IHG signs agreement with Paraag for 2 hotels in Bengaluru
- Country:
- India
Global hospitality major InterContinental Hotels Group (IHG) Thursday said it has has signed an agreement with Hotel Paraag Ltd in Bangaluru for two hotels in the city. One of the hotels will be under InterContinental Hotels & Resorts brand, while the other will come under Crowne Plaza, IHG said in a statement.
Both the hotels are expected to be operational by the first quarter of 2022 and will increase IHG's system size in India by over 400 rooms, it added. "We are delighted to partner with Hotel Paraag Ltd to strengthen the presence of two of our globally renowned brands- InterContinental and Crowne Plaza in India," IHG South West Asia Development Vice President Sudeep Jain said.
This agreement is a significant milestone for the company as it debuts its iconic brand, InterContinental in Bengaluru and mark the growth of the brand in SWA, he added. "Given the rising demand in the city for high quality hospitality from renowned brands, we see this partnership as a great opportunity to offer our guests quality experiences for various needs and occasions," Hotel Paraag Ltd MD Ramesh Srinivas Jannu said. InterContinental Hotels Group currently has 36 hotels operating across its four brands in India.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
NCLAT confirms insolvency proceedings against Tulip Hotels for defaulting on guarantees
Amsterdam bans new hotels in fight against mass tourism
Experience Your Dream Summer Getaway with Cinnamon Hotels and Resorts in Sri Lanka and the Maldives
IHG Hotels & Resorts Sets Ambitious Plan to Double Presence in India with 100 Operating Hotels by 2028
Indian Hotels Q4 Net Profit Surges 29% to Rs. 438 Crore