IHCL signs framework agreement for 7 new Ginger Hotels, adding 1,000 keys

Indian Hotels Company (IHCL) has announced the signing of a framework agreement for 7 new Ginger hotels

The agreement marks a significant step in expanding the Ginger brand in key cities in north India.

Suma Venkatesh, Executive Vice President, Real Estate & Development, IHCL said, “The midscale segment in India continues to witness strong demand driven by the country’s sustained economic growth across manufacturing and service sectors coupled with rising aspirational travellers. This framework agreement for multi-hotel development with Rajdarbar Group reflects the wide spread potential for the Ginger brand across metros, state capitals, commercial centres, industrial townships, pilgrimage destinations and leisure circuits.”

The 7 hotel sites will comprise a mix of greenfield and brownfield developments. This partnership has commenced with the opening of 59-key Ginger Gurugram, Sector 1 in Palam Vihar in Gurugram, Haryana. The pipeline under this agreement will add over 1,000 keys across destinations including Jaipur, Agra, Mathura, Vrindavan, Hisar and Karnal through fully fitted lease arrangements.

Vasudev Rakesh Garg, Director, Rajdarbar Group, said, “The Rajdarbar Group firmly believes in the immense potential of Tier-2 cities in North India and aims to develop Ginger hotels, making them available in key locations such as Jaipur, Agra, Mathura, Vrindavan, Hisar, and Karnal. IHCL has been a pioneer in India’s mid-scale hospitality segment. We are pleased to partner with the re-imagined Ginger across these high potential markets.”