IHCL ANNOUNCES A TAJ HOTEL AND BRANDED RESIDENCES IN CHENNAI
~ Forays into Branded Residences with this signing
MUMBAI, APRIL 19, 2022: Indian Hotels Company (IHCL) India’s largest hospitality company, today announced the signing of another Taj hotel in Chennai. The new development under management contract will feature branded residences as part of the hotel complex.
Commenting on the signing, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, “We are excited to announce the fourth Taj hotel in Chennai, together with branded luxury residences. This signing is in line with IHCL’s vision of strengthening our presence in key markets across India. The multi-use development will cater to our discerning clientele and in addition to a world-class hotel will offer some of the most exclusives homes in the city managed by a trusted brand. We are pleased to partner with AMPA Group for this project.”
The complex spread over 3.5 acres is strategically located at Nelson Manickam road with close proximity to key business districts. This greenfield development once completed will comprise of a luxury hotel with 235 keys and 123 Taj branded residences. The hotel will have four restaurants and bar, and a selection of adaptable meeting spaces with outdoor areas ideal for hosting both business and social events. Guests will also be able to enjoy recreational facilities of a pool, fitness center and spa. The branded residences will enjoy Taj’s legendary service and access to the hotel’s facilities.
Mr. Ampa Palaniappan, Managing Director, AMPA Group, said, “We are happy to collaborate with IHCL for the Taj hotel and branded residences. Homeowners will have the privilege of enjoying the world-renowned Taj hospitality, in the privacy of their homes.”
Chennai, capital of the state of Tamil Nadu is the most prominent cultural, economic and educational centre of South India.
With the addition of this hotel, IHCL will have 13 hotels in Chennai including three under development.
About AMPA Group
With a legacy of over five decades, The Ampa Group is one the most trusted business families in Chennai with diversified interest in finance, retail, real estate, hospitality and information technology. The group owns the AMPA skywalk, which is among the first malls in Chennai.
About The Indian Hotels Company Limited (IHCL)
The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for the most discerning travellers and the World’s Strongest Hotel Brand and India’s Strongest Hospitality Brand as per Brand Finance 2021, SeleQtions, a named collection of hotels, Vivanta, sophisticated upscale hotels, and Ginger, which is revolutionising the lean luxe segment.
Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel - The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 235 hotels including 59 under development globally across 4 continents, 11 countries and in over 100 locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is primarily listed on the BSE and NSE.
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