InterContinental Hotels Group (IHG) and SAMHI, emerging as 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, 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.”
Ashish Jakhanwala, Founder, MD& CEO, SAMHI added, “In terms of a partnership, IHG has trusted us with one of their most recognized brands and to operating the hotel to the highest brand standards, profitably. Our end of the partnership was to deliver a truly best in class product that met the highest brand standards.”
All Holiday Inn Express hotels under IHG-SAMHI portfolio offer intelligent, design-led, contemporary rooms, providing an inviting and efficient environment to the guests. For seamless connectivity, the hotels offer free high-speed Internet in all rooms. Guests staying at Holiday Inn Express can enjoy breakfast (included in the rate) with quality offerings, to kick-start their day.
IHG® currently has 39 hotels operating across four brands in India, including Intercontinental Hotels and Resorts, Crown Plaza, Holiday Inn, and Holiday Inn Express InterContinental Hotels and a strong pipeline of 39 hotels due to open in the next 2-3 years.
Hotels owned by SAMHI are operated under partnerships with Marriott, Starwood, Hyatt Hotels and IHG and currently, it has 27 operating assets in the country growing to 29 hotels by the end of 2019. SAMHI is distinguished in the Indian hospitality market for its Pan India spread, quality of hotels, brands, operating relationships, and a rapidly growing portfolio.
TourismIndia, India’s Travel& Tourism Magazine
