(Strengthens its Presence with Three Brands in the City)
(Mr. Puneet Chhatwal MD& CEO, IHCL and Ms. Shilpa Shorewala, Director, KM Vyapar Ltd)
TTT NEWS NETWORK
MUMBAI, 23 JANUARY 2024:
Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a third hotel in Ayodhya, Uttar Pradesh. The brownfield project will be branded as an IHCL SeleQtions hotel.
Commenting on the signing, Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL said, “This signing is in line with IHCL’s strategy to establish a significant presence in spiritual destinations. Ayodhya’s remarkable transformation to a world-class pilgrimage destination, marked by the inauguration of the Ram Janmabhoomi Mandir, is poised to draw an influx of tourists from around the world. This new hotel addition reflects our commitment to developing cultural circuits and itineraries, harnessing their tourism potential. IHCL will now offer three distinct brands in Ayodhya of about 400 rooms and we are delighted to collaborate with KM Vyapar Ltd for this SeleQtions hotel.”
The 150-key hotel, sprawled over 1.3 acres, is at a short driving distance from the upcoming Maryada Purushottam Shri Ram International Airport as well as popular tourist spots. It will feature a range of dining options, including an all-day diner. Other recreation facilities will include a spa, swimming pool, and fitness center. The hotel will also offer over 10,000 sq. ft of banqueting space, ideal to host social gatherings and corporate events.
Mr. Aditya Jhunjhunwala, Promoter, KM Vyapar Ltd said, “We are delighted to partner with IHCL, India’s leading hospitality company for this hotel. We are confident that the company, with its successful track record of pioneering new destinations, will contribute to the growth and enhancement of Ayodhya’s hospitality landscape.”
Located on the banks of River Saryu, Ayodhya in Uttar Pradesh is the birthplace of Lord Ram, one of the most revered deities in Hinduism. It is known for its ancient temples and is a popular pilgrimage destination.
With the addition of this, IHCL will have three hotels across SeleQtions, Vivanta and Ginger brands in Ayodhya.
About KM Vyapar:
KM Vyapar Ltd. and their associate companies have been operating sugar mills in Uttar Pradesh for four decades. They also operate two hotels in Ayodhya.
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 285 hotels including 85 under development globally across 4 continents, 12 countries and in over 100 locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is listed on the BSE and NSE.