Indian Hotels Company (IHCL) has signed framework agreement for 7 new Ginger hotels. The agreement marks a significant step in expanding the Ginger brand in key cities in north India.
The 7 hotel sites will comprise a mix of greenfield and brownfield developments. This partnership has commenced with the opening of 59-key Ginger Gurugram, Sector 1 in Palam Vihar in Gurugram, Haryana. The pipeline under this agreement will add over 1,000 keys across destinations including Jaipur, Agra, Mathura, Vrindavan, Hisar and Karnal through fully fitted lease arrangements.
Indian Hotels Company is India’s largest hospitality Company in South Asia and has been an industry pioneer for many decades. The company is primarily engaged in the business of owning, operating & managing hotels, palaces and resorts and air and institutional catering.
| Company Name | CMP |
|---|---|
| Indian Hotel | 653.30 |
| ITC Hotels | 161.85 |
| EIH | 319.75 |
| Chalet Hotels | 768.90 |
| Mahindra Holi.&Resor | 274.60 |
| View more.. | |
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