IHG and Sikka Set to Develop Crowne Plaza Taj Expressway Noida
The newly-signed hotel will add to IHG's strong pipeline of Crowne Plaza properties in the country. IHG has seven Crowne Plaza hotels open across India and another six due to open in the next three to five years. The new hotel, expected to open in 2018, will be the second IHG hotel in the city, joining Crowne Plaza Greater Noida which opened at the end of last year.
Commenting on the partnership, Gurneet Singh Sikka, Managing Director, Sikka said "Hospitality is an important business vertical of Sikka and we are working on strengthening this expertise. IHG is an ideal partner for us as the company brings with it many years of international hotel management experience with leading global brands such as Crowne Plaza. This will complement our local business knowledge and add to our success."
Pascal Gauvin, Chief Operating Officer, India, Middle East and Africa, IHG
commented, "India is a key market for us. It holds our third largest development pipeline globally, behind the US and China and over the next three to five years we will grow by nearly 300 percent there. The new Crowne Plaza Taj Expressway Noidamarks our expansion in a city we've just entered and we look forward to working with Sikka to growing our presence in Noida."
IHG currently has 19 hotels in India across four brands: InterContinental, Crowne Plaza, Holiday Inn and Holiday Inn Express. There are 46 hotels in the development pipeline, of which six are Crowne Plaza properties due to open in the next three to five years.
IHG franchises, leases, manages or owns more than 4,900 hotels and 724,000 guest rooms in nearly 100 countries, with almost 1,300 hotels in its development pipeline. IHG also manages IHG® Rewards Club, the world"s first and largest hotel loyalty programme with more than 88 million members worldwide.
InterContinental Hotels Group PLC is the Group"s holding company and is incorporated in Great Britain and registered in England and Wales. More than 350,000 people work across IHG"s hotels and corporate offices globally.
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