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IHC’s arm -Taj Group to expand its presence in Sri Lanka

24 Jun 2013 Evaluate

Indian Hotel Company’s (IHC's) arm, Taj Group is planning to expand its presence in Sri Lanka, as it currently has three hotels in the country. It plans to set up a hotel at Trincomalee in the East. The entity has decided to introduce six new hotels, including one in Nuwara Eliya, famous for its tea gardens, and in Kandy, a city of historical and religious significance. IHC will set up and manage these hotels in partnership with investors.

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 888.25
ITC Hotels 174.45
Mahindra Holi.&Resor 197.05
EIH 311.35
Chalet Hotels 809.80
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