IHCL signs a record 85 hotels in 2024 - 0 views
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asianhospitality on 13 Jan 25TATA GROUP-OWNED INDIAN Hotels Co. Ltd. added 85 hotel signings and opened 40 properties in 2024, growing its portfolio to 360 hotels with 123 more in the pipeline. The Taj brand added 19 new signings, expanding to 125 properties. IHCL expanded its market position by acquiring a majority stake in Tree of Life and securing a brand license for The Claridges, New Delhi, the company said in a statement. "This record growth performance is attributed to the continued expansion of the brandscape," said Suma Venkatesh, IHCL's executive vice president for real estate and development. "IHCL launched the reimagined Gateway, acquired a majority shareholding in Tree of Life, adding a boutique leisure offering, and entered into a brand license agreement for The Claridges, commencing with the management of the brand's landmark hotel in New Delhi, extending IHCL's luxury portfolio."