In Brief: IHCL announced that its portfolio has reached 628 hotels, including 373 in operation and a pipeline of 255.
-
Taj Skyscape Serviced Apartments, Noida – Image Credit IHCL
The Indian Hotels Company (IHCL) reported that its total portfolio now comprises 628 hotels, with 373 in operation and a pipeline of 255. This fiscal year, the company recorded 250 signings through both inorganic and organic growth, expanding its brand portfolio and increasing its presence in the midscale segment.
IHCL strengthened its position in the luxury segment by adding the Claridges Collection, a boutique luxury offering, and acquiring a controlling stake in Atmantan, an integrated wellness center, as well as Brij Hospitality in experiential leisure. In the midscale segment, Ginger expanded through the acquisition of majority stakes in ANK and Pride Hospitality, bringing its portfolio to more than 250 hotels across over 150 locations.
The company reported 19 signings under the Taj brand, including a hotel in Cairo, a 500-key hotel in Patna, and a hotel and branded residences in NOIDA. The Gateway brand reached a milestone with a portfolio of over 50 hotels.
IHCL opened more than 30 hotels this fiscal year, representing multiple brands. New markets entered include Lakshadweep, Ekta Nagar, Raichak, Kanpur, Vrindavan, and Bhutan. The company also strengthened its presence in Goa, Ahmedabad, Coorg, Kochi, Gurugram, Delhi, Varanasi, Udaipur, Haridwar, and Dehradun.
Acquisitions this year added over 100 operating hotels, bringing the total to 373, with more than 33,000 rooms this fiscal year.
IHCL is pursuing a goal of a 700-hotel portfolio under its Accelerate 2030 strategy.
