IHCL FORAYS INTO RANCHI, SIGNS A TAJ HOTEL

Mr. K Mohanchandran of IHCL with Shri Hemant Soren, Honorable Chief Minister of Jharkhand

MUMBAI, JULY 24, 2024: Indian Hotels Company (IHCL), India’s largest hospitality company, announced the signing of a Taj hotel in Ranchi, Jharkhand. This greenfield project, marking IHCL's foray into Ranchi, is set to be developed on a six-acre land parcel leased from the State Government of Jharkhand.

Commenting on the expansion, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, stated, “We are delighted to bring the iconic Taj brand to Ranchi, a city with immense potential for growth. Ranchi’s strategic location and its ongoing transformation into a smart city make it a promising destination. This signing aligns with the strategy of building our presence in the region, which is fast developing into a significant industrial, commercial and cultural hub.”

The hotel’s prime location in Dhurwa, offers excellent connectivity and visibility. The 200-key Taj, Ranchi will offer guests a range of modern amenities, including extensive banqueting areas, a diverse selection of food and beverage options, and a well-equipped wellness center.

Ranchi is witnessing significant infrastructural developments aimed at transforming it into a smart city. The hotel’s location within the Core Capital Area will place it in the heart of the city's new central business district, in proximity to the Vidhan Sabha, government offices and corporate headquarters.

With the addition of this hotel, IHCL will have 6 hotels in Jharkhand including 1 under development.

About The Indian Hotels Company Limited

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 ranked as World's Strongest Hotel Brand 2024 and India’s Strongest Brand 2024 as per Brand Finance; 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 326 hotels including 102 under development globally across 4 continents, 13 countries and in over 130 locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is listed on the BSE and NSE.

Please visit: www.ihcltata.com; www.tajhotels.com; www.seleqtionshotels.com; www.vivantahotels.com ; www.gingerhotels.com

For media queries, please reach out to: kirti.dhingra@ihcltata.com