IHCL SIGNS A VIVANTA HOTEL IN NASHIK
MUMBAI, MARCH 11, 2022: Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a Vivanta hotel in Nashik. Located near Dwarka Circle, the hotel, part of a mixed-use development, is a management contract with Deepak Builders and Developers.
Commenting on the signing, Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, “The signing of this hotel is in line with IHCL’s vision of strengthening our presence in key markets across India. Nashik has always been an integral part of India’s religious tourism circuit and has evolved to become an important industrial centre. With this hotel, IHCL will have hotels across three of its brands in the city. We are delighted to partner with Deepak Builders and Developers for this project.”
The 144-rooms Vivanta hotel will be strategically located next to the Nashik Freeway and in close proximity to the city’s IT zone as well as the upcoming metro station at Dwarka Circle. The dining options will include Mynt, the all-day dining restaurant; a specialty restaurant and bar. Recreational facilities will include a pool, fitness center and spa. The hotel will also feature one of the city’s largest banqueting halls with meeting rooms and open areas for social and business gatherings. It is a Brownfield project slated to open in 2023.
Mr. Deepak Chande, Founder & Owner, Deepak Builders & Developers, said, “We are happy to collaborate with IHCL for this new hotel in Nashik. I am confident that the first Vivanta in the city will re-define the hospitality landscape with a new and refreshed spirit.”
Located on the backs of the river Godavari, Nashik features on many a pilgrim’s map. Known as the wine capital of India with its many vineyards, Nashik is also a key industrial and automotive center.
With the addition of this hotel, IHCL will have four hotels in Nashik including two under development.
About Deepak Builders & Developers
Established in 1989, Deepak Builders & Developers is a renowned and trusted real estate development firm in Nasik founded by Mr. Deepak Kalyanji Chande. With assignments spanning both, contemporary homes and commercial complexes at prime locations in and around Nashik, the group has completed multiple successful projects in and around Nashik in its three-decade journey in real estate. The group has also recently forayed into the education space and will develop a school and university in Nashik.
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 232 hotels including 58 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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