TTT NEWS NETWORK
MUMBAI, 11 DECEMBER 2024:
Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a hotel in Rishikesh, Uttarakhand. This brownfield project will be branded as Gateway.
Speaking on the occasion, Ms. Suma Venkatesh, Executive Vice President – Real Estate and Development states, “Rishikesh is witnessing growth in cultural and adventure tourism, driven by improving infrastructure and connectivity. With this signing, IHCL will grow its presence in the destination with the addition of the re-imagined Gateway brand. We are delighted to partner with Mr. Mahanand Sharma for this project.”
Spread across 6 acres, the 125-key Gateway Rishikesh offers panoramic views of the Ganges river and the surrounding ghats. It will offer an all-day diner, specialty restaurant and the bar. Guests can relax and unwind at the spa, pool and at the state-of-the-art gym. The resort houses the destination’s largest banquet hall spanning over 8,000 sq. ft, catering to the increasing MICE demand in the region.
Mr. Mahanand Sharma said, “We are pleased to collaborate with IHCL. This resort will offer a distinctive experience, enhancing Rishikesh’s appeal as a premier leisure destination.”
Known as the ‘Yoga Capital of the World’, Rishikesh is a thriving blend of spirituality, wellness, and adventure. The destination serves as the gateway to the Char Dham pilgrimage circuit and offers a range of attractions, including Laxman Jhula, Triveni Ghat, and Neelkanth Mahadev Temple.
With the addition of this hotel, IHCL will have 16 hotels including 6 under development in Uttarakhand.
About Mr. Mahanand Sharma:
Mr. Mahanand Sharma is a seasoned hotelier with holdings across Tehri, Rishikesh, and Narendra Nagar.
About The Indian Hotels Company Limited (IHCL):
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 350 hotels including 118 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.
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