NEWS | Interglobe Hotels to invest Rs 600 cr in 13 new hotels

InterGlobe Hotels, a joint venture between hospitality major Accor and InterGlobe Enterprises, will open 13 new hotels under economy brand ‘ibis’ across the country by 2015, pushing in an investment of nearly Rs 600 crore exclusive of land cost of the projects. “We will be opening 13 new hotels across India by 2015 and adding 2,000 rooms.

NEWS | InterGlobe Hotels plans to have 21 properties across India by 2015

InterGlobe Hotels Pvt Ltd, JV between Accor (40 per cent) and InterGlobe (60 per cent) plans to have 21 hotels with 3600 rooms operational across various cities in India by 2015. Currently, InterGlobe has seven hotels operational in cities including Mumbai, Navi Mumbai, Bengaluru, Pune, Nashik and Gurgaon. By the end of this year, InterGlobe Hotels will open ibis Hotels at Jaipur with 145 rooms and Delhi (Aerocity) with 465 rooms. This information was revealed by Uttam Dave,

Accor and InterGlobe establish Indian hotel fund

A new investment fund that focuses on a portfolio of Indian hotel assets has been established by Accor and InterGlobe Enterprises, with each of them holding 32% equity in the fund.