IHC may spend Rs. 2000 crore to open 10 properties under brand Vivanta
01 Apr 2015
  • IHC, the Tata Group-owned hospitality chain is in plans to spend around Rs. 2000 crore to open 10 new properties under its upscale luxury brand Vivanta in the next five years. This will include two hotels in Guwahati and Amritsar with approximately 150 rooms each and one in Dubai.

  • “There is not set number of investment, but it typically costs a crore for a room,” Vijay Veer Singh, chief operating officer (COO), Vivanta Hotels and Resorts said while speaking on the sidelines of the launch of a new Vivanta by Taj property in Dwarka, New Delhi. “We have 6,000 rooms in our 40 hotels at present and we will add 2,000 rooms globally over the next five years,” he said.

  • “At present, we have 30 Vivanta by Taj and 10 other hotels which we run as strategic business units (SBUs) under the company, but they have not been christened as Vivanta as yet,” Singh said.

  • The company, which has Vivanta by Taj resorts in Sri Lanka, the Maldives and Malaysia, also plans to enter West Asia and Africa.

  • “We will be opening one Vivanta property in Dubai in the next three years,” said Singh, adding, “we are actively looking at the African market to expand.”

  • The Vivanta by Taj brand was launched by the Taj Hotels, Resorts and Palaces in September 2010 with 19 hotels in the portfolio. The number of properties under the brand grew to 27 in 2013.