Indian Hotels to stay the course on asset monetisation for growth

Hospitality chain says its needs 'see what we need and what we don't' as it goes on monetisation plan.

Indian Hotels will focus on monetising and unlocking value from its assets to earn profits as it follows a three-year plan called Avhaan 2025, said on Monday the hospitality arm of the Tata Group.

Indian Hotels Co Ltd (IHCL) will be part of efforts to simplify the holding structure of group companies as it follows chairman N Chandrasekaran’s 'S philosophy' of simplification, synergy and scalability.

“We are a 120-year-old company. We need to see what we need and what we don’t,” said Puneet Chhatwal, managing director and chief executive of IHCL. Non-core assets the company has identified include a land parcel in