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Indian Hotels plans to open 19 new properties under Gateway Hotels brand

26 Aug 2013 Evaluate

As part of its expansion plan, Indian Hotels Company will open 19 new properties under ‘The Gateway Hotels and Resorts’ brand in four years. With this, the hospitality company will take the total tally of hotels under the brand to 42.

The Tata Group firm, which currently has around 2,200 rooms under the Gateway portfolio, will thereby add another 2,000 rooms to its present strength. The new hotels will come up at Kolkata, Raipur, Pune, Hyderabad, NCR, Corbett Park, Bangaluru and Gondia in Maharashtra, among others.

The Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and is recognized as one of Asia's largest and finest hotel company. IHCL operate in the luxury, premium, mid-market and value segments of the market. Ginger (economy hotels) is IHCL’s revolutionary concept in hospitality.

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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