IHG (China) Signs Agreement with JHV for 2 Properties in Varanasi, India
11 Dec 2017 - New Delhi, Dec 11 InterContinental Hotels Group (IHG) today said it has signed a franchise agreement with the JHV group for two new properties consisting of 480 rooms in Varanasi.
A 300-room Crowne Plaza will be owned by Mall Hotel Ltd, a subsidiary of JHV and a 180-room Holiday Inn will be owned by another subsidiary HLA Hotels Ltd, IHG said in a statement.
Both hotels are expected to be operational by 2021.
"With these signings in Varanasi, we continue to be on track to having 150 hotels open or in our pipeline within the next 10-15 years," IHG Vice President, Development, South West Asia Sudeep Jain said.
IHG currently has 30 hotels in 14 cities, having over 5,000 rooms in India, across brands including InterContinental Hotels and Resorts, Crowne Plaza, Holiday Inn and Holiday Inn Express, with a further 33 in the development pipeline.
Jawahar Lal Jaiswal, Chairman, Mall Hotel Ltd said: "With IHG's strong distribution systems, preferred brands and best in class loyalty programme, we are confident of our success with both hotels."