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Articles tagged “Indian Hotels Company”

News Blog

Indian Hotels Company Enjoyed Another Record Quarter

Indian Hotels Company (IHCL) plans to reach a portfolio of 300 hotels by 2025, it said on Tuesday when reporting its earnings. "We are looking to open 18 hotels a year,” said CEO and managing director Puneet Chhatwal. He cited plans to grow through conversions and new construction across India and in West Asia and…

Sean O'Neill | 1 year ago

Hotels

Taj Hotels CEO on the Sweeping Strategy Behind Delivering Best-Ever Financials

Taj parent Indian Hotels Company has a lot going on, all in a good way. CEO Puneet Chhatwal shares with us his plans for building on the 119 year-old legacy of this Indian institution.

Peden Doma Bhutia | 2 years ago

Taj Hotels CEO on the Sweeping Strategy Behind Delivering Best-Ever Financials

News Blog

Indian Hotels Company Had The Best Quarter in Its History: Here’s Why

Tata Group-backed Indian Hotels Company (IHCL) reported what Puneet Chhatwal, its managing director and CEO, called the best first quarter in the company’s history. The hotel brand reported strong free cash flows of almost $25 million and net cash positive of $33 million in its consolidated and standalone financials for the first quarter ending June…

Peden Doma Bhutia | 2 years ago

Hotels

India Enjoys Hotel Development Boom as Room Rates Regain 2019 Levels

In India, deal activity is strong for Indian Hotels Company (IHCL), Pride Group, and India’s first publicly traded real-estate investment trust, Embassy Office Parks. The country is on track to become the third largest lodging market in the world within about a decade.

Sean O'Neill | 2 years ago

India Enjoys Hotel Development Boom as Room Rates Regain 2019 Levels