IHG strengthens footprint in NCR with signing of Holiday Inn Greater NOIDA West
December 10, 2020 // Franchising.com // IHG® Hotels & Resorts, one of world’s leading hotel companies has signed a management agreement with Regal Emporia Infratech (a subsidiary of Investors Clinic), for Holiday Inn Greater NOIDA West in Boulevard Walk, a mix use development by Home & Soul. The new-built hotel will have 140 keys and is expected to be operational by first quarter of 2023. The development will further strengthen brand’s presence in NCR and enable IHG to sustain growth momentum in the midscale segment within the Indian market.
Strategically located on a 100ft arterial road called NOIDA - Greater NOIDA Link Road that connects the site to the commercial and residential projects in the vicinity and to Delhi, NOIDA & Greater Noida, the hotel is expected to receive excellent visibility. Offering convenience to both leisure and corporate travelers, the hotel will be easily accessible through a 45-minute drive from Central Delhi and a 20-minute drive from the commercial area - Sector 65 of NOIDA. Further, the hotel will be at a 1-hour driving distance from the upcoming second airport for Delhi NCR at Jewar in Uttar Pradesh.
On opening, Holiday Inn Greater NOIDA West will feature well-appointed rooms and will provide an array of facilities including two F&B outlets, a bar, a lobby lounge, an outdoor pool and a gymnasium. Additionally, the hotel will have 10,000 sq.ft meeting and banqueting space to cater to the growing demand coming from MICE and corporate segments, with overall experience being enhanced through brand’s signature hospitality. The proposed hotel is also a part of Boulevard Walk, a mixed-use development spread over five acres that includes retail, office towers, and residential buildings, benefiting from an established hotel demand cluster with presence of multinational companies, industrial parks and commercial office space.
Commenting on the announcement, Sudeep Jain, Managing Director, South West Asia, IHG said: “Strengthening the presence of our well-recognized brand, Holiday Inn in the country, we are delighted to sign an agreement with Regal Emporia Infratech Private Limited for Holiday Inn Greater NOIDA West. The strategic location presents a great business opportunity for us to make a mark in the latest urban centre of Uttar Pradesh. With the presence of large residential and commercial catchment around the location, the new hotel will serve as an ideal destination for local corporate meetings, social gatherings, besides offering quality accommodation for discerning travelers visiting the city.
He further added “The latest development in our portfolio is a testimony to our growth plans for the NCR region and we are committed to continue with the momentum”
Sakshee Katyal, CEO Home & Soul, said: “We are elated to be in partnership with IHG, a trusted name in the Indian hospitality sector. The demand from corporate travel and MICE business is high in Greater Noida, and is expected to rise further in the coming years. The hotel will benefit from its prime location, great design and service culture that the brand is known for and we are confident to achieve success upon opening of the hotel in the beginning of 2023.”
IHG® currently has 42 hotels operating across five brands in SWA, including Six Senses, InterContinental Hotels and Resorts®, Crowne Plaza®, Holiday Inn® , Holiday Inn Resort® and Holiday Inn Express®, and a strong pipeline of 54 hotels due to open in the next 2-3 years.
Numbers as of September 30th, 2020
SOURCE IHG® (InterContinental Hotels Group)
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