IHCL Signs Framework Agreement for 7 New Ginger Hotels, Adding 1,000 Keys
Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a framework agreement for 7 new Ginger hotels. The agreement marks a significant step in expanding the Ginger brand in key cities in north India.
The midscale segment in India continues to witness strong demand driven by the country’s sustained economic growth across manufacturing and service sectors coupled with rising aspirational travellers. This framework agreement for multi-hotel development with Rajdarbar Group reflects the wide spread potential for the Ginger brand across metros, state capitals, commercial centres, industrial townships, pilgrimage destinations and leisure circuits. Ms. Suma Venkatesh, Executive Vice President, Real Estate & Development, IHCL
The 7 hotel sites will comprise a mix of greenfield and brownfield developments. This partnership has commenced with the opening of 59-key Ginger Gurugram, Sector 1 in Palam Vihar in Gurugram, Haryana. The pipeline under this agreement will add over 1,000 keys across destinations including Jaipur, Agra, Mathura, Vrindavan, Hisar and Karnal through fully fitted lease arrangements.
The Rajdarbar Group firmly believes in the immense potential of Tier-2 cities in North India and aims to develop Ginger hotels, making them available in key locations such as Jaipur, Agra, Mathura, Vrindavan, Hisar, and Karnal. IHCL has been a pioneer in India’s mid-scale hospitality segment. We are pleased to partner with the re-imagined Ginger across these high potential markets. Mr. Vasudev Rakesh Garg, Director, Rajdarbar Group
About the Owning Company
Founded by Dr. Rakesh Kumar Garg, Rajdarbar is a leading real estate developer with commercial projects like Global Foyer GCR Gurugram, Global Foyer Palam Vihar Gurugram, Rajdarbar Chandni Chowk Commercial Complex Delhi, and residential developments in Jaipur, Agra, Mathura, Karnal, Hisar, Kosi and Sirsa. Rajdarbar Group has delivered 19 projects across 7 states in two decades, including Bangalore's largest SEZ, Embassy Tech Village in partnership with Blackstone and Embassy (formerly Vrindavan Tech Village).
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; Tree of Life, private escapes in tranquil settings; 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 360 hotels including 123 under development globally across 4 continents, 13 countries and in over 150+ 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; Tree of Life; Vivanta; Gateway; Ginger
