Indian Hotels Company (IHCL) has announced a strategic partnership with CG Hospitality to expand its hotel portfolio in the Indian sub-continent. The plan is to reach 25 hotels by 2025, with an investment of around Rs 4,000 crore. This portfolio will include 11 operating hotels with 900 rooms and another 14 properties under a new platform called ‘Ekyam’. The focus will be on destinations offering adventure experiences in the Indian Ocean and Greater Himalayan regions, as well as wildlife escapes. IHCL’s Managing Director and CEO, Puneet Chhatwal, shared this information with reporters. Indian Hotels Company (IHCL) has announced a strategic partnership with CG Hospitality to expand its hotel portfolio in the Indian sub-continent. The plan is to reach 25 hotels by 2025, with an investment of around Rs 4,000 crore. This portfolio will include 11 operating hotels with 900 rooms and another 14 properties under a new platform called ‘Ekyam’. The focus will be on destinations offering adventure experiences in the Indian Ocean and Greater Himalayan regions, as well as wildlife escapes. IHCL’s Managing Director and CEO, Puneet Chhatwal, shared this information with reporters.
Ram Maheshwari, IHCL’s Vice President Commercial, will lead the ‘Ekyam’ platform, Chhatwal added.
Our relationship with CG Hospitality, a member of the esteemed CG Corp Global for more than 20 years, is well-established. We are happy to declare that increased growth in the Indian subcontinent will be the focus of this partnership’s next phase.
“This collaboration under the platform — Ekyam — will explore opportunities to manage hotels across regions around the Himalayas as well as the Indian ocean and strengthen the wildlife sector,” Chhatwal stated.
He said that the total investment for this portfolio of 25 hotels totaling 2,500 rooms under the Ekyam platform would approach approximately Rs 4,000 crore.
source-Business standard
