Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 29 2014

IHG inks pact with Sikka

To start Crowne Plaza in Noida.

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.

 

Comment
Related opportunities
  • Car wash / Ceramic Coating / Detailing
    About Us: Across the globe, 3M is inspiring innovation and igniting..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About : Everyday Anday was founded by Ms. Rashmi Joshi, with..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 450
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Credence International Schools is a K-12 Venture of Credence..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2014
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 20000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Gift Shops & Card Galleries
    About Us:   WK Life, a premier multinational corporate in Hong Kong,..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities