IHG Hotels & Resorts, a prominent global hotel company, recently entered into a management agreement with Saryu Properties Hotels Pvt Ltd (a part of the K Raheja Group Family) to transform two hotels in Mumbai. These properties will be rebranded as voco Mumbai Powai Hotel & Convention Centre and Holiday Inn Express & Suites – Mumbai Powai.
This signing will mark the debut of Intercontinental’s voco brand in Western India and bring a new Holiday Inn Express & Suites to Mumbai, India (Bharat).
Commenting on the signings, Sudeep Jain, Managing Director, South-West Asia, IHG Hotels & Resorts said, “We are thrilled to announce the signing of two hotels in Mumbai, in partnership with Saryu Properties & Hotels Pvt Ltd. The city offers a wealth of opportunities for the hospitality sector, and we are excited to contribute to its economic growth.”
Holiday Inn Express & Suites Mumbai Powai and Voco Mumbai Powai Hotel & Convention Centre are presently in the development stage, with planned openings in Q4 2023-2024 and Q2 2024-2025, respectively.
Both hotels will enjoy a strategic positioning within Powai, a thriving start-up hub in the city, making them attractive to a wide range of business and leisure travelers. Powai boasts numerous educational institutions, the Hiranandani Business Park, SEZ Parks, and various commercial complexes.
The location is conveniently situated just a short drive away from the Chhatrapati Shivaji Maharaj International Airport, ensuring excellent accessibility. Upon their inauguration, both hotels can anticipate significant demand from neighboring businesses, corporations, and IT companies.
Nikhil K Raheja, Managing Director, SPHPL shared “We Believe this Partnership will assist us to deliver World Class Hospitality in Powai, Mumbai. Over the years, we have seen the growth of the locality and the change in dynamics with the New International Airport, Metro proximity and the Proposed Aarey Development. This signing is a testament to IHG’s commitment to grow its footprint in India by bringing the right brands to the right markets.”
