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CG Hospitality signs pact with Indian Hotels Company

02 Dec 2019 Evaluate

CG Hospitality has signed a pact with Tata Group's Indian Hotels Company (IHCL), under which its property in Dubai will be managed by the Indian firm as Taj Jumeirah Lakes Towers. The soon-to-be-launched property will be CG Hospitality’s first hotel property in the region. This venture marks the strengthening of company’s bond and global partnership with IHCL. 

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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