Indian Hotels looks East, signs three-hotel deal with Ambuja Neotia Group

This and three other properties being developed by the Kolkata-based Group will enable IHCL to double the number of rooms to 2,000 in four years in a strategically important region for the company

Indian Hotels Company (IHCL) said on Monday it had signed a three-hotel deal with Ambuja Neotia Group as it seeks to make deeper inroads into eastern India. The new projects in eastern India include two in Kolkata and one in Patna. The Ambuja Neotia Group has outlined an investment of Rs 800 crore for the project. 

IHCL already has a partnership with the Ambuja Neotia Group for two other hotels in the east in Darjeeling, and Gangtok. These five projects will result in a total of 500 rooms. The properties are likely to be completed over the next two years.  

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