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IHG signs two hotels in Varanasi with JHV Group subsidiaries

Monday, December 11, 2017, 16:45 Hrs  [IST]
HBI Staff|New Delhi

InterContinental Hotels Group (IHG) has signed a franchise agreement with the JHV Group for two new properties in the heritage city of Varanasi. A 300-room Crowne Plaza will be owned by Mall Hotel Ltd, a subsidiary of JHV, and a 180-room Holiday Inn will be owned by HLA Hotels, another subsidiary of JHV. 


Serving a wide range of leisure and business travellers between them, both hotels are expected to be operational by 2021. Crowne Plaza Varanasi will be situated closer to the commercial hub of Varanasi, catering to business & leisure segments and to premium, local social events, such as weddings and seasonal occasions. Furthermore, the hotel will house impressive meeting and banquet facilities, which will add a unique offering for business visitors to the holy city. 

Holiday Inn Varanasi, will serve the Buddhist circuit due to its proximity to Sarnath and the airport, once the new bypass road is completed. With 180 rooms, the key demand generators for Holiday Inn will be religious tourism and associated events, along with other social events emanating from the city.  

Commenting on the announcement, Sudeep Jain, Vice President-Development, South West Asia, IHG said, “We are thrilled to open our first Holiday Inn and Crowne Plaza hotels in Varanasi, in partnership with a recognised conglomerate like JHV Group. It is great to be bringing our established brands to new markets, with both new and existing partners, as we continue to drive scale and brand preference in India. With these signings in Varanasi, we continue to be on track to having 150 hotels open or in our pipeline within in the next 10-15 years.”

IHG currently has 30 hotels in 14 cities, collectively having over 5,717 rooms in India, across brands including InterContinental Hotels and Resorts, Crowne Plaza, Holiday Inn and Holiday Inn Express, with a further 33 in the development pipeline, according to a company release.

 
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