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IHCL signs 232-key greenfield Gateway hotel in Agra, lifting its Uttar Pradesh portfolio to 64 hotels

Indian Hotels Company (IHCL) signed a 232-key greenfield Gateway hotel in Agra, Uttar Pradesh, on Thursday, in partnership with Real Estate and Development. The addition takes IHCL to 64 hotels in Uttar Pradesh, including 27 under development.

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07:30 IST · 10 moves · what each means · free

What it means for the format

A 232-key Gateway hotel is coming to Agra, but it is greenfield and yet to be built, so rival hotels there face no immediate supply pressure and have time to prepare for a new Taj-backed competitor.

Next on the rollout

  • Groundbreaking or building-plan approval for the Agra site
  • IHCL's next quarterly pipeline update and any change in the Uttar Pradesh count of 64 hotels
  • Further Uttar Pradesh signings that lift the 27 hotels under development
  • Competing hotel brand announcements in Agra
  • Any disclosure of an opening timeline or financing close for the 232-key property

The source

Source Read the source at ET Small Business

Published

Also reported by BW Hotelier, Hospitality Biz India

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