Indian Hotels Company Limited (IHCL) Signs a Second Ginger Hotel in Visakhapatnam
Mumbai, May 22, 2018: The Indian Hotels Company Limited (IHCL) is pleased to announce that it signed a new Ginger hotel in Visakhapatnam. It will be Ginger's second hotel in the city. The Ginger portfolio has 45 operating hotels and 7 hotels in the pipeline. The announcement reflects the company's strategic domestic expansion to drive growth momentum.
Deepika Rao, Managing Director and Chief Executive Officer, Roots Corporation Limited said, "We are delighted to partner with SSR Builders in Visakhapatnam for this hotel. We are happy to expand our presence in Visakhapatnam, a key city in Andhra Pradesh."
The new Ginger in Visakhapatnam with 56 rooms, an all day diner, meeting room and a fitness centre is located at Gajuwaka amidst a commercial hub with close proximity to companies like TATA Motors, Nestle, BHEL, GAIL and many others. The hotel is slated to open mid-2019. IHCL has two other hotels in the city - The Gateway Hotel Beach Road Visakhapatnam and a 68 room Ginger hotel close to the Visakhapatnam railway station.
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. 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 operates 165 hotels including 21 under development globally across 4 continents, 12 countries and in over 80 locations.
The Indian Hotels Company Limited (IHCL) is amongst South Asia's largest Indian hospitality company by market capitalization. It is primarily listed on the BSE and NSE.
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