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InterGlobe Hotels to invest about Rs 550 crore on two new properties by 2025, ET RealEstate

The company a 60:40 joint venture between InterGlobe Enterprises Pvt Ltd and Accor Asia Pacific opened its new ibis Styles hotel here and plans to open a new property under the ibis brand in Mumbai by the end of next year, followed by the launch of a new hotel under the Novotel brand in Bengaluru early 2025.

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InterGlobe Hotels to invest about Rs 550 cr on two new properties by 2025

InterGlobe Hotels to invest about Rs 550 cr on two new properties by 2025
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hotels: InterGlobe Hotels to invest about Rs 550 cr on two new properties by 2025

InterGlobe Hotels, a joint venture between InterGlobe Enterprises and Accor Asia Pacific, plans to invest approximately Rs 550 crore to open two new properties in Mumbai and Bengaluru by 2025. The company recently launched an ibis Styles hotel in Vagator and aims to open an ibis brand hotel in Mumbai by the end of next year, followed by a Novotel brand hotel in Bengaluru in early 2025.

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InterGlobe Hotels to invest about Rs 550 crore on two new properties by 2025

InterGlobe Hotels, established in 2004 to develop a network of 'ibis' hotels throughout India, Nepal, Sri Lanka, and Bangladesh, has committed an investment of Rs 6,000 crore across 30 hotels, he added. Get more Real Estate News and Business News on Zee Business.

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India Inc s foreign investment rose over two-times to $2 51 billion in April: RBI

India Inc s foreign investment rose over two-times to $2 51 billion in April: RBI
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