IHG Continues to Expand Holiday Inn Portfolio with a Signing in Karnataka
Holiday Inn Resort Sakleshpur Western Ghats will be the first Holiday Inn Resort to open in South of India
India, August 19th, 2020:InterContinental Hotels Group(IHG), one of worlds leading hotel companies, has signed a management agreement with Riteway and Medha Projects to bring a Holiday Inn Resort to the state of Karnataka. Offering 126 well appointed rooms, Holiday Inn Resort Sakleshpur Western Ghats is expected to open its doors to guests in Q1 2023.
Underscoring industry confidence despite challenging times, this is the second signing announced by IHG in India in last three months.
Located on the Western Ghats mountain range, in the state of Karnataka, Sakleshpur is in close proximity to Bengaluru, and is a great destination for leisure travellers looking to spend quality time amidst nature or explore various historic monuments and sites the city has to offer.
Located 6 kilometres from the main Bengaluru and Mangalore highway, on opening, Holiday Inn Resort Sakleshpur Western Ghats will offer varied dining options to guests with four FB outlets, including an All-Day Dining, a bar, a speciality restaurant and a lobby lounge. The hotel will also feature 518 sqm of meetings space across three venues, including a 359 sqm ballroom well suited for various MICE events. The resort will feature a pool, a fitness centre and a spa for guests to relax and rejuvenate. For travellers driving down from the nearby cities, Holiday Inn Resort Sakleshpur Western Ghats will feature ample parking space. Additionally, positioned as a complete destination on its own, the resort will house a retail outlet, an indoor recreation centre and an outdoor recreation facility making it a perfect destination for vacationers or guests on corporate retreats.
Sudeep Jain, Managing Director, South West Asia, IHG commented:We are thrilled to announce the signing of our first Holiday Inn Resort in southern India, in partnership with Riteway and Medha Projects. In a country driven by domestic tourism, our Holiday Inn hotels and resorts are great destinations for travellers looking for activities and amenities to keep the whole family engaged and relaxed, and we are committed to expand the brand to new markets in India. On opening in 2023, I am confident that Holiday Inn Resort Sakleshpur Western Ghats will be an excellent choice for travellers looking for a relaxing staycation or vacation in a beautiful hill station or guests looking to organize MICE events in unique and serene surroundings. Domestic travel will become ever more important in the coming years. The value proposition that the Holiday Inn brand offers to the owners and guests is apt and will be exemplified in the new Holiday Inn Resort in Sakleshpur.
He added: "The signing is testament to the confidence our owners and partners hold in IHG, despite the current impact of the global pandemic on our industry. In last three months, we have not only signed more hotels but with easing of restrictions, we have also opened existing and new properties in India to offer safe and reliable experiences that guests are looking for at this time, powered by IHGs Way of Clean and our Clean Promise.
Mr. Babu Reddy, Managing Partner, Riteway and Medha Projects: We are thrilled to join hands for the upcoming Holiday Inn Resort Sakleshpur Western Ghats - the first Holiday Inn Resort in Southern India, and are happy to become a part of IHGs global family. With the combination of the natural bounties of the Western Ghats, a preferred brand like Holiday Inn and IHGs proven expertise, we are confident that on opening, the new Holiday Inn Resort will offer unique experiences to guests visiting Sakleshpur and will become a preferred destination for travelers visiting this part of India.
Sakleshpur is popular for its mountains, scenic beauty and pleasant weather. Appealing to a wide range of tourists, Sakleshpur is home to the18th century Manjarabad Fort, Sakleshwara Temple, Agni Gudda Hill, Magajahalli Waterfalls, Betta Byraveshwara Temple, Hemavathi Dam, Pandavar Gudda and Agni Gudda. The hill station is also famous for trekking activities in Bisle Reserve Forest Trail and Kumara Parvatha trail known for its biodiversity.
Catering to a wide range of audience, IHG has 36 hotels in India across mainstream, upscale and luxury segments and 43 in the pipeline.
*numbers as of June 30th
IHG(InterContinental Hotels Group)[LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, includingSix Senses Hotels Resorts Spas,Regent Hotels Resorts,InterContinentalHotels Resorts,KimptonHotels Restaurants,Hotel Indigo,EVENHotels,HUALUXEHotels and Resorts,Crowne PlazaHotels Resorts,voco,Holiday InnHotels Resorts,Holiday Inn Express,Holiday Inn Club Vacations,avid hotels,Staybridge Suites,Atwell Suites, andCandlewood Suites.
IHG franchises, leases, manages or owns more than 5,900 hotels and approximately 884,000 guest rooms in more than 100 countries, with over 1,900 hotels in its development pipeline. IHG also managesIHGRewards Club, our global loyalty programme, which has more than 100 million enrolled members.
InterContinental Hotels Group PLCis the Groups holding company and is incorporated in Great Britain and registered in England and Wales. More than 400,000 people work across IHGs hotels and corporate offices globally.
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About Riteway and Medha Projects
Riteway and Medha Projects is a Bangalore-based experienced real estate investment firm engaged in construction development of commercial spaces and residential apartments land primarily in the state of Karnataka. Riteway and Medha Projects is a Partnership firm, governed under the Partnership Act with TC Babu Reddy, AL Kalyan Babu and Sachin V Setty as the Managing Partners.