Tag Archives: IHCL

Tata retains Delhi’s Taj Mansingh Hotel

Tata group’s Indian Hotels Company Limited (IHCL) has retained the iconic Taj Mansingh Hotel after an auction conducted by New Delhi Municipal Corporation (NDMC). “The lease for the property will be granted to the group for 33 years at double the license fees. IHCL will pay a license fee of Rs 7.03 crore per month including GST. Earlier, they were paying Rs 3.94 crore per month as license fee,” a senior NDMC official said. The other bidder in the auction held on September 28 was the ITC group of hotels . The Taj Mansingh was given to the IHCL in 1978 on a lease for 33 years, which ended in 2011. The company has been since given nine temporary extensions. Source: PTI

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IHCL expands presence in Nepal; signs new hotel in Kathmandu

The Indian Hotels Company Limited (IHCL) has announced the signing of a new Vivanta hotel in Kathmandu, marking the entry of the brand in the city. This will be IHCL’s second hotel in Nepal after Meghauli Serai in Chitwan National Park, a UNESCO World Heritage site. Commenting on the signing of this agreement, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, “We are honoured to partner with R&R Hotels and Resorts for this new hotel. Kathmandu is an extremely popular destination and this hotel will help us complete a tourist circuit with Meghauli Serai, our Taj Safari Lodge in Chitwan National Park.” The hotel will have approximately 111 spacious rooms and suites with a selection of rooms offering panoramic views of the city. The hotel will also include all-day dining and specialty restaurants, a bar, banqueting facilities and a spa. Commenting on the partnership, Rahul Chaudhary, Director, R&R Hotels and Resorts, said, “We have had a long standing association with IHCL for a range of hotels in multiple destinations. We are extremely proud to carry this relationship forward with the new Vivanta in Kathmandu.” Kathmandu has been at the centre of Nepal’s history, art, culture and economy. Some of the most popular attractions include the sacred and famous temple Pashupatinath, one of the biggest stupas in the world Boudhanath Stupa and Narayanhiti Palace Museum amongst others.  

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The Indian Hotels Company Limited (IHCL) signs fourth Taj Hotel in Dubai

The Indian Hotels Company Limited (IHCL) has announced the signing of a new Taj Hotel at Deira Creek in Dubai in partnership with Ithra Dubai, a wholly-owned subsidiary of Investment Corporation of Dubai (ICD). Puneet Chhatwal, Managing Director and CEO, IHCL said, “The Middle East is a significant market for IHCL. We are honoured to partner with Ithra Dubai for this new hotel in Deira – the historical and cultural centre of Dubai. IHCL has a long tradition of managing marquee hotels with rich heritage links across the world.” The new Taj hotel is a greenfield project slated to open in early 2022, conveniently positioned 15 minutes from Dubai International Airport. This hotel will be part of Deira Waterfront Development – one of Dubai’s most significant rejuvenation projects. An urban oasis, the hotel will have approximately 200 spacious rooms and suites with a selection of rooms cantilevered over the water, with scenic waterfront views. The hotel will include all-day dining and specialty restaurants, a bar and lounge, banqueting facilities and a spa. Issam Galadari, Chief Executive Director, Ithra Dubai, said, “We are delighted to partner with The Indian Hotels Company Limited and look forward to working with them to bring the iconic Taj brand to the Deira Waterfront Development in Dubai.” IHCL also operates Taj Dubai in downtown Business Bay and has two new hotels, Taj Jumeirah Lake Towers and Taj Exotica Resort & Spa, The Palm, Dubai opening in late 2018 and 2019 respectively

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IHCL signs second Ginger hotel in Vizag

The Indian Hotels Company Limited (IHCL) has signed a new Ginger hotel in Visakhapatnam. It will be Ginger’s second hotel in the city. Ginger Hotels’ portfolio has 45 operating hotels and seven hotels in the pipeline. The announcement reflects the company’s strategic domestic expansion to drive growth momentum. Deepika Rao, Managing Director and Chief Executive Officer, Roots Corporation said, “We are delighted to partner with SSR Builders in Visakhapatnam for this hotel. We are happy to expand our presence in Visakhapatnam, a key city in Andhra Pradesh.” The new Ginger in Visakhapatnam with 56 rooms, an all-day diner, meeting room and a fitness centre located at Gajuwaka amidst a commercial hub with close proximity to companies like Tata Motors, Nestle, BHEL, GAIL and many others. The hotel is slated to open mid-2019. IHCL has two other hotels in the city – The Gateway Hotel Beach Road Visakhapatnam and a 68-room Ginger hotel close to the Visakhapatnam railway station.    

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IHCL announces new Taj hotel in Lonavala

The Indian Hotels Company Limited (IHCL) has announced its new Taj Hotel in Lonavala after signing a management contract with Wilds and Water Developers, a part of the Kakade Group. The announcement strengthens its position of having the largest number of leisure hotels in the country. Suma Venkatesh, Executive Vice President, Real Estate & Development, IHCL said, “We are delighted to partner with the Kakade Group in bringing our latest leisure offering to Lonavala. Consolidating our presence across key leisure circuits has always been our focus and Lonavala presents the right opportunity as a getaway for travellers in and around Mumbai and Pune.” The Taj branded resort will be conveniently located with easy access through the Mumbai – Pune expressway. Nestled along the serene waters of Lake Pawana, amidst the picturesque hills, the sprawling address will span over 30 acres of land and include 150 guest rooms, an all-day diner, a specialty restaurant and a bar. Vikram Kakade,  Kakade Group said, “We are proud to partner with the iconic Taj brand and bring their famed hospitality to Lonavala. With this partnership we along with our development partner, David Lazarus aim to create a first-of-its kind Taj resort in Maharashtra, and provide a unique experience to our customers.” Lonavala is a tranquil small town that has emerged as a leading tourist destination in Maharashtra. A scenic hill station, it has for years been a favourite of travellers from Mumbai and Pune.

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IHCL announces its first Taj in Saudi Arabia

In a major milestone, The Indian Hotels Company Limited (IHCL) has announced its foray into the Holy City of Makkah, Saudi Arabia, with a partnership with Umm Al Qura Development and Construction Company in the prestigious King Abdul Aziz Road (KAAR) project, one of the largest urban rejuvenation projects in the city of Makkah. Commenting on the signing of this agreement, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “We are honoured to partner with Umm Al Qura Development and Construction Company in bringing the first Taj hotel to Saudi Arabia. This signing is aligned to our strategy of a strong focus on global growth markets and to be present where our guests travel to.” This hotel will be IHCL’s fourth venture in the MENA region. The company manages Taj Dubai located in the Burj Khalifa downtown area. It will also open another two hotels in Dubai in the next 12 to 18 months. The hotel, scheduled to open in January 2023, will have approximately 340 keys, banqueting facilities and several restaurants to serve all tastes. Commenting on the partnership, Eng. Mohammad Al Ganawi, Chief Executive Officer, Umm Al Qura Development and Construction Company said, “We look forward to working with them to bring the iconic Taj brand to the unique development project in Makkah.” As the birthplace of Prophet Muhammad (PBUH) and the site of his first revelation of the Quran, Makkah is the holiest city in the religion of Islam.

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Roots Corporation CEO Rahul Pandit resigns

Indian Hotels Co Ltd (IHCL) has announced that Rahul Pandit, MD and CEO, Roots Corporation, a subsidiary of IHCL that owns and manages Ginger Hotels, has resigned effective April 2, 2018 due to personal reasons. Pandit has been with the company for around three years. Puneet Chhatwal, Managing Director, IHCL and CEO, Roots Corporation, said, “The Board respects Pandit’s decision and thanks him for his leadership. During his tenure, Ginger expanded its portfolio  in line with the company’s growth strategy whilst achieving its highest customer satisfaction ratings . We wish him the very best with his endeavors. There is a stable leadership team in place at Roots Corporation and we will continue to pursue our aggressive plans for the company.” Pandit stated, “It has been an honour to lead Roots Corporation over the last few years. It was an exceptional learning experience which added value to my professional journey. I would like to thank my board members and colleagues for their support during my stint.”

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IHCL forays into Bhopal by signing a new hotel

Indian Hotels Company Limited (IHCL) has announced its foray into Bhopal with the signing of a new hotel – Vivanta Bhopal, through a management contract with Genex Hotels. This will be IHCL’s first hotel in Bhopal, expanding its presence across key state capitals and having a network of hotels in all the key commercial centres of India. Suma Venkatesh, Senior Vice President, Real Estate & Development, IHCL said, “We are delighted to partner with Genex Hotels for Vivanta Hotel in Bhopal. Consolidating presence in key capital cities is an important pillar of our domestic expansion strategy. With rapid urbanisation and growth, Bhopal offers immense potential for both leisure and business travellers.” Vivanta Bhopal will be located near Van Vihar National Park, a 25-minute drive from the Bhopal International Airport. Spread over four acres, the hotel will comprise 150 guest rooms and other features including multi-cuisine restaurants, recreation facilities, meeting spaces, conference rooms and large banqueting facilities. Commenting on the partnership, the spokesperson for Genex Hotels said, “We are proud to partner with IHCL and introduce the Vivanta brand to Bhopal. Through this association with the pioneers of the Indian hospitality industry, we aim to enhance the guest experience in line with the highest international standards.”

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Rakesh Sarna resigns as IHCL MD and CEO

Taj Group has announced that its Managing Director and Chief Executive Officer Rakesh Sarna has resigned owing to personal reasons. Sarna had joined Indian Hotels Company Limited as Managing Director and Chief Executive Officer on September 1, 2014. IHCL Chairman N. Chandrasekaran said Sarna had chosen to resign upon completion of his three-year tenure as MD and CEO, adding “The board respects his decision and has requested him to continue till September 30, which he has kindly agreed to”. IHCL runs the Taj Group of hotels. He had joined IHCL in September 2014 replacing the company’s long-serving head Raymond Bickson. Before he joined IHCL, Sarna was the Group President -Americas of Hyatt Hotels Corporation.

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