Restaurant Franchise Opportunities

Partnership Jul, 29 2014

IHG inks pact with Sikka

To start Crowne Plaza in Noida.

By Franchise India Bureau
IHG inks pact with Sikka

Global Hospitality major InterContinental Hotels Group (IHG) has inked a management agreement with real estate developer Sikka to open a 150-room hotel under the company's Crowne Plaza brand in Noida, Uttar Pradesh.

"InterContinental Hotels Group has signed a management agreement with New Delhi real estate developer Sikka to develop Crowne Plaza Taj Expressway Noida," IHG said in a statement.

The newly-signed hotel will add to the IHG's pipeline of Crowne Plaza properties in the country. The new hotel, expected to open in 2018, will be the second IHG hotel in the city, it added.

Commenting on the development, IHG India, Middle East and Africa Chief Operating Officer Pascal Gauvin said: "India is a key market for us. It holds our third largest development pipeline globally, behind the US and China; and over the next three to five years we will grow by nearly 300 percent there.

"The new Crowne Plaza Taj Expressway Noida marks IHG's expansion in a city it has just entered and the company looks forward to working with Sikka to growing its presence in Noida, he added.

The hotel will be a part of a mixed-use development which also comprises corporate offices and retail spaces."Hospitality is an important business vertical of Sikka and we are working on strengthening this expertise.

IHG is an ideal partner for us as the company brings with it many years of international hotel management experience with leading global brands such as Crowne Plaza," Sikka Managing Director Gurneet Singh Sikka said.

IHG currently has 19 hotels in India across brands such as InterContinental, Crowne Plaza, Holiday Inn and Holiday Inn Express.

 

Related: Foodpanda Ties with Int’l Food Chain

Click Here to add Comment
Please add your Comment
Rating
NEWSLETTER SIGNUP

Submit your email address to receive the latest updates on news & host of opportunities.

Most

Video

Magazines & Books

Read the latest franchising magazines and books to get comprehensive and up-to-date information on leading franchise systems, trends and more.

BOS
Recommended For You
Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Restaurant India

Copyright © 2009 - 2016 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.