Summary:
- IHCL signed a new Taj hotel in Mohali, Punjab.
- This is IHCL’s 14th hotel in the state.
- It is a greenfield project.
INDIAN HOTELS CO. Ltd. signed a new 225-key Taj Mohali in Mohali, Punjab. The greenfield project will take IHCL’s presence in Punjab to 14 hotels, including seven under development.
The hotel will include a swimming pool, gym and health club. It includes a banqueting space of more than 26,000 square feet, IHCL said in a statement.
“Mohali’s emergence as a thriving IT and commercial center is a key growth market in Punjab,” said Suma Venkatesh, IHCL’s executive vice president. “This, coupled with the state’s increasing appeal as a preferred destination for weddings and social events, aligns with our strategy to expand in such high-potential markets.”
Mohali is a planned city in Punjab, known for its modern infrastructure and is home to several IT companies, educational institutions and sports facilities, according to IHCL.
The company recently signed a new 78-key hotel under its Gateway brand in Patnitop, union territory of Jammu and Kashmir. The signing brought IHCL’s presence in the state to 12 hotels, including six under development.
