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Indian Hotels Company signs Vivanta hotel in Haridwar

16 Sep 2022 Evaluate

Indian Hotels Company (IHCL) has signed a Vivanta hotel in Haridwar, Uttarakhand. Located in SIDCUL, a key commercial area within the city, the existing hotel will be rebranded to Vivanta post upgradation. This is a management contract with Marvelous Infraestate.

Featuring 129 rooms and suites, the Vivanta hotel will be strategically located within SIDCUL – the State Industrial Development Corporation of Uttarakhand Limited, a vibrant industrial township, and BHEL. The hotel will offer multiple dining options including Mynt, the all-day dining restaurant; a bar and a deli. With recreational facilities including a swimming pool and gym, and banqueting facilities spread over 11,000 square feet, the hotel will be the ideal location for both, leisure and business travellers. The hotel is slated to open in 2023.  With the addition of this hotel, IHCL will have eight hotels in Uttarakhand including three under development.

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 732.25
ITC Hotels 158.85
Mahindra Holi.&Resor 198.85
EIH 318.00
Chalet Hotels 867.45
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