Source: IHCL
The Taj Group of Hotels

Mumbai - The Indian Hotels Company Limited (IHCL), South Asia's largest hospitality company signed a management contract for two hotels in Goa adding 506 rooms to its pipeline. The Company will take over the management of the legendary 207 key Cidade de Goa which will form a part of the SeleQtions portfolio - a named collection of hotels and resorts with a distinct character. An additional 299 rooms which are under construction, will be added to the same complex under the Taj brand scheduled to open by the end of this year.

Commenting on the signing of this agreement, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said "IHCL has a special relationship with the state of Goa since 1974 when Taj Fort Aguada Resort & Spa, India's first beach resort opened its doors and firmly established Goa on the global map. Iconic properties like Cidade de Goa under a management contract with Fomento Resorts and Hotels Ltd., promoted by the illustrious Timblo family will further strengthen IHCL's position as the most iconic and profitable hospitality company."

Both the hotels will be located at the same site at Vainguinim beach in the vicinity of Dona Paula in Goa. Cidade de Goa, designed by Charles Correa with its distinctive old-world charm, often known as one of Goa's best kept secrets will be the first hotel to join IHCL's SeleQtion's portfolio as of April 2019. The Taj branded 299 room hotel will have a contemporary design with floor to ceiling glass windows offering superb sea views. The hotel will boast of extensive conferencing facilities with the largest convention hall in Goa, measuring approximately 1200 square meters. It will have several dining options including an all-day diner, speciality restaurants and bars. It is slated to open in early 2020.

Commenting on the partnership, Mrs. Anju Timblo, Managing Director, Fomento Resorts and Hotels Ltd. said, "We are very excited with our partnership with IHCL, with its highly recognized portfolio of brands. With this association, Cidade de Goa and the new development will achieve its full potential and pave the way for a successful and mutually beneficial collaboration for many years to come. Together with IHCL, we look forward to promoting the 'Goan-ness' of Goa."

About Fomento Resorts and Hotels Ltd. (FHRL)

Fomento Resorts and Hotels Ltd. (FHRL) is part of the Fomento Group with businesses spanning across mineral development, river transportation and world-wide shipping, operating in the states of Goa, Karnataka and Maharashtra. The company is engaged in tourism development activities and is actively involved in promoting local Goan culture, cuisine, music and art. Besides hotels, the company promotes university degree programs in hospitality through Fomento Education and Charitable Society.

About The Indian Hotels Company Limited

The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for the most discerning travellers and ranked as World's Strongest Hotel Brand 2024 and India's Strongest Brand 2024 as per Brand Finance; SeleQtions, a named collection of hotels; Vivanta, sophisticated upscale hotels;  Gateway, full-service hotels designed to be your gateway to exceptional destinations and Ginger, which is revolutionising the lean luxe segment.

Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel - The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 340 hotels including 112 under development globally across 4 continents, 13 countries and in over 130 locations. The Indian Hotels Company Limited (IHCL) is India's largest hospitality company by market capitalization. It is listed on the BSE and NSE.

Please visit: IHCL; Taj; SeleQtions; Vivanta; Gateway; Ginger