IHC may spend Rs. 2000 crore to open 10 properties under brand Vivanta
- 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.
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.
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.
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.”
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.