IHCL STRENGTHENS ITS PRESENCE IN NCR WITH THE SIGNING OF A TAJ HOTEL AT DELHI INTERNATIONAL AIRPORT

(L-R): Mr.Sanjay Sethi, MD & CEO, Chalet Hotels; Mr.Puneet Chhatwal, MD & CEO, IHCL

MUMBAI, 16 May, 2023: Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a Taj branded hotel at Indira Gandhi International Airport’s Terminal 3 in New Delhi.

Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, "This signing is in line with IHCL’s vision to expand its footprint in gateway cities. The world-class Taj branded hotel at one of the busiest airports in Asia will be a significant addition to our portfolio in the National Capital Region (NCR). With this addition the Taj brand is now present in the country’s largest airports - Delhi, Mumbai and Bengaluru. We are delighted to partner with Chalet Airport Hotel Pvt. Ltd. for this hotel.”

The ~400-keys hotel will be strategically situated adjacent to the Indira Gandhi International Airport’s Terminal 3, an integrated terminal used for both international and domestic flights in New Delhi. It is in proximity to Aero City, one of the largest business districts in the country. The wide range of facilities will include an all-day diner, a specialty restaurant, a bar, and a lobby lounge. The hotel will also be equipped with over 6,000 square feet of banqueting space and flexible meeting rooms. Recreational facilities will include a spa, swimming pool, and gym.

Mr. Sanjay Sethi, Managing Director & CEO, Chalet Hotels Ltd. said, - “We are delighted to partner with IHCL for our upcoming hotel in New Delhi with signing of this Franchise agreement. It was a well thought out decision to choose the ‘Taj’ brand for this marque asset. We look forward to a grand opening of the Taj at the New Delhi Airport in a couple of years.”

New Delhi, the capital of India is of great historical significance and is an important commercial and cultural hub, as well as the political centre of India. An array of historical sites including the World Heritage Sites of Red Fort, Humayun’s Tomb and Qutub Minar, make it the perfect place for exploring India’s rich history.

With the addition of this hotel, IHCL will have 15 hotels across Taj, SeleQtions, Vivanta and Ginger brands across the National Capital Region including three under development.

About Chalet Hotels Limited

Chalet Hotels Limited (CHL), is an owner, developer, asset manager, and operator of high-end hotels and resorts in India. CHL portfolio comprises of eight operating hotels, including a hotel with a co-located serviced residence, which are situated across the markets of the Mumbai Metropolitan Region, Hyderabad, Bengaluru, Lonavala and Pune. Seven out of eight hotels are branded with globally recognized hospitality brands and are in the luxury, upper upscale and upscale segments. Three additional hotels at Hyderabad, New Delhi and Navi Mumbai, are under various stages of design and development. CHL uses its experience to actively manage the hotel assets and deliver industry leading operating performances. In addition, CHL has developed commercial assets, co-located with the hotels, a mixed-use strategy to sweat the real estate portfolio.

For more information about the company, please visit www.chalethotels.com

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 the World’s Strongest Hotel Brand and India’s Strongest Brand as per Brand Finance Hotels 50 Report 2022 and India 100 Report 2022, respectively; 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 263 hotels including 75 under development globally across 4 continents, 12 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