IHCL SIGNS TWO TAJ HOTELS IN BHUTAN

MUMBAI, NOVEMBER 7, 2023: Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of two new Taj-branded hotels in Phobjikha and Paro, in Bhutan. These are Brownfield projects.

Commenting on the signing, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said,” These signings demonstrates IHCL’s commitment to the region and our focus on expanding our footprint in key leisure destinations. We are delighted to bring two Taj branded hotels to the Kingdom of Bhutan with its stunning natural landscapes and rich cultural heritage. This also furthers our longstanding partnership with the CG Group.”

The 45 keys Taj resort in Paro is spread over 7.6 acres surrounded by protected forests is a tranquil oasis in the lap of nature, graced by a stream running along the property. The idyllic retreat will offer an all-day diner, speciality restaurant and bar, complemented by recreational amenities including an indoor swimming pool, gym, spa and meeting facilities. Steeped in history, Paro, boasts sacred sites and historical buildings set against a breath-taking backdrop of snow-capped Himalayan peaks.

Nestled in the enchanting Phobjikha valley, 34 keys Taj resort spread over 3.5 acres will feature an all-day-diner, alfresco speciality restaurant, bar along with spa and fitness facilities. Phobjikha promises adventurous journeys, from mountain treks to visits to the venerable Gangtey Monastery, all amidst a serene environment that leaves a lasting impression.

Dr. Binod Chaudhary, Chairman, CG Corp Global and CG Hospitality Global said, “Taking forward our partnership with IHCL spanning 25 years and 12 assets across 6 countries, the two Bhutan hotels built with sustainability at the core, will showcase the unique blend of traditional Bhutanese charm and Taj's unmatched hospitality, offering travellers an unforgettable stay in the Himalayan kingdom.”

Bhutan, not only captivates with its natural beauty but also serves as a pilgrim and wellness tourism hub.

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 India’s Strongest Brand 2023 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 276 hotels including 83 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.

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

For more information, please contact: kirti.dhingra@ihcltata.com