IHCL SIGNS A VIVANTA HOTEL IN THANE, MAHARASHTRA
MUMBAI, MAY 13, 2022: Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a Vivanta hotel in Thane, Maharashtra. Located in the heart of the city on LBS Road, the existing hotel will be upgraded into the Vivanta brand post renovation. This is a management contract with NSM Hotels Private Limited.
Commenting on the signing, Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, “Continuing IHCL’s vision of strengthening our presence in key domestic markets, the signing of this hotel will debut the Vivanta brand in Thane, and will be our second hotel in this metropolitan city. Thane is an integral extension of Mumbai, known for its natural beauty and rapid industrial development. We are delighted to partner with NSM Hotels Private Limited for this project.”
The 99-rooms Vivanta hotel is strategically located near the intersection of Eastern Express Way and Ghodbunder Road, a vital commercial and residential area slated to be connected by the upcoming phase of the Mumbai Metro project. Dining options at the hotel will include Mynt, the all-day dining restaurant, and a bar. Recreational facilities will include a pool, fitness center and spa. The hotel will also feature banqueting halls with meeting rooms for social and business gatherings. It is a Brownfield project slated to open in 2023.
Mangesh Bhosale, Chairman, NSM Hotels Private Limited, said, “We are happy to collaborate with IHCL for this new hotel in Thane. We believe that this Vivanta hotel will leverage the untapped potential of the hospitality landscape in the city with a new and refreshed spirit.”
As part of the Mumbai Metropolitan Region, Thane – also known as the City of Lakes – is an important business and industrial hub. It is one of the shortlisted Smart Cities in India and has seen rapid infrastructural development in recent years.
With the addition of this hotel, IHCL will have 13 hotels in Mumbai including four under development.
About NSM Hotels Private Limited
NSM Hotels Private Limited is promoted by Mr. Mangesh Bhosale and Mr. Nirav Shah. While this is a new company created for their foray into the hotel business, the promoters have dabbled in multiple businesses ranging from Textile and Construction to Restaurants and Bars.
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 236 hotels including 60 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.