The Telegraph
Thursday , January 30 , 2014
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Holiday Inn city debut by year-end

Douglas Martell in Calcutta on Wednesday. Picture by Kishor Roy Chowdhury

Calcutta, Jan. 29: InterContinental Hotels Group (IHG), the UK-based hospitality major, is looking to open its first managed property in Calcutta at Rajarhat by the end of this year.

The group, which owns the mid-scale brand Holiday Inn, today announced its partnership with city-based real estate company Jain Group to manage three properties under the brand in Calcutta, Durgapur and Siliguri.

“It is a significant milestone for us today as IHG marks its entry into the eastern part of the country. Holiday Inn as a brand focuses on the needs of both business and leisure travellers and we are confident that these hotels will address the increasing demand of today’s consumers who are familiar with the global standards of hospitality,” Douglas Martell, vice-president operations (Southwest Asia) of IHG, said.

He said the properties in Bengal, with a cumulative room count of 380, were part of the expansion strategy of the company in the country.

“India is an important market and we want to increase our brand presence here. We already have 18 hotels under our brand and plan to add more,” he said, adding the company has plans to manage over 100 properties and is currently in discussions with them despite the slowdown in the hospitality industry.

“The industry usually goes through cycles. There are some pockets (parts of the country) which do well while some do not,” he said.

“We are investing over Rs 300 crore in developing the properties. The Holiday Inn, Calcutta, is expected to be operational by the end of this year,” Shrayans Jain, vice-chairman of Jain Group, said.

IHG is more focussed on developing the Holiday Inn brand and over 85 per cent of its hotels will be under this brand.