Page 2 - Ihcl

IHCL eyes strategic acquisitions to expand presence in key markets: MD

The country's biggest hospitality player Indian Hotels Company Limited (IHCL) is looking at forging strategic acquisitions to expand its presence in existing markets and enter select destinations in Europe and Southeast Asia, CEO and MD Puneet Chhatwal said. In an interview to PTI, he shared that the Tata Group-owned firm will not acquire more physical assets for its marquee brand the Taj and instead, opt for an operating contract arrangement. Large hospitality firms typically have a mix of owned as well as managed or operated properties in their portfolio. IHCL uses the terminology of asset light and asset heavy, with the latter denoting a physical asset it owns. As part of its 'Accelerate 2030' strategy unveiled earlier, IHCL has set a target of over 700 hotels in its portfolio by 2030. Asked if IHCL was looking at expansion in key markets globally and entering new markets via more strategic acquisitions, Chhatwal said, "Absolutely, we would be looking at it because we are a ...

IHCL signs agreement with Madison for 10 new hotels in South India

The Indian Hotels Company on Monday said it has signed an agreement with Madison, the hospitality platform of Terminus Group and JV Ventures, for ten new hotels to be operated under the Ginger brand spread across the southern states of India. Madison will invest approximately Rs 500 crore in the construction of ten hotels with over 1,000 keys within the next three years. The ten new hotel sites will primarily be greenfield and brownfield projects, and this partnership has commenced with the signing of a 75-key Ginger hotel in Genome Valley in Telangana, Indian Hotels Company (IHCL) said in a statement. This capital-light arrangement will be an operating lease agreement under the Ginger brand, it added. Ginger represents IHCL's strategic response to capitalise on the growing opportunity in the mid-scale segment in India for the aspirational traveller. The brand spans all city categories and destinations from metros, state capitals, commercial centres, industrial townships, pilgrima

IHCL to continue with acquisitions, eyes bigger share of spiritual tourism

IHCL to expand its midscale portfolio with Clarks Hotels rebrand, Tree of Life growth, and Brij Hospitality tie-up, targeting 700 hotels before 2030 and stronger pan-India presence

IHCL acquires 51% stake in firms operated under Clarks Hotels for ₹204 cr

IHCL to buy majority stakes in ANK Hotels and Pride Hospitality, operators of 135 Clarks Hotels & Resorts properties, to strengthen midscale presence across India

IHCL to buy stake in firms operating The Clarks Hotels & Resorts' brand

Tata Group-owned Indian Hotels Company Ltd (IHCL) on Monday said a committee constituted by its board has approved and executed agreements to acquire about 51 per cent stake each in two entities -- ANK Hotels and Pride Hospitality -- which have a portfolio of 135 hotels operated under 'The Clarks Hotels & Resorts' brand. The transactions to be executed via cash consideration are expected to be completed by November 15, 2025. The share subscription and purchase agreements and shareholders' agreements were executed to acquire about 51 per cent equity stake for an amount not exceeding Rs 110 crore in ANK Hotels Pvt Ltd, and Rs 94 crore in Pride Hospitality Pvt Ltd, according to a regulatory filing. "The foregoing companies have a portfolio of 135 hotels which are operated under 'The Clarks Hotels & Resorts', primarily across India, IHCL said. The country's biggest hospitality player has also signed a distribution & marketing agreement with 'Brij Hospitality Pvt Ltd', which ...

Taj parent expands partnership with Ambuja Neotia Group for 15 new hotels

Indian Hotels Company (IHCL) has entered into an agreement with Ambuja Neotia Group to establish 15 new hotels across multiple states, set to be completed over the next three to seven years.

Indian Hotels books another quarter in growth suite, sees steady growth

Travel rebound and fresh keys steady the quarter; weddings and lean supply keep growth checked in

IHCL Q1FY26 net profit rises 19% to ₹296 crore amid global flare-ups

IHCL posts Rs 296 crore Q1 profit and 32% rise in revenue, signs 12 hotels including wildlife lodges in Africa, targets 400-hotel milestone and future expansion

IHCL acquires additional stake in subsidiary ELEL Hotels for ₹165 crore

The acquisition was made at an issue price of ₹5,000 per share, the company said in a BSE filing

IHCL brands are growing, Ginger expanding fastest: N Chandrasekaran

At IHCL's AGM, chairman N Chandrasekaran says all brands are growing, led by Ginger; EBITDA margin at 35 per cent and goal set to double revenue by 2030

Rajasthan HC refuses IHCL plea on land use dues to Jai Mahal Palace Hotel

The court had also ordered an annual increase in the amount to be paid to Jai Mahal Palace Hotel if arbitration is delayed beyond May 2029

Tata group's IHCL records 25% higher net profit for Q4FY25 at Rs 522 crore

India's leading hospitality chain to invest over ₹1,200 crore in FY26

Tata Group's hospitality firm IHCL expands portfolio to 380 hotels in FY25

Tata Group hospitality firm Indian Hotels Company has increased its footprint to 380 hotels by launching properties at 100 new locations in FY2025. "IHCL in the last fiscal year has clocked a record 74 signings, resulting in an industry-leading pipeline of 137 hotels. This was enabled by IHCL's strong brand presence across market segments coupled with the sustained demand buoyancy," the company in a regulatory filing quoted its Executive Vice President - Real Estate & Development, Suma Venkatesh as saying. "IHCL opened 26 new hotels in FY25, with Ginger leading the way with 9 hotels across diverse markets including commercial centres of Nagpur and Coimbatore, industrial townships like Jamshedpur, leisure destinations like Srinagar, Udaipur and Diu as well as in state capitals of New Delhi and Goa," its Executive Vice President -- Hotel Openings & New Businesses -- Deepika Rao said. Incorporated by the Tata Group founder Jamsetji Tata, the company opened its first hotel - The ..

IHCL plans to add 4,500 rooms in FY26, introduces Claridges Collection

Tata group hospitality major Indian Hotels Company Ltd plans to add 4,500 rooms through over 30 new properties in the next fiscal as part of its ongoing expansion of having over 700 properties by 2030, its Managing Director and CEO Puneet Chhatwal said on Friday. The company, which introduced its new 'Claridges Collection' on Friday, plans to have over 20 properties by 2030 under the new boutique luxury hotels brand starting with the Claridges New Delhi; Connemera, Chennai; and Blue Diamond, Pune, Chhatwal told PTI here. "We opened 25 hotels in this year, and the next financial year it will be north of 30...We used to say, (we would open) two hotels a month...Now we are getting close to between 2.5 to 3 hotels a month. This is where we will be (in the next financial year) with 2.5 being the minimum (per month)," he said when asked about the company's expansion plans for 2025-26. On the number of rooms to be added through the new properties in FY26, Chhatwal said it could be around .

Tripura govt inks MoU with IHCL for development of Taj Pushpavanta Hotel

The Tripura government on Friday took a significant step in order to boost the tourism in the state by signing a Memorandum of Understanding (MoU) with the Indian Hotels Company Limited (IHCL) for the development of the Taj Pushpavanta Palace Hotel in presence of CM Manik Saha.The Taj Pushpavanta Palace Hotel is a five-star hotel with four exclusive rooms and a touch of the royal era.Taking to social media X, the CM in a post wrote, "A significant step towards boosting tourism in Tripura. Glad to be present during the signing of MoU between the Government of Tripura and Indian Hotels Company Ltd. (IHCL) for development of Taj Pushpavanta Palace Hotel.""This world-class 5-star hotel with four exclusive rooms & touch of royal era will be a milestone in the State's history, enabling the people from the world to know more about the Maharajas of Tripura," the post read.Earlier in the day, the CM flagged off district mobile forensic vans and stated that the initiative would aid in ...

IHCL signs first branded residences under Wellington Mews brand in UAE

The new properties are expected to be launched soon after Ramadan for an undisclosed amount, according to a company release

IHCL to invest Rs 2,500 crore to develop new 330-room property in Mumbai

The Tata Group-run Indian Hotels Company on Monday announced a Rs 2,500 crore investment to develop a new 330-room property in Mumbai. Construction of the new property, "Taj Bandstand," is set to begin this year and is expected to take over three years to complete, IHCL's Managing Director and Chief Executive Puneet Chhatwal said. The facility will create direct employment for 1,000 people, while the indirect ones like cab drivers etc will take the overall employment to over 7,000. The new property is coming up on a two-acre land parcel that once housed the Sea Rock Hotel, which was one of the sites bombed in 1993 serial blasts. IHCL bought the property for Rs 680 crore and demolished the structure completely. Chhatwal said the investment includes the cost of land and added that all necessary permissions for the development have been obtained, except for a few minor ones. A groundbreaking ceremony for the new hotel was held on Monday in the presence of Maharashtra's Chief Minister

Indian Hotels drops 4% on profit booking, rich valuations post strong Q3

Earlier in the day, the Indian Hotels share rose as much as 2.60 per cent to hit an intraday high of Rs 835 per share

Tourist hotspots have appetite for more offerings, says IHCL CEO & MD

IHCL's plans two offerings in Bahrain, Saudi Arabia each

IHCL plans to double its consolidated revenue, portfolio of hotels by 2030

Ankur Dalwani, executive vice president and chief financial officer, IHCL, stated that the company will continue to remain net cash positive