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Indian Hotels Company inks pact to set up Vivanta hotel in Nashik

11 Mar 2022 Evaluate

Indian Hotels Company (IHCL) has signed a management contract with Deepak Builders and Developers to set up Vivanta hotel in Nashik, Maharashtra, slated to open in 2023. The 144-room Vivanta hotel in Nashik is a brownfield project and will be part of a mixed-use development. The Vivanta hotel will be strategically located next to the Nashik Freeway and in close proximity to the city's IT zone as well as the upcoming metro station at Dwarka Circle. The signing of this hotel is in line with the company’s vision of strengthening its presence in key markets across India.

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 725.00
ITC Hotels 158.90
Mahindra Holi.&Resor 194.65
EIH 298.35
Chalet Hotels 842.25
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