Latest news with #AGGroup
Yahoo
11-06-2025
- Business
- Yahoo
IHG partners with AG Group to open new Holiday Inn in Gujarat, India
IHG Hotels & Resorts has entered a management agreement with Atithi Gokul Hotel Inns (AG Group) to establish a new Holiday Inn hotel in Ahmedabad, Gujarat, India. This move is part of IHG's strategic expansion in high-potential Indian markets, focusing on key urban, commercial, and leisure centres. IHG Southwest Asia managing director Sudeep Jain said: "Ahmedabad has emerged as a key destination with robust demand across industrial, commercial, and educational sectors. With our trusted brand and global distribution network, we are confident that the new hotel will be well-positioned to serve the needs of modern travellers in the city, as well as will drive strong returns for the owners. 'India continues to remain a priority market for IHG, globally, and we are on a strong growth trajectory here, driven by our portfolio of well-loved brands. The Holiday Inn brand family has seen phenomenal success in the market and will continue to play a key role in our growth ambitions for India. " With more than 1,200 Holiday Inn hotels worldwide, the brand continues to cater to both business and leisure travellers. Set to launch by the third quarter of 2028, the upcoming 150-room hotel will be a component of Highline, a mixed-use development that includes residential and commercial spaces. Available facilities include multiple dining options, a ballroom, a fitness centre, a swimming pool, and parking. AG Group managing director Vikram Bharvad said: "With a strong demand in the hospitality industry in Ahmedabad, we are pleased to partner with IHG Hotels & Resorts to bring the globally recognised Holiday Inn brand to Ahmedabad. 'With strategic location, quality infrastructure, and growing commercial importance, the city offers strong potential for branded hospitality. We look forward to delivering a memorable stay experience backed by IHG's expertise and service excellence." Located along the Sarkhej–Gandhinagar Highway, the hotel will offer convenient access to various institutions and corporate hubs. Ahmedabad is India's second-largest cotton producer, a major exporter of gems and jewellery, and the nation's foremost denim supplier. IHG's current Indian portfolio includes 50 hotels across six brands, with a pipeline of 63 hotels set to open in the next three to five years. Additionally, IHG unveiled a similar management agreement with Peachery to develop a Holiday Inn hotel in Ujjain, Madhya Pradesh, also slated to open in 2028. "IHG partners with AG Group to open new Holiday Inn in Gujarat, India" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hospitality Net
11-06-2025
- Business
- Hospitality Net
IHG Hotels & Resorts strengthens presence in Gujarat with the signing of Holiday Inn Ahmedabad
IHG®Hotels & Resorts, one of the world's leading hotel companies, has signed a management agreement with Atithi Gokul Hotel Inns Pvt Ltd (Part of AG Group, Ahmedabad) to develop a new hotel, "Holiday Inn Ahmedabad". Scheduled to open in the third quarter of 2028, the hotel reflects IHG's strategy to expand its presence in high-potential markets across India, offering guests trusted, quality hospitality in key urban, commercial and leisure centers. Renowned globally with over 1,200 open hotels, IHG's Holiday Inn® brand has consistently evolved over the years to meet the needs of modern travellers. Known for its warm and welcoming service that helps guests make the most of their journey and its consistent offerings, the brand remains a preferred choice among both business and leisure travellers. The Holiday Inn brand family has received exceptional response in India and the latest signing reflects a great brand fit for travellers and owners alike. Holiday Inn Ahmedabad, the 150-key hotel will form part of Highline - a mixed use development comprising residential and commercial spaces. Positioned strategically along the Sarkhej-Gandhinagar Highway, will benefit from excellent connectivity to government institutions, educational hubs, corporate offices, and IT parks, making it an ideal choice for business and transient travellers visiting the city. Guests at the hotel will have access to well-appointed rooms and suites, three vibrant dining options including an All-Day Dining restaurant and Lobby Lounge, as well as a ballroom, fitness centre, swimming pool, and ample parking, delivering on the Holiday Inn brand promise of making travel more relaxed and enjoyable. Recognised as one of India's major commercial and manufacturing centres, Ahmedabad plays a crucial role in sectors such as textiles, pharmaceuticals, chemicals, petrochemicals, and automobiles. It is the second-largest cotton producer in India, a leading exporter of gems and jewellery, and the largest denim supplier in the country. As the state capital of Gujarat and the seventh-largest metropolis in India, Ahmedabad offers a vibrant mix of industry, culture, and commerce making it an ideal market for IHG's expansion. IHG® currently has 50 hotels operating across six brands in India, including Six Senses, InterContinental Hotels and Resorts®, Crowne Plaza®, voco™ Hotels, Holiday Inn Resort® and Holiday Inn Express®, and a strong pipeline of 63 hotels due to open in the next 3-5 years. Hotel website
Time of India
31-05-2025
- Business
- Time of India
A'bad-G'nagar hospitality sector getting bigger
1 2 A hmedabad: The hospitality scene is getting bigger in Ahmedabad and Gandhinagar with the twin cities set to add 1,200-plus room keys in five new upcoming premium hotel projects. Currently, the city has at least 6,500 keys in the five-star hotel category. On Thursday, Ahmedabad realty firm AG Group signed a contract with InterContinental Hotels Group (IHG) for a 150-key Holiday Inn hotel along the New Science City area. This mixed-use project spread over 1.6 million sq ft comprises residential towers and the hotel, with AG Group committing an investment of Rs 200 crore for the hotel alone. Gandhinagar-based Kavyaratna Group too recently signed a contract with Hyatt Hotels Corporation for a new property in GIFT City. Sources familiar with the development confirmed that the hospitality chain is slated to come up with another property in Sanand Industrial Estate. From global chains expanding their presence to strategic locations being tapped for business and leisure travellers, the influx signals growing investor confidence in Gujarat's economic hub. Vikram Bharwad, director of AG Group, said, "We will build a 1.25 lakh sq ft hotel, which will be managed by IHG. Construction will be completed by 2028. We also plan to launch at least five more hotels and resorts in various parts of the country in the years to come." "Ahmedabad-Gandhinagar and GIFT City are developing as attractive hubs for businesses and industrial growth. That apart, being home to the world's largest cricket stadium at Motera, Ahmedabad has hosted iconic tournaments like the ICC Men's Cricket World Cup, British rock band Coldplay's live concert, and Indian Premier League (IPL) matches. The city's stature is rising not just as an industrial and business district but also as a cultural, sports, and events hub, which is bound to drive travellers from across the globe to this city. As a result, hospitality investments are on the rise in this region," said Narendra Somani, president, Hotels and Restaurants' Association (HRA) – Gujarat. IHG is also planning more expansions in the region. Sandip Jain, MD, IHG Group, said, "This will be the third hotel by IHG Hotels and Resorts in Ahmedabad. The city has seen growing demand from guests and corporates with increasing business activities and growing income. We currently have around 240 rooms in two hotel brands in the city, and this contract will add around 150 rooms." Sources confirmed that Marriott International's luxury hotel brand, St Regis, is also likely to come up along Sabarmati Riverfront's west bank. TOI had reported that Marriott International is in talks to set up a hotel under its brand JW Marriott at the Adani Shantigram campus on SG Road. The American hospitality major's existing property in the Ramdevnagar area of Ahmedabad is all set for a revamp and rebranding as Le Meridien. SK Patel, chairman of Kavyaratna Group, said, "We are developing a 210-room hotel, spread over 2.40 lakh sq ft with an investment of around Rs 450 crore. GIFT City is emerging as a global financial hub, offering good opportunities for the hospitality sector." Adani Group is also in advanced talks to develop Aerocity at Sardar Vallabhbhai Patel International (SVPI) airport in Ahmedabad, which will house hotels, a convention centre, and retail spaces.
