TTT NEWS NETWORK
MUMBAI, 30 APRIL 2024:
Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a Ginger branded hotel in Varanasi, Uttar Pradesh. The hotel is a Greenfield project on a fully fitted operating lease. It will be designed around the brand’s lean luxe design and service philosophy of offering a vibrant, contemporary, and seamless hospitality experience to its guests.
Speaking on the occasion, Ms Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL said, “This signing underscores IHCL’s steadfast dedication to Varanasi, one of the world’s oldest living cities with deep cultural and religious significance. This will be IHCL’s fourth hotel in the city. We are delighted to partner with Banaras Beads Export Private Limited for this Ginger hotel.”
The 101-key hotel is strategically positioned in Lahartara Phulwaria intersection, conveniently situated within easy reach of renowned tourist destinations like the Kashi Vishwanath temple. The hotel will feature Qmin, the signature all-day diner presenting a delightful array of global and local favorites. Additionally, it will offer modern amenities including a state-of-the-art fitness center and well-equipped meeting rooms.
Mrs. Shivani Gupta, Managing Director of Banaras Beads Export Private Limited, said.” We are excited to be associated with IHCL,India’s leading hospitality company. The introduction of this Ginger hotel will further enrich the city’s hospitality landscape,”
Nestled on the banks of river Ganges, Varanasi is one of Hinduism’s most revered cities, renowned for its picturesque ghats and venerable temples.
With the addition of this hotel, IHCL will have 23 hotels in Uttar Pradesh under Taj, SeleQtions,Vivanta and Ginger brands including 10 under development.
About Banaras Beads Export Private Limited:
Banaras Beads Exports Private Limited is a part of group of companies of Banaras Beads Limited. The company’s head office is located at Varanasi, headed by Chairman Mr. Ashok Kumar Gupta & CEO Mr. Siddharth Gupta.
It is an export house & largest producer of Beads in India established in 1940. With a presence in 80 countries, they are authorised vendors for leading retail chain stores in USA. They have business in real estate and warehousing in Varanasi as well.
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 310 hotels including 92 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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