IHG Gains Momentum In Midscale Segment With Signing Of Holiday Inn Express Bengaluru Bommasandra
October 21, 2019 // Franchising.com // InterContinental Hotels Group® (IHG), one of world’s leading hotel companies has signed a management agreement with Thanishq Grande Hotels & Resorts Private Limited for Holiday Inn Express Bengaluru Bommasandra. The new-built hotel will feature 170 keys and is expected to be operational by Q4 2022. IHG currently operates three Holiday Inn Express hotels in Bengaluru, and the recent signing will further strengthen the brand’s presence in the city.
The Holiday Inn Express brand has recently gained significant momentum in the country with the opening of 10 hotels, across key cities, positioning IHG as one of the leading hospitality players in the midscale segment in India.
Holiday Inn Express Bengaluru Bommasandra will be located along the main Hosur Road, with close proximity to Narayana Institute of Cardiac Sciences, Electronic City, one of India's largest Electronic and IT Industrial parks and near Bommasandra Industrial Area, making it an ideal choice for corporate guests visiting Bengaluru. The hotel will be situated at a convenient distance from Bengaluru International Airport and the city center. Along with efficiently designed rooms, the hotel will feature the brand’s signature ‘Great Room’, a dynamic space to socialize as well as relax and unwind. Additionally, the hotel will feature two meeting rooms, a business center, a gym and other world class amenities which will reflect the brand’s promise of offering an efficient and comfortable stay.
- Commenting on the announcement, Sudeep Jain, Vice President, Development, IHG South West Asia said: “We are excited to collaborate with Thanishq Grande Hotels & Resorts Private Limited for a new Holiday Inn Express Hotel in Bengaluru. The brand has received a phenomenal response in India and in the last couple of years, we have significantly increased the brand’s footprint across key cities. This growth is also aligned with our strategy to expand our midscale offering and cater to the increasing number of domestic, ‘blesiure’ travelers in the country.”
He added: Bengaluru is one of the fastest-growing major metropolis in India and we see tremendous opportunity in the market to expand our portfolio across segments. Earlier this year, we announced the signing of an InterContinental hotel and a Crowne Plaza hotel in Bengaluru. With the new Holiday Inn Express signing, we are expanding our offering and catering to the needs of various different guest segments with varying preferences and needs, visiting the city.”
- Mr. S. Sudeesh, Director, Thanishq Grande Hotels & Resorts Private Limited, said: “We are pleased to partner with IHG, a leading hospitality player, for Holiday Inn Express Bengaluru Bommasandra. The hotel will benefit from an excellent location, and with its contemporary design and a great service culture, it will be a popular choice amongst the travelers visiting the city. IHG is known to have a strong distribution systems, and a great loyalty programme and we are confident this will add to the success of the hotel. We look forward to working with IHG and welcoming our guests in 2022.”
IHG® currently has 36 hotels operating across four brands in India, including InterContinental Hotels and Resorts®, Crowne Plaza®, Holiday Inn® and Holiday Inn Express®, and a strong pipeline of 45 hotels due to open in the next 2-3 years.
**Figures as of September 30th, 2019
IHG ® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental® Hotels & Resorts, Kimpton® Hotels & Restaurants, Hotel Indigo®, EVEN Hotels ®, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, voco™, Holiday Inn® Hotels & Resorts, Holiday Inn Express®, Holiday Inn Club Vacations®, avid™ hotels, Staybridge Suites®, Atwell Suites™ and Candlewood Suites®.
IHG franchises, leases, manages or owns nearly 5,800 hotels and approximately 865,000 guest rooms in more than 100 countries, with over 1,900 hotels in its development pipeline. IHG also manages IHG® Rewards Club, our global loyalty programme, which has more than 100 million enrolled members.
InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales. More than 400,000 people work across IHG's hotels and corporate offices globally.
Visit www.ihg.com for hotel information and reservations and www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit: www.ihgplc.com/media and follow us on social media at: www.twitter.com/ihgcorporate, www.facebook.com/ihgcorporate and www.linkedin.com/company/intercontinental-hotels-group
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SOURCE IHG ® (InterContinental Hotels Group)
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