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Indian Hotels Company’s Ginger signs new hotel in Uttar Pradesh

15 Nov 2019 Evaluate

Indian Hotels Company’s (IHCL) subsidiary -- Roots Corporation’s Ginger has signed a new hotel in city of Varanasi in Uttar Pradesh. The hotel is centrally located near the railway station. It will have 65 rooms, an all-day dining restaurant, a meeting room and a fitness centre.

The hotel is a fully fitted lease and is slated to commence operations in 2022. With the signing of this hotel, IHCL will have 3 hotels in Varanasi.

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 737.20
ITC Hotels 158.85
Mahindra Holi.&Resor 199.15
EIH 303.70
Chalet Hotels 872.55
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