IHCL signs 20 hotels for Q1 FY2027; eyes 700-hotel roadmap for 2030
IHCL Representative Image
The brand reached a portfolio of 645 hotels with over 66,000 keys.
Indian Hotels Company (IHCL) continues its growth momentum with the signing of 20 hotels in the first quarter of FY2027 reaching a portfolio of 645 hotels with an industry leading pipeline of 263 hotels. In the quarter, the company also opened 11 new hotels across its brandscape.
Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL said, “With a focus on our growth brands seventeen of the twenty signings this quarter were across Gateway, Ginger and Tree of Life. These included new destinations and emerging markets like Bharatpur, Trichy, Sindhudurg, Jawai, Wayanad and deeper penetration in established markets of Mumbai, Goa, Agra and Kolkata.”
She added, “Taj reached a milestone of 150 hotel portfolio with three signings this quarter growing its leisure footprint to Dharamshala, Barapani in Meghalaya and Kusur valley in Maharashtra.”
IHCL is poised to achieve its goal of a 700-hotel portfolio under its strategic roadmap, Accelerate 2030.
“This quarter, IHCL expanded its footprint with 11 hotel openings taking its operating portfolio to over 380 hotels across brands and markets. Internationally, the company strengthened its presence with the opening of Taj Hessischer Hof in Frankfurt and Taj Bush Lodge in Greater Kruger, South Africa. The SeleQtions portfolio grew with the addition of Ayodhayam in Ayodhya and Bandra House in Mumbai, while Gateway expanded its reach with a new hotel in Kandla. Ginger continued its growth momentum with openings in markets like Hyderabad, Agra, Kota, industrial town of Gadchiroli in Maharashtra and the historical city of Siwan in Bihar,” added Deepika Rao, Executive Vice President – Hotel Openings & New Businesses, IHCL.
