Source: IHCL
- IHCL PORTFOLIO REACHES 550+ HOTELS AND ~ 55,000 ROOMS
- DOUBLES ITS MID SCALE PRESENCE TO 240+ HOTELS
- EXPANDS BRANDSCAPE WITH BRIJ HOTELS IN THE BOUTIQUE LEISURE SEGMENT
Indian Hotels Company (IHCL), India’s largest hospitality company, today entered into a strategic partnership, signing definitive agreements to acquirecontrolling stakein ANK Hotels Pvt Ltd and Pride Hospitality Pvt Ltd and signed a distribution agreement with Brij Hospitality Pvt Ltd. With many decades of hospitality experience, the promoters of these companies belong to the illustrious Clarks hotels family. This takes IHCL’s portfolio to over 550 hotels.
India’s hospitality sector has witnessed sustained demand momentum over last three consecutive fiscal years, reflective of the country’s growing economic prominence and rising discretionary spends. The outlook for the sector remains buoyant as demand outpaces supply and India continues to be an under-served hospitality market especially in the mid-market segment. Our partnership with ANK, Pride and Brij Hospitality is a multi-pronged approach addressing India’s heterogenous market landscape and is in line with IHCL’s five-year road map ‘Accelerate 2030’ of unlocking India’s tourism potential. Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL
He added, Furthering IHCL’s leading presence in the midscale segment with the successful transformation of Ginger, this partnership doubles our portfolio with 240+ hotels addressing the growing needs of the aspirational traveller. Expanding our brandscape, the strong brand equity of Brij hotels in India’s cultural and historical centres extends our offering in the experiential boutique luxury segment. With their rich legacy and hospitality expertise, the key managerial personnel of ANK, Pride and Brij Hospitality will continue to oversee the running of the respective companies, thereby providing business continuity and also enabling future growth of the companies.
ANK Hotels Pvt Ltd and Pride Hospitality Pvt Ltd have a portfolio of 135 hotels in the midscale segment spread across 110 locations and are presently operated under The Clarks Hotels & Resorts, which over the next few months will be integrated operationally and migrated to IHCL’s brandscape predominantly under the Ginger brand among others. These hotels are a on a capital light arrangement of management contracts and select operating leases. Brij Hospitality has a portfolio of 19 hotels in the experiential leisure segment in India’s unique destinations.
About The Indian Hotels Company Limited
The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for the most discerning travellers and ranked as World’s Strongest Hotel Brand 2024 and India’s Strongest Brand 2024 as per Brand Finance; SeleQtions, a named collection of hotels; Tree of Life, private escapes in tranquil settings; Vivanta, sophisticated upscale hotels; Gateway, full-service hotels designed to be your gateway to exceptional destinations and Ginger, which is revolutionising the lean luxe segment.
Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel – The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 360 hotels including 123 under development globally across 4 continents, 13 countries and in over 150+ locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is listed on the BSE and NSE.
Please visit: IHCL; Taj; SeleQtions; Tree of Life; Vivanta; Gateway; Ginger
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