Indian Hotels Company Expands Portfolio to 628 Hotels

The Indian Hotels Company Limited (IHCL) has announced an expansion of its portfolio, reaching a total of 628 hotels. This includes 373 hotels currently in operation and a pipeline of 255 hotels. The company has achieved 250 signings this fiscal year through inorganic and organic growth strategies. This expansion is part of IHCL’s ongoing efforts to enhance its brand presence across various segments.

IHCL’s financial strategy involved acquisitions and signings that contributed to its expanded portfolio. The company acquired a controlling stake in Atmantan, an integrated wellness center, and Brij hospitality in the experiential leisure sector. Additionally, IHCL strengthened its midscale segment with the acquisition of a majority stake in ANK and Pride hospitality, resulting in a portfolio of over 250 hotels across more than 150 locations.

The operational scope of IHCL’s expansion includes significant growth in both luxury and midscale segments. The company onboarded the Claridges Collection, a boutique luxury offering, and expanded its presence in the midscale segment through its Ginger brand. IHCL also demonstrated organic growth with 19 signings under the Taj brand, including a hotel in Cairo and a 500-key hotel in Patna. The Gateway brand reached a milestone with over 50 hotels in its portfolio.

In the context of market expansion, IHCL opened over 30 hotels this fiscal year, entering new markets such as Lakshadweep, Ekta Nagar, Raichak, Kanpur, Vrindavan, and Bhutan. The company also strengthened its presence in existing markets, including Goa, Ahmedabad, Coorg, Kochi, Gurugram, Delhi, Varanasi, Udaipur, Haridwar, and Dehradun. These developments reflect IHCL’s strategic focus on expanding its geographic footprint.

The timeline for IHCL’s expansion aligns with its “Accelerate 2030” strategy, which aims to achieve a 700-hotel portfolio. The company’s efforts this fiscal year have been in line with its guidance, with significant progress in both new signings and hotel openings. The expansion activities have been supported by key executives, including Ms. Suma Venkatesh, Executive Vice President – Real Estate & Development, and Ms. Deepika Rao, Executive Vice President – Hotel Openings & New Businesses.

The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It operates a diverse portfolio of brands, including Taj, Claridges Collection, Brij, Atmantan, SeleQtions, Gateway, Vivanta, Tree of Life, and Ginger. IHCL is committed to delivering warm Indian hospitality and world-class service across its global operations.