IHCL Announces Launch Of New Taj Hotel With Branded Residences In Chennai
Indian Hotels Company (IHCL), the largest hospitality company in India, on Tuesday announced the signing of another Taj hotel in Chennai. The new development under management contract will feature branded residences as part of the hotel complex.
Spread over 3.5 acres, the complex is strategically located at Nelson Manickam road with close proximity to key business districts. This greenfield development once completed will comprise a luxury hotel with 235 keys and 123 Taj branded residences.
“We are excited to announce the fourth Taj hotel in Chennai, together with branded luxury residences. This signing is in line with IHCL’s vision of strengthening our presence in key markets across India,” said Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL. “The multi-use development will cater to our discerning clientele and in addition to a world-class hotel will offer some of the most exclusive homes in the city managed by a trusted brand. We are pleased to partner with AMPA Group for this project, ” Chhatwal added.
The hotel will have four restaurants and bars, and a selection of adaptable meeting spaces with outdoor areas ideal for hosting both business and social events. Guests will also be able to enjoy recreational facilities of a pool, fitness center and spa. The branded residences will enjoy Taj’s legendary service and access to the hotel’s facilities.
The project will be in collaboration with AMPA Group. “We are happy to collaborate with IHCL for the Taj hotel and branded residences. Homeowners will have the privilege of enjoying the world-renowned Taj hospitality, in the privacy of their homes,” said Ampa Palaniappan, Managing Director, AMPA Group.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more