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IHCL expands presence in Karnataka with signing of Vivanta Hotel

20 Sep 2019 Evaluate

Indian Hotels Company (IHCL) has signed a Vivanta hotel in Manipal, Udupi in the state of Karnataka. This hotel is a management contract with Harinath Builders & Developers, a sister concern of Ballal Developers. The proposed hotel will comprise 100 well-furnished guest rooms and will include an all-day dining restaurant, bar, a rooftop diner, recreation facilities and modern meeting spaces.

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 740.00
ITC Hotels 158.70
Mahindra Holi.&Resor 199.40
EIH 294.55
Chalet Hotels 839.75
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