IHCL Expands Its Footprint In The National Capital Region (NCR) With The Signing Of A Vivanta Hotel In Greater Noida

Mumbai, April 16, 2019: The Indian Hotels Company Limited (IHCL), South Asia’s largest hospitality company, today announced the signing of a new Vivanta hotel in Greater Noida.

Commenting on the signing of this agreement, Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, and IHCL said “We are delighted to partner with the reputed Mahagun Group to expand our presence in Greater Noida. One of the most modern cities in India, Greater Noida is a commercial hub with presence of some of the world’s largest international companies. This signing is aligned to Aspiration 2022 with its focus on aggressive domestic growth.”

The new Vivanta branded hotel is a Greenfield project and will be a part of the landmark Mahagun Marina Walk - a large mixed use project with destination retail and commercial spaces. The hotel will comprise 261 spacious guest rooms and suites, a host of dining options, large meeting and banqueting facilities, fitness centre, spa and a temperature controlled swimming pool. It is ideally located close to the Yamuna Expressway. It is slated to open in 2023.

Commenting on the partnership, Mr. Amit Jain, Director, Mahagun Group said “We are proud to partner with The Indian Hotels Company Limited for a Vivanta branded hotel. It is befitting that one of the first hotels to come up in this part of Greater Noida is in association with the pioneers of Indian hospitality.”

With the addition of this hotel, IHCL will have a portfolio of 17 hotels across brands in the National Capital Region with an inventory of over 2600 rooms.

About Mahagun Group

Mahagun Group is a conglomerate of companies operating in residential and commercial Real Estate and hospitality sectors. The group is synonymous with development of icons in its current area of operations in Ghaziabad and Noida regions of NCR and has already delivered approx. 15.76 million sq. ft. covering the development of approx. 11,500 residential units, besides hotels and commercial spaces. The development of approx. 11.57million sq. ft. covering about 7,500 units is currently in progress.

About The Indian Hotels Company Limited (IHCL)

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 hallmark of iconic hospitality, SeleQtions, a named collection of hotels, Vivanta, sophisticated upscale hotels and Ginger which is revolutionizing 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 operates 179 hotels including 30 under development globally across 4 continents, 12 countries and in over 80 locations.

The Indian Hotels Company Limited (IHCL) is South Asia’s largest Indian hospitality company by market capitalization. It is primarily listed on the BSE and NSE.