IHCL DEBUTS IN KOLHAPUR, MAHARASHTRA WITH THE SIGNING OF A GINGER HOTEL

MUMBAI, July 11, 2023: Indian Hotels Company (IHCL), India's largest hospitality company, today announced the signing of its first hotel in Kolhapur, Maharashtra under the Ginger brand. The hotel is a Greenfield project and will be designed around the brand’s lean luxe design and service philosophy of offering a vibrant, contemporary, and a seamless hospitality experience to its guests.

Commenting on the occasion, Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL, stated, " IHCL with its diverse portfolio of brands has witnessed a rapid expansion in Tier 1 and 2 cities. Well known for its tourism potential and an established commercial hub, Kolhapur is one of the leading cities in the state of Maharashtra. We are delighted to partner with Jeswani Group for this Ginger hotel."

The 100-key hotel is strategically located in the city centre at a short driving distance from both the Kolhapur airport as well as important commercial districts. The hotel will feature Qmin, the signature all -day-diner offering a wide range of delectable culinary options. Additionally, there will be a well-equipped fitness center and meeting rooms.

“We are excited to be associated with IHCL, India’s leading hospitality company. This will be the first Ginger hotel in the city of Kolhapur.” said, Ramchand Jeswani, Managing Director, Jeswani Group. of Companies

Kolhapur, located on the banks of Panchaganga River, is renowned for its rich cultural heritage and historical significance. The city attracts tourists from around the world with its magnificent temples, exquisite architecture, and traditional arts and crafts.

With the addition of this hotel, IHCL will have 31 hotels in Maharashtra, including 11 under development.

About Jeswani Group of Companies

Jeswani Group of Companies has been the pioneer of ice manufacturing industry in Kolhapur since 1971. They are also present in the real estate business. They own and manage a 63-room hotel in the heart of the city for past 27 years as well.

About The Indian Hotels Company Limited

The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for the most discerning travellers and ranked as India’s Strongest Brand 2023 as per Brand Finance; SeleQtions, a named collection of hotels; Vivanta, sophisticated upscale hotels; and Ginger, which is revolutionising the lean luxe segment

Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel - The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 270 hotels including 79 under development globally across 4 continents, 11 countries and in over 100 locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is primarily listed on the BSE and NSE.

Please visit: www.ihcltata.com; www.tajhotels.com; www.seleqtionshotels.com; www.vivantahotels.com; www.gingerhotels.com

For more information, please contact: kirti.dhingra@ihcltata.com