Chalet inks a Franchise Agreement with IHCL for the ‘Taj’ brand for the Airport Hotel at New Delhi

Mumbai | May 16, 2023: Chalet Airport Hotel Private Limited (Chalet) a wholly owned subsidiary of Chalet Hotels Limited signs a franchise agreement with IHCL (The Indian Hotels Company Limited) for the ‘Taj’ brand at the upcoming new luxury hotel at the Terminal 3 of Indira Gandhi International Airport, New Delhi.

The upcoming hotel is strategically located, a short walk from the Terminal 3 and 2, providing easy access to both domestic and international travellers.

The luxury hotel will feature ~400 state-of-the-art rooms and bespoke dining and conferencing facilities, welcoming domestic and international travellers, to the capital city of India.

“We are delighted to partner with IHCL for our upcoming hotel in New Delhi with signing of this Franchise agreement. It was a well thought out decision to choose the ‘Taj’ brand for

Mr. Sanjay Sethi, Managing Director & CEO, Chalet Hotels Limited,

this marque asset. We look forward to a grand opening of the Taj at the New Delhi Airport in a couple of years.”

"This signing is in line with IHCL’s vision to expand its footprint in gateway cities. The world-class Taj branded hotel at one of the busiest airports in Asia will be a significant addition to our portfolio in the National Capital Region (NCR). With this addition the Taj brand is now present in the country’s largest airports - Delhi, Mumbai and Bengaluru. We are delighted to partner with Chalet Airport Hotel Pvt. Ltd. for this hotel.”

Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL

About The Indian Hotels Company Limited:

The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for the most discerning travellers and ranked as the World’s Strongest Hotel Brand and India’s Strongest Brand as per Brand Finance Hotels 50 Report 2022 and India 100 Report 2022, respectively; SeleQtions, a named collection of hotels; Vivanta, sophisticated upscale hotels; and Ginger, which is revolutionising the lean luxe segment.

Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel - The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 263 hotels including 75 under development globally across 4 continents, 12 countries and in over 100 locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is primarily listed on the BSE and NSE.

Please visit: www.tajhotels.com

About Chalet Hotels

Chalet Hotels Limited (CHL), is an owner, developer, asset manager, and operator of high-end hotels and resorts in India. CHL portfolio comprises of eight operating hotels, including a hotel with a co-located serviced residence, which are situated across the markets of the Mumbai Metropolitan Region, Hyderabad, Bengaluru, Lonavala and Pune. Seven out of eight hotels are branded with globally recognized hospitality brands and are in the luxury, upper upscale and upscale segments. Three additional hotels at Hyderabad, New Delhi and Navi Mumbai, are under various stages of design and development. CHL uses its experience to actively manage the hotel assets and deliver industry leading operating performances. In addition, CHL has developed commercial assets, co-located with the hotels, a mixed-use strategy to sweat the real estate portfolio.

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