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Indian Hotels Company signs new Taj hotel in Lucknow

14 Dec 2018 Evaluate

Indian Hotels Company (IHCL) in partnership with Luxus Hospitality, has signed a new Taj branded hotel in Lucknow. The hotel will comprise 185 guest rooms, an all-day diner, a specialty restaurant, a bar, a wellness area and banqueting facilities. The greenfield project is expected to open in 2022.

Presently, the company has two hotels in the city Taj Mahal Lucknow and Ginger Gomti Nagar.
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 743.00
ITC Hotels 161.35
Mahindra Holi.&Resor 201.65
EIH 301.55
Chalet Hotels 883.00
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