Tag Archives: Puneet Chhatwal

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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Indian Hotels Company appoints Puneet Chhatwal as its new CEO

Indian Hotels Company Limited (IHCL) has appointed Puneet Chhatwal as its new CEO. He was earlier the CEO of Deutsche Hospitality, which owns the Steigenburger chain of hotels in Europe, Middle East and Africa. Chhatwal reportedly said, “IHCL has some of the most iconic hotel properties in India and at key gateway locations across the world. I look forward to working with the talented teams at IHCL and under Mr. Chandrasekaran’s leadership to take this iconic company forward.” He will replace Rakesh Sarna who is stepping down with effect from September 30, 2017.  Chhatwal started his career with ITDC and was the Chief Development Officer of the Rezidor Hotel group, which owns the Radisson brand of hotels, before joining Deutsche Hospitality in 2012. Raj Rana, CEO, South Asia at Carlson Rezidor, reportedly said, “I welcome him back to the hospitality industry in India where he started his career.” Source: The Economic Times

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Deutsche Hospitality’s India plan: Open 20 hotels in 15 years

Deutsche Hospitality is very ambitious about the brand’s growth in the India market. In a recent interview, Puneet Chhatwal, CEO, Steigenberger Hotels AG, says, “We are very ambitious concerning our growth in the Indian market. In fact, we are already present there as partner in the joint venture ‘MBD Steigenberger,’ which is currently in process of being registered under Indian company law. Together with our Indian partner MBD group, India’s largest education and leading hospitality company, we are planning to open at least 20 hotels in India over the next 15 years. The first hotel will be in Bangalore.”

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The Steigenberger Hotel Group is now Deutsche Hospitality

Steigenberger Hotels AG is changing its brand architecture and consolidating its three hotel brands into one umbrella brand: Deutsche Hospitality. Puneet Chhatwal, CEO, Steigenberger Hotels AG, says, “These two words combine our German roots and our international vision. The new umbrella brand is a vital lever that will unleash dynamism, help us to expand internationally, and drive innovation.” Deutsche Hospitality unites three hotel brands under one name: Steigenberger Hotels and Resorts; Jaz in the City, and IntercityHotels. A total of 116 hotels in twelve countries and on three continents are part of the Deutsche Hospitality umbrella brand. 20 of these hotels are under construction or in the planning stage.

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