Six Continents Hotels, the owner of the Intercontinental, Holiday Inn and Crowne Plaza brands of hotels, is planning to add seven more hotels to its portfolio of 14 in India within the next few years.
While five new hotels would sport the Inter-Continental brand, the other two would be called Crowne Plaza. The company, at present, has three Inter-Continentals and only one Crowne Plaza in India.
"We are tying up with two hotels in Mumbai, two each in Bangalore and Chennai and one in Goa," chief operating executive of Six Continents (south west Asia) Daniel Desbaillets told newspersons. He was here to announce the conversion of Parkroyal hotel in Delhi to Parkroyal Inter-Continental.
The company plans to phase out the Parkroyal name from the hotel in the next few years, Parkroyal Inter-Continental general manager Michael D Horsburgh said.
While the company has not yet identified a partner in Bangalore and Chennai, it has tied up with the Lalit Suri-promoted Bharat Hotels for two hotels -- one each at Goa and Mumbai.
Intercontinental Hotel Corporation (IHC) had recently picked up a 12.5 per cent stake in the Ravi Ghai-promoted GL Hotels Ltd by pumping in $3 million to set up a five-star deluxe property in Mumbai at Marine Drive. It is the only case in India where the international chain has picked up an equity stake.
These three hotels would be operational by the year end, officials said.
In mid 2000, Bass Hotels, which owns five brands including Intercontinental, Crowne Plaza and Holiday Inn had bought the Australian chain SPHC which owned the Parkroyal brand. The chain then changed its name to Six Continents Hotels.
At present, six continents hotels operates 14 hotels in India both on franchise and management contract basis, Horsburgh said and added the new franchisee partner Parkroyal Inter-Continental will have access to the group's distribution systems, customised programs and reservation system.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
