T3 site is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Log in Register

Login to your account

Don't have an account yet? Register now!
Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *

Signum Hotels and IPC IQI forms JV to develop 5000 keys

Signum Hotels & Resorts has announced a joint venture (JV) with real estate player IQI India. The JV committed an investment of USD 150 million in developing hotel assets across the country, and globally, over a period of 2 to 5 years.

The JV will capitalize on the opportunity to identify and acquire assets at competitive deals and aims to develop 5000 keys over a period of next 2-5 years. The expansion will be fueled through mergers, acquisitions and property investments across metros, tier 2 and 3 cities in India.

Addressing media at the event, Mehul Sharma, Founder & CEO, Signum Hotels & Resorts said: “We are pleased to be forming this strategic joint venture with IQI India to accelerate our expansion in the country where IQI brings in assets and Signum operates these assets. No hotel brand is successful without a real estate partner, and this joint venture will capitalize on IQI’s global real estate prowess to identify and develop the right assets.”

IQI India, is the India arm of the Global IPC IQI based in Malaysia having operations in 17 countries through PaMa D’Globizen.

Pankaz Jaiin, CMD, IQI India and Chairman PaMa D’Globizen said,”Our team experience of decades in the India Real Estate and Retail Market coupled with our access and network through more than 200 cities across India fosters our confidence in the Indian hospitality market and we are eyeing an aggressive expansion in commercial real estate segment. It is about time Bharat gets an experience that has been closely nestled in the urban India and at the same time open up the gateways of the real Bharat to the world to relish and capture in their selfie moments.”

Login to post comments

 

.

Informa Markets Travel Portfolio

  • slider-logo4.png
  • slider-logo1.png
  • slider-logo2.png
  • slider-logo3.png

  1. Events
  2. Webinars

ATM Dubai

From: 16 May 2021 To: 19 May 2021

Matka Helsinki

From: 19 May 2021 To: 23 May 2021

IPW Las Vegas

From: 18 Sep 2021 To: 22 Sep 2021
Webinar Archives
  1. Appointment