Main Photo: A suite at IHCL’s flagship hotel, The Taj Mahal Mumbai
Date: September 2020
Location: Shiroda, Sindhudurg, Maharashtra, India
No of Keys: 150 including 46 Villas
Seller: The land has been leased from the Government of Maharashtra.
Buyer: Indian Hotels Company (IHCL), South Asia’s largest hospitality company, announced the signing of a luxury hotel in Shiroda, India. Commenting on the signing, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, “We thank the Government of Maharashtra for enabling and supporting us with this project. IHCL has pioneered many destinations and put locations like Rajasthan, Kerala, Goa, Coorg, and the Andamans on the global tourist map. With the help of the Ministry of Tourism and the Government of Maharashtra, we will be able to create a world class beach resort in the idyllic destination of Shiroda. This development will create and enhance employment opportunities whilst contributing to tourism revenues to the state of Maharashtra.”
The luxury resort spread over 138 acres will have 150 rooms including 46 villas. It will have multiple restaurants, a bar and conference facilities. A state-of-the-art wellness facility under IHCL’s brand of Jiva Spa will also be part of the project. The large open spaces will be transformed into beautifully landscaped gardens, outdoor entertainment and sports facilities.
Guests are constantly seeking newer and unexplored destinations.
Shiroda, with its beautiful and pristine beaches, is just the right location to create a new high-end tourist destination in Maharashtra. There are two new airports being developed – at Mopa in Goa and at Chipi in Maharashtra. These will make this destination even more accessible to tourists.
Shiroda is a small village in the Sindhudurg district in Maharashtra. It is a virgin, unpolluted piece of paradise with long stretches of golden beach in a picture postcard perfect setting of lush greenery and swaying coconut palms. It is also famous for its Vetoba Temple and the popular Malvani cuisine.
With the addition of this hotel, IHCL will have 27 hotels across brands in Maharashtra. IHCL is the parent company of Taj Hotels – the hallmark of iconic hospitality and India’s Strongest Brand as per Brand Finance India 100 2020 report, SeleQtions, a named collection of hotels, Vivanta, sophisticated upscale hotels and Ginger, which is revolutionising the lean luxe segment.
THPT Comment: 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 205 hotels including 44 under development globally across 4 continents, 12 countries and in over 100 locations. IHCL is South Asia’s largest hospitality company by market capitalisation, and has done well under the steady guiding hand of Puneet Chhatwal, who took over as CEO in November 2017.
First Seen: IHCL press release
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