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InterGlobe Hotels to build ibis property in Hebbal, Bengaluru

Monday, November 20, 2017, 20:13 Hrs  [IST]
HBI Staff|New Delhi

InterGlobe Hotels (IGH) recently concluded an acquisition of a strategic, prime land parcel in Hebbal, Bengaluru to build an ibis property in this important commercial hub of the city 


At an estimated project cost of approximately INR 90 crores, the proposed hotel will feature 153 rooms and also include a large meeting space.

Located in north Bengaluru, the ibis site will cater to accommodation demand generated both from large IT parks like Manyata Tech Park and Karle Town Centre along with various other office buildings. Ibis Hebbal will be the third ibis in Bengaluru when completed. 

Currently IGH has 15 operational ibis hotels in India with Ibis Pune Hinjewadi set for launch next month and Ibis Kolkata launching early in 2018. The land acquisition is part of a longstanding JV between Accor Hotels and InterGlobe Hotels established in 2004.

Shwetank Singh, Vice President - Development & Asset Management of InterGlobe Hotels, said, “In our continuous effort to roll out ibis hotels across key strategic locations, with this acquisition, we are marking our entry into one of Bengaluru’s established commercial hub - Hebbal. ibis Hebbal will be a perfect destination catering to both leisure and business needs. We are viewing this acquisition with a great deal of optimism and will continue with our strong focus on new expansions in the future as well. We already have a key presence in the city with two properties operational - one in the City Centre and the other at Hosur Road. Ibis Hebbal will be our third project in the city.”

 
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