• November 7, 2024

IHCL announces strategic partnership with CG Hospitality to expand portfolio in the Indian subcontinent

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced a strategicpartnership with CG Hospitality, extending its currentassociation of TAL Hotels & Resorts Limited and Taj Safaris Limited to achieve a portfolio of 25 hotels by 2025. Ekyam, theplatform will primarily pursue opportunities in destinations that offer adventure experiences across the Indian Ocean andGreater Himalayan regions and wildlife escapes.

Speaking on the occasion, Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL said, “IHCL has a long-standing association with CG Hospitality, a member of the renowned CG Corp Global for over two decades. We are delighted to announce that the next phase of this partnership will pursue accelerated growth in the Indian Subcontinent. This collaboration under the platform – Ekyam, will explore opportunities to manage hotels across regions around the Himalayas as well as Indian ocean and strengthen the wildlifesector.”

 

The current operating footprint in the Indian Sub-Continent and Middle East includes Taj Exotica Resort & Spa, Taj Coral ReefResort & Spa in Maldives, Taj Samudra, Colombo, Sri Lanka,Taj Jumeirah Lakes Towers, Dubai and Taj Safaris, the wildlifeluxury lodges in India and Nepal.

On this occasion, Rahul Chaudhary, MD of CGHospitality, said, ‘The platform will commence with the current portfolio of 11 operating hotels. CG Hospitality has invested over INR 1,250 crores in the operational and upcoming hotels thus far and is committed to onboard 14 more hotels under thispartnership.”

Dr. Binod Chaudhary, Chairman, CG Corp Global, said, “Weare proud of CG Hospitality’s partnership with Tata Group’s IHCL, spanning 25 years. This expansion underscores the confidence and trust we place in IHCL’s century old legacy whichis globally recognised as the benchmark in Indian hospitality.”

Taking forward the vision, Ram Maheshwari, Vice President Commercial will lead the platform to a portfolio of 25 hotelswith 2,500 rooms by 2025.

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