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Indian Hotels Company signs management contract with Skipping Stones

27 Dec 2019 Evaluate

Indian Hotels Company (IHCL) has signed a management contract with Skipping Stones for a 50-room Vivanta hotel in Gangtok, Sikkim. With this, the group will have its second property in the state. Taj Guras Kutir, Gangtok, was the first hotel in Sikkim signed by IHCL, which is currently under development. 

The hotel, spread over 3.5 acres, is located at Gangtok’s neighbouring town Pakyong and is a short drive from the new airport. It is a brownfield project which is slated to open in mid-2020.

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 744.90
ITC Hotels 159.80
Mahindra Holi.&Resor 198.65
EIH 295.65
Chalet Hotels 836.10
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