MoneyWorks4Me

Indian Hotel Company’s arm Taj Group to open two hotels in China

30 May 2013 Evaluate

Indian Hotel Company’s (IHC's) arm, Taj Group is planning to open 'Taj' and 'Vivanta by Taj' in Kunming, the capital and largest city in the Yunnan province in South-West China. With this initiative, the entity aims to enable the hospitality major gain more than a toehold in the Chinese market. The company had signed an agreement with the Yunnan Tourism Company in January 2012 to construct, develop, operate and manage two hotels in the Kunming Expo Garden.

IHC, which runs the Taj Group of hotels, has decided to invest in a Taj Hotel, with approximately 200 rooms, and a Vivanta by Taj Hotel, with approximately 300 rooms, in the Kunming Expo Garden in the Yunnan province.

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
View more..