Indian Hotels Company Ltd, backed by the Tata Group, prefers an equal proportion of light assets and owned properties in the coming days, an official here said on Saturday.
IHCL, which owns the “Taj” luxury hotel brand, currently has 46% of properties in light active mode, he said.
“The aspiration is to achieve 50% asset light and the rest owned or leased,” IHCL Managing Director and CEO Puneet Chhatwal said at the Taj City Center launch in New Town here.
“The company now has 177 properties in the country, including all of its brands like Vivanta, Ginger,” he said.
Most of the hotels in the pipeline are on the asset-light model, except for four or five, Chhatwal said.
IHCL is planning to introduce new brands in Kolkata and other parts of West Bengal, he said, adding that preliminary talks with the state tourism department have taken place to introduce the holiday brand. homestay “Ama”. The hospitality major has partnered with Kolkata-based Ambuja Neotia Group for six properties.
“We want to take it to ten with the group,” he said.
Ambuja Neotia Group Chairman Harsh Vardhan Neotia said the Taj City Center was a Swissotel brand, which existed from 2010 to 2020.
It is the second luxury “Taj” property in the city, after the Taj Bengal.
Neotia said it was a business hotel, now transformed into a luxury hotel with 137 rooms and ten suites.
The cost of upgrading to a ‘Taj’ brand will be around Rs 80-90 crore, he added.
(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)
