IHCL announced a strategic partnership with CG Hospitality, expanding its existing partnership of TAL Hotels & Resorts Limited and Taj Safaris Limited to achieve a portfolio of 25 hotels by 2025. Ekyam, the platform will primarily seek opportunities in destinations that offer adventure experiences across the India. Ocean and Great Himalayan regions and wildlife getaways.
Speaking on the occasion, Puneet Chhatwal, MD & CEO, IHCL, said, “IHCL has a long-standing association with CG Hospitality, a member of the renowned CG Corp Global for over two decades. We are delighted to announce that the next phase of this partnership will seek accelerated growth in the Indian subcontinent. This collaboration under the Ekyam platform will explore opportunities to manage hotels in regions around the Himalayas and Indian Ocean and strengthen the wildlife sector.”
The current operational footprint in the Indian subcontinent and Middle East includes Taj Exotica Resort & Spa, Taj Coral Reef Resort & Spa in Maldives, Taj Samudra, Colombo, Sri Lanka, Taj Jumeirah Lakes Towers, Dubai and Taj Safaris, the luxury of life wild. lodges in India and Nepal. Speaking on this occasion, Rahul Chaudhary, CEO, CG Hospitality, said, 'The platform will start with the current portfolio of 11 operational hotels. CG Hospitality has invested over Rs 1,250 crore in operational and upcoming hotels so far and has committed to bring in 14 more hotels under this partnership.”
Dr. Binod Chaudhary, Chairman, CG Corp Global, said, “We are proud of CG Hospitality's association with Tata Group's IHCL, spanning 25 years. “This expansion underlines the confidence we place in IHCL’s centuries-old legacy, recognized globally as a benchmark in Indian hospitality.”
Ram Maheshwari, VP Commercial, will take the platform to a portfolio of 25 hotels with 2,500 rooms by 2025.
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