Indian Motels Firm (IHCL), India’s largest hospitality firm, continues on its progress momentum of portfolio growth in Q1 FY 2025 with 16 signings and 6 openings taking its whole portfolio to 326 lodges with an business main pipeline of 102 lodges.
Talking on the event Ms. Suma Venkatesh, Government Vice President – Actual Property & Growth, IHCL mentioned, “Quarter one signings are reflective of our growth technique of accelerating progress 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 properly represented throughout these 16 signings together with a robust response to the re-imagined Gateway model.”
IHCL’s PORTFOLIO AS ON 30TH JUNE 2024
|
Manufacturers
|
Working Motels
|
Pipeline Motels
|
Complete
|
|
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 – Lodge Openings & New Companies, IHCL added, “Our lodge openings within the first quarter have stored tempo with our steerage of two lodges a month, from foraying into new leisure locations with a 77 keys SeleQtions at Mahabaleshwar to being current in outstanding business hubs like Nagpur with an 86 keys Ginger lodge. We additionally added to our presence within the industrial metropolis of Jamshedpur with 94 keys Vivanta lodge.”
She added, “In step with IHCL’s asset administration technique of defending the management of its iconic lodges, Taj Malabar Resort & Spa, Cochin was reopened after a complete renovation.”