(Ms. Suma Venkatesh of IHCL with Mr. Gurjeet Singh Chhabra (Pintu) and Mr. Rajesh Mehta of Manikaran Commercials Private Limited,)
TTT NEWS NETWORK
MUMBAI,13 March 2024:
Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a Taj hotel in Indore, Madhya Pradesh. The hotel is a Greenfield project and will be one of the largest convention facilities in Central India.
Commenting on the signing, Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL said, “This signing is in line with IHCL’s strategic vision to expand its footprint across India’s key business and leisure destinations. Indore, recognized as the commercial and financial capital of central India, is an ideal location for this expansion. With this new venture, we are proud to introduce our entire brand portfolio to the city. We are delighted to collaborate with Manikaran Commercials Private Limited for this hotel.”
The 350 keys hotel is situated along the new Super Corridor, a stone’s throw from important IT campuses and at comfortable driving distance from all major industrial hubs as well as leisure spots. Guests can enjoy a variety of cuisines at the all-day dining restaurant, a specialty restaurant, a bar, and a lobby lounge. The property is set to offer an extensive range of leisure and recreational activities, including a swimming pool, a spa, a fitness center, as well as various sports and entertainment options. Additionally, the hotel is poised to become a leading convention center in Central India, offering approximately 50,000 square feet of versatile, cutting-edge banqueting and event spaces.
Mr. Gurjeet Singh Chhabra (Pintu), Director and Mr. Rajesh Mehta, Director, Manikaran Commercials Private Limited said, “We are delighted to collaborate with IHCL, the foremost name in India’s hospitality sector. This partnership will bring a Taj hotel to Indore, crowned as India’s Strongest Brand in 2023, setting a new standard for luxury in the city.”
Indore, situated on the banks of rivers Kahn and Saraswati is Madhya Pradesh’s largest city. It is a major transit point for pilgrimage to the famous Mahakaleshwar temple in Ujjain.
With the addition of this hotel, IHCL will have 12 hotels across Taj, SeleQtions, Vivanta and Ginger brands in Madhya Pradesh including four under development.
About Manikaran Commercials Private Limited:
Manikaran Commercials Private Limited was incorporated in 2006 by two promoters – Mr. Gurjeet Singh Chhabra (Pintu) of C21 Group and Mr. Rajesh Mehta of BCM Group. Their core business is hospitality, retail and commercial real estate in Indore, Bengaluru and Surat.
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 India’s Strongest Brand 2023 as per Brand Finance; SeleQtions, a named collection of hotels; Vivanta, sophisticated upscale hotels; 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 306 hotels including 90 under development globally across 4 continents, 13 countries and in over 100 locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is primarily listed on the BSE and NSE.
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