Date: October 2018
Location: Udaipur, India
Name: Holiday Inn Udaipur Urban Square – opening 2022
No. of Keys: 195
Seller: The hotel will be an integral part of the upcoming Urban Square, an integrated hospitality, retail and entertainment destination that covers an estimated 1.8-million square feet.
Buyer: IHG has signed a management agreement with Bhumika Enterprises Private Ltd. for the Holiday Inn Udaipur Urban Square, a group company within The Poddar Group, started in 1961 and headed up today by Uddhav Poddar.
The signing marks IHG’s entry in Udaipur, a city that is experiencing an upswing in visitor arrivals.
The development also features large banquet and conference facilities, commercial office spaces and studio suites. The hotel also will have 12,000 square feet of meeting space, including a ballroom that can accommodate up to 1,000 guests.
The hotel will be a 30-minute drive from the Maharana Pratap Airport and a 7-minute drive from the city centre. Additionally, the hotel, located on NH8, is expected to attract travellers using the six-lane roads connecting Ahmedabad, Udaipur, Jaipur and Nathdwara, a popular religious destination.
According to Sudeep Jain, VP/development, Southwest Asia, IHG, “Urban Square is set to develop as a landmark destination for hospitality, retail and family entertainment in Udaipur and we are pleased to be a part of this prestigious development.
Udaipur is one of the most sought-after destinations in India attracting domestic as well as international travellers, for leisure, MICE and weddings, and we are very excited to be establishing our presence in this growing market.
“The Holiday Inn brand family is our growth driver in the mid-scale hotel segment in India, and we have accelerated our expansion this year with a number of signings across the country.”
THPT Comment: IHG are quite rare in India, with less than 30 hotels across the country, so welcome to their HI in Udaipur and look forward to seeing more.
First Seen: Hotel Management