IHG Hotels & Resorts & K Raheja sign two hotels in Powai, Mumbai
IHG Hotels & Resorts is expanding its portfolio in Mumbai with the signing of new hotels with Nikhil K. Raheja and Vijayta Raheja. With this partnership, IHG will launch its new five-star brand voco in Mumbai, along with a new Holiday Inn Express & Suites property.
IHG Hotels & Resorts has signed a management agreement with Saryu Properties & Hotels Pvt. Ltd. to convert two hotels in Mumbai into voco Mumbai Powai Hotel & Convention Centre and Holiday Inn Express & Suites--Mumbai Powai.
Currently in the development phase, Holiday Inn Express & Suites Mumbai Powai and voco Mumbai Powai are scheduled to open in Q4 of financial year 2023-24 and Q2 of financial year 2024-25, respectively.
“We have been in dialogue with IHG for about a year now.
We have two properties in Powai. One is a 160-key hotel, and the other is a 134-key hotel,” said Vijayta Raheja, director and spokesperson of Saryu Properties & Hotels.
“They are currently closed for renovations. We are converting one into a five-star hotel that will be under their brand voco, which is growing in popularity and is present in markets such as Singapore, Hong Kong, Dubai, New York, and Europe.
The other will be a business hotel under the label of Holiday Inn Express & Suites, which will be a simple hotel for business travellers,” she added.
Sudeep Jain, MD, South-West Asia at IHG Hotels & Resorts, said Mumbai
offers a wealth of opportunities for the hospitality sector, and the company is ‘excited’ to contribute to its economic growth with the signing of these new hotels.
Nikhil K. Raheja, MD, Saryu Properties & Hotels, said the company believes that the partnership will assist it in delivering 'world-class hospitality’ in Powai, Mumbai.
“Over the years, we have
