HOTEL : IHCL ANNOUNCES ITS FIFTH HOTEL IN INDORE, MADHYA PRADESH

TTT NEWS NETWORK

MUMBAI, 9 MAY 2024:

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a new hotel in Indore, Madhya Pradesh. The brownfield project will be branded a Vivanta.

Speaking on the occasion, Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL said, “This signing is in line with IHCL’s vision to expand its footprint in leading commercial cities. Indore, the financial capital of Madhya Pradesh is located near large industrial hubs as well as important pilgrimage spots. With this addition, the company will step into new micro markets in the city. We are delighted to partner with Amaltas Palace Private Limited for this hotel.”

The 180 keys Vivanta Indore, spread over 2.3 acres is strategically located at a short driving distance from the Devi Ahilyabai Holkar International Airport and the central business district. The hotel will feature an all-day diner, a rooftop restaurant, and a bar. The recreation facilities will include a swimming pool and a fitness centre. It will also offer over 10,000 square feet of banqueting space for elegant social as well as corporate events.

Mr. Suresh Singh Bhadauria, Director, Amaltas Palace Private Limited said, “We are pleased to collaborate with IHCL, the leaders in India’s hospitality industry. This hotel will provide guests with the distinctive experiences of the Vivanta brand in Indore.”

Indore, lying on the banks of Kanh and Saraswati rivers is a thriving city in Madhya Pradesh. It has been consistently declared as India’s cleanest city. It is a major transit point for pilgrimage to Mahakaleshwar temple in Ujjain.

With the addition of this hotel, IHCL will have 12 hotels in Madhya Pradesh including 4 under development.

About Amaltas Palace Private Limited:

Amaltas Palace Private Limited owns and manages hotels across cities in Indore, Goa and New Delhi.The company also operates a variety of educational institutes via a reputed charitable trust.

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 311 hotels including 91 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.