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Indian Hotels to open seven hotels in next two years

01 Sep 2017 Evaluate

Indian Hotels Company plans to open seven hotels in the next two years as part of its expansion plans going forward. The new properties to be opened by the company will add 581 rooms to its inventory. Out of the seven new properties, hotels at Rishikesh, Shimla and Tirupati will be under the Taj Hotels Palaces Resorts and Safaris brand and will follow management contract model. As on March 31, 2017 Taj Group had 134 hotels with 16,675 rooms.

Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, mid-market and value segments of the market.


Peers
Company Name CMP
The Indian Hotels Co 728.50
ITC Hotels 164.00
Mahindra Holi.&Resor 199.45
EIH 296.65
Chalet Hotels 895.40
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