Indian Hotels Company is all set to launch 12 new properties this year. These new launches include a 283-room Taj hotel near the domestic airport and a 250-room Vivanta by Taj hotel in New Delhi this year. These 12 properties would add about 1,500 rooms to the company’s global inventory, increasing its tally to about 17,000 rooms across 137 properties.
The new hotels would be launched under the company’s four brands Taj, Vivanta by Taj, Gateway and Ginger. The launches would be under various models viz. ownership, management contracts and joint ventures, according to an Indian Hotels Company presentation.
Last financial year, the company inaugurated seven properties (1,060 rooms overall), but did not launch any property under the Taj brand.
Company Name | CMP |
---|---|
Indian Hotel | 551.15 |
EIH | 484.15 |
Mahindra Holi.&Resor | 413.75 |
Chalet Hotels | 834.70 |
Lemon Tree Hotels | 146.60 |
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