N E W S / H O S P I TA L I T Y
IHG AND SAMHI ANNOUNCES 10 HOLIDAY INN EXPRESS HOTELS IN INDIA HOLIDAY INN EXPRESS HAVE 27 OPERATING HOTELS IN INDIA AND A ROBUST PIPELINE OF 33 HOTELS DUE TO OPEN IN NEXT 2-3 YEARS
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nter Continental Hotels Group (IHG) and SAMHI, India’s premier lodging real-estate company shared details of commercial success of their partnership following the launch of 10 Holiday Inn Express hotels in the country. IHG started its journey with SAMHI In November 2017 by the signing of 14 hotels within their India hotel portfolio to renovate and rebrand to Holiday Inn Express on par with the global brand standards. September 2018 witnessed the launch of first rebranded Holiday Inn Express hotel in Gurgaon Sector 50. In the following next six months, total of 10 properties were launched across Bengaluru, Hyderabad, Ahmedabad, Nashik, Pune and Chennai. Commenting on the success, Mr. Pascal Gauvin, Managing Director, IMEA, IHG shared, “We are pleased to announce that the newly launched hotels are currently trading at an ADR of INR 3254, and Holiday Inn Express Gurgaon Sector 50 which has been open for six months is operating at 21% above the forecasted RevPAR. These numbers are very encouraging and give us confidence in the continued success of the portfolio.” Mr. Ashish Jakhanwala, Founder, MD& CEO, SAMHI added, “In terms of a partnership, IHG has trusted us 34
Tourism India May 2019
