(Ms. Suma Venkatesh of IHCL with Mr. Rishi Shah)
TTT NEWS NETWORK
MUMBAI,7 MARCH 2024:
Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a hotel in Surat, Gujarat. The Greenfield project will be branded an IHCL- SeleQtions hotel.
Commenting on the signing, Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL said, “This signing is aligned to IHCL’s vision to be present in key commercial cities across India. Surat is one of the major industrial hubs in the country. The recent upgrade of the Surat Airport to international status and its expansion will further boost the city’s economic growth. We are delighted to collaborate with Mr. Rishi Shah for this hotel.”
The 175-key hotel is strategically located on upscale Dumas Road, a comfortable drive from the airport and key business districts. The hotel will offer an all-day diner, a specialty restaurant, and recreational facilities including a swimming pool and a fitness centre. With an over 8000 sq. ft. spacious banquet hall, it will also have multiple conference and meeting rooms.
Mr. Rishi Shah said, “We are excited to partner with IHCL, India’s leading hospitality company. This hotel is poised to meet the robust demand for branded accommodations in the city.”
Surat, situated on the banks of Tapti River is the second largest city of Gujarat, it is also known as the ‘Diamond City of India’.
With the addition of this, IHCL will have 23 hotels across Taj, SeleQtions, Vivanta and Ginger brands in Gujarat including four under development.
About Mr. Rishi Shah:
Mr Rishi Shah and his family have varied business interests. They are one of the largest dealers of Mercedes Benz in Gujarat. They also operate entertainment centres branded “Shott” in Ahmedabad 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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