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IHG plans to operate 45 new hotels in India

IHG plans to operate 45 new hotels in India
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First Published: Thu, Oct 28 2010. 07 31 PM IST
Updated: Thu, Oct 28 2010. 07 31 PM IST
New Delhi: InterContinental Hotels Group (IHG) plans to operate 45 new hotels in India by 2015, taking its total capacity in the country to around 10,000 rooms.
IHG, which is world’s largest hotel group by number of rooms, operates 12 hotels in India at present. In its existing properties, it has around 3,000 rooms, said managing director, IHG Aisa Australasia Jan Smits on Thursday.
As part of its expansion IHG also announced the launch of its mid-scale hotel brand, Holiday Inn Express in India with the signing management contracts for six new under-construction hotels with Noida-based real estate developer Amrapali Group. There are now 2,101 Holiday Inn Express hotels operating globally. Another 501 such hotels are under construction.
The developer firm, under the tie up will develop six hotels at Noida, Greater Noida, Jaipur, Indore, Kochi and Patna. Announcing the launch, Jan Smits, managing director, IHG Asia Australasia said: “The room tariffs will fluctuate depending on location of the property. But the tariffs will be usually in the price band of Rs3,000-3,500 per night.”
Singed last year, Amrapali Group already has a contract with IHG for its Udaipur hotel. IHG will operate it luxury brand Crown Plaza from the city. Anil Sharma, chairman and managing, Amrapali Group said, “All the six hotels will be ready in the next 36-60 months period. The firm will invest around Rs1,000 crore to develop these projects.” Among the six hotels, the Greater Noida property would be the first that would be delivered.
“Looking at the growth potential of the tourism and hospitality sector in India, we want to explore the opportunity in the hospitality sector. Besides the six properties, we will also consider setting up hotels in Gaya and Raipur in future,” Sharma added.
Hospitality brands are increasingly managing hotels built by smaller real estate firms. Hotel chains such as Marriott International and Hilton Hotels have also signed deals with developers such as Prestige Leisure and Resorts Pvt. Ltd, Panchsheel Group, Nitesh Estates Ltd.
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First Published: Thu, Oct 28 2010. 07 31 PM IST