. We thank Shriji Arvind Singh Mewar for having reposed his trust in us for the third hotel in this partnership.”

The 83-key hotel is located in the heart of Jaisalmer, close to major tourist attractions. The yellow sandstone heritage hotel will have an all-day diner, bar, recreational facilities including a spa, a banquet hall and gardens for social and business gatherings. The hotel will shut down and undergo a complete renovation before it is launched under the SeleQtions brand in the second quarter of 2023.

Shriji Arvind Singh Mewar, CMD, HRH, said, “This is the 50th year of our very special relationship with IHCL, which commenced with Taj Lake Palace, Udaipur in 1971 and continued with Taj Fateh Prakash Palace, Udaipur. We strengthen our relationship with Gorbandh Palace, Jaisalmer. I am very confident that the company will enhance the tourism potential of Jaisalmer.”

Nicknamed ‘The Golden city’, Jaisalmer in the Thar desert, stands on a ridge and is crowned by the ancient Jaisalmer Fort. Many of the houses and temples of the fort and the town below are built of finely sculptured sandstone, which gives it a golden colour.

With the addition of this hotel, IHCL will have 21 hotels across brands in Rajasthan including eight under development.

IHCL reports Q1 revenue from operations at INR 345 cr; losses at INR 301.5 cr

IHCL reported revenue from operations of INR 344.55 crore for the quarter ended June this year, up from INR 144 crore in the corresponding period of the last fiscal. On a quarter on quarter basis though, it reported a 44 per cent fall in revenues.

It reported losses of INR 301.5 crore down from INR 313 crore in the corresponding period of the previous fiscal year. On a quarter-on-quarter basis, losses were up by 102 per cent.

IHCL said business for the quarter was severely impacted on account of the second wave and the chain witnessed softer revenues due to partial or complete lockdowns in several states of India.

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IHCL expands its presence in the East with Ambuja Neotia

Indian Hotels Company, (IHCL) has announced the signing of three Taj hotels – two in Kolkata, West Bengal and one in Patna, Bihar. These new hotels are in partnership with Ambuja Neotia Group, who have already partnered with IHCL for two other hotels in the East – Taj Chia Kutir, Darjeeling, West Bengal and Taj Guras Kutir in Gangtok, Sikkim.

Commenting on the signing, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “We are very committed to the Eastern part of India as we believe that it has tremendous potential. With the announcement today, we are further strengthening our footprint in the region and building on IHCL’s legacy in some of the most commercially and culturally important cities of the East. These signings also cement our relationship with the Ambuja Neotia Group.”

The Taj hotel at Ambuja City Centre, Kolkata is strategically located in close proximity of the airport and the Biswa Bangla Convention Centre, one of the largest convention centres in South Asia. The hotel, with 147 keys, has been in operation for over 10 years and is slated to undergo extensive refurbishments before it re-opens as a Taj hotel in 2021.

The Taj hotel at Eco Park, located in New Town, is a 57-room hotel overlooking Eco Park’s 112-acre water body. The resort hotel with state-of-the-art banqueting and convention facilities spread across 50,000 sq. ft. is slated to open in 2021.

IHCL, AB InBev launch first 7Rivers Brewpub in Bengaluru

Anheuser Busch Inbev (Ab InBev) and Tata-owned Indian Hotels Company (IHCL) have jointly opened their first microbrewery, 7Rivers Brewing Co, at the Taj property in Bengaluru, after a delay of six months due to Covid-19 led disruption that led to shuttering of bars till it reopened in September.

The microbrewery was in the making since the fourth quarter of last fiscal and original plan was to launch it in peak summer season which overlapped with the nationwide lockdown. Now, the world’s biggest brewer and country’s largest hospitality chain are banking on this pre-pandemic project to revive sales as both sectors have been hit hard amid travel curbs and negligible socializing.

Kartikeya Sharma, president-South Asia at AB InBev said, “People are sick and tired of being at home and drinking beer by themselves or virtually with friends. As government is easing the lockdown and more consumers aching to go out again, it was the right time to open up the venue.” Instead of selling draught versions of existing bottled beer brands, AB Inbev will brew new styles of craft beer at the brewpub.

Indian Hotels Company (IHCL) Announces A SeleQtions Hotel In Tadoba Andhari Tiger Reserve, Maharashtra

Indian Hotels Company (IHCL), South Asia's largest hospitality company, today announced the signing of a SeleQtions hotel in Tadoba Andhari Tiger Reserve, Maharashtra. This hotel is in partnership with Thriving Hotels Private Limited.

Commenting on the signing, Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL, said, "IHCL enters a new leisure destination with this hotel. Tadoba National Park is the oldest and the largest tiger reserve in Maharashtra. In addition to catering to customers seeking a wilderness experience, the scale of the hotel and its proximity to Nagpur airport will help to attract meetings and conferences. These hotels will complement the existing safari circuit within our portfolio. We are delighted to partner with Thriving Hotels in this project."

The 35-room hotel spread over 17 acres is strategically located at the outskirts of the Tadoba Andhari Tiger, in close proximity of three of the most accessible and popular gates to the National Park. With a distinctive design, the hotel will have all the facilities required to give guests a unique safari experience. This is a Greenfield project and is slated to open in 2022.

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IHCL launches Qmin to take Taj’s culinary experiences to every household

Indian Hotels Company (IHCL), South Asia’s largest hospitality company, announced the launch of Qmin. A repertoire of culinary experiences commencing with delivering dishes from your favorite restaurants in the comfort of your homes will be the first phase of the Qmin launch.

The Qmin mobile application is launched, today, followed by the gourmet Qmin Shop in August and the loyalty platform in September.

Guests can call the dedicated toll-free number 1800 266 7646 to place their orders. From July 25th, they can download the app on android and IOS mobile devices. 

For More Information Click Below :

bwhotelier.businessworld.in/amp/article/IHCL-launches-Qmin-to-take-Taj-s-culinary-experiences-to-every-household/25-06-2020-291125/

IHCL exceeds 1 million meals offered to healthcare providers and migrant workers

Indian Hotels Company (IHCL) announced that it had crossed the milestone of over 1 million meals distributed to healthcare providers and migrant workers affected by the spread of COVID-19 in Mumbai, New Delhi, Bangalore, Coimbatore and Agra.

The initiative which began on March 23 has been spearheaded by the Taj Public Service Welfare Trust (TPSWT), with majority of the meals being prepared by its airline catering company TajSATS.

Puneet Chhatwal, MD and CEO at IHC  said the milestone of 1 million meals distributed over the last 36 days of lockdown is a testament of the community’s trust in the company.

"We are grateful to have been given this opportunity to assist the medical fraternity, who make sacrifices every day to keep our country and citizens safe and help migrant workers who are facing one of the biggest humanitarian crises ever."

Through its programme, IHCL has partnered with BMC in Mumbai to offer over 3,30,000 meals to the medical fraternity at seven key hospitals/COVID-19 centres. In Bangalore, the company has provided over 9,500 meals to staff at Victoria Hospital and Epidemic Diseases Hospital in partnership with the Taj West End. While in New Delhi, IHCL has served over 85,000 meals to eight hospitals.

Since March 31, 2020, in partnership with Tata Son's - TPSWT has also provided over 5,75,000 meals to migrant workers in Mumbai