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Omaxe enters into an agreement with IHG to open 150-room hotel

03 Sep 2013 Evaluate

Omaxe, the country’s leading real estate company, has entered into an agreement with global hospitality major InterContinental Hotels Group (IHG) to open a 150-room hotel under brand Holiday Inn in New Chandigarh. The hotel will offer international standard of accommodation and service to both business and leisure guests.

The hotel would be located in the 1,000-acre township developed by Omaxe in Sector 4B of the New Chandigarh, which is near Chandigarh. The hotel will be a part of a mixed-use development that includes commercial, retail and residential establishments.

Omaxe, one of the leading real estate companies in India, currently has a footprint in 9 states across 30 cities in India.

Peers
Company Name CMP
Lodha Developers 1162.00
Prestige EstatesProj 1473.00
Dilip Buildcon 412.40
DLF 680.50
Oberoi Realty 1850.05
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