Joint Venture9 May 2024, 05:24 pm
Indian Hotels Company Announces Strategic Partnership with CG Hospitality, Plans to Expand Portfolio to 25 Hotels by 2025
AI Summary
The Indian Hotels Company Limited (IHCL) has announced a strategic partnership with CG Hospitality, with a goal to expand its current portfolio of TAL Hotels & Resorts Limited and Taj Safaris Limited to 25 hotels by 2025. The new partnership, named 'Ekyam', will primarily focus on adventure experiences and wildlife escapes, particularly in destinations around the Indian Ocean and the Greater Himalayan regions.
Key Highlights
- IHCL and CG Hospitality announce strategic partnership
- The partnership aims to expand IHCL's portfolio to 25 hotels by 2025
- Key focus areas: Wildlife and adventure travel experiences
- IHCL and CG Hospitality had a long-standing relationship for over two decades
- equation Capital invested INR 1,250 crores in the operational and upcoming hotels