Indian Hotels Company (IHCL) has a substantial ownership stake in Brij Hospitality with the purchase of 51%, making it the majority shareholder of the Brij brand. This falls in line with IHCL’s expansion plans to have 700 hotels by 2030, adding to its present management of 610 hotels and 253 in the early stages. Moreover, this acquisition makes the brand a major player in leisure tourism with its multiple hotels promising a variety of tourist-oriented offerings.
Indian Hotels Company (IHCL), India’s largest hospitality company, signed this agreement on 16th January detailing the share transfer with Brij Hospitality, a boutique of luxury hotels and resorts popular for crafting unique, locally explorative experiences.
On the occasion, Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL, highlighted that India’s hospitality sector has been witnessing a sustained demand growth led by rising disposable income and discretionary spends with a growing preference for experiential leisure. He added, “With this acquisition, IHCL, through its diverse brand-scape, consolidates its position as a frontrunner in India’s leisure tourism with market leadership in key cultural, spiritual and wildlife destinations.”
Brij’s presence in offbeat locations offers heterogeneity to IHCL’s portfolio in places such as Jaipur, Varanasi, Ranthambore, northern hills, the north east region and Goa, among others. This takes IHCL’s portfolio to 610 hotels with 253 in the pipeline, well on course to meet our guidance of 700 hotels under Accelerate 2030.”
Brij Hotels is a collection of boutique luxury hotels and resorts in many locations, e.g. presence in many states, including Jawai, Varanasi, Dalhousie, Jaipur, among others.
