The hotel, which currently operates 207 rooms, will form a part of the IHCL's SeleQtionsA portfolio - a collection of hotels and resorts with a distinct character. In addition to the 207 rooms, an additional 299 rooms which are currently under construction, will be added to the same complex under the Taj brand scheduled to open by the end of this year, the IHCL statement said.
"Iconic properties like Cidade de Goa under a management contract with Fomento Resorts and Hotels Ltd., promoted by the illustrious Timblo family will further strengthen IHCL's position as the most iconic and profitable hospitality company," Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said in the statement.
The Fomento Group are the promoters of Cidade de Goa.
Anju Timblo, Managing Director, Fomento Resorts and Hotels Ltd, said: "We are very excited with our partnership with IHCL, with its highly recognized portfolio of brands. With this association, Cidade de Goa and the new development will achieve its full potential and pave the way for a successful and mutually beneficial collaboration for many years to come. Together with IHCL, we look forward to promoting the 'Goanness' of Goa."
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