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Indian Hotels opens The Connaught hotel after renovation

10 Nov 2020 Evaluate

Indian Hotels Company (IHCL) has opened The Connaught, a hotel under its SeleQtions brand, in New Delhi. The hospitality major had acquired 33 years licensing rights for The Connaught in an e-auction conducted by the New Delhi Municipal Council (NDMC) in June 2018.

The hotel features 104 rooms conceptualised by the globally-renowned Christian Lundwall of Lundwall Architects. According to the company, the cost of the renovation of the hotel is around Rs 80 crore.

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, midmarket 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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