IHG to open two new hotels in Delhi

NEW DELHI: Hospitality major, InterContinental Hotels Group today announced its plan to expand its presence in India with the development of two new properties in the national capital. The international hospitality brand would start developing the two hotels Holiday Inn and InterContinental at Mayur Vihar, in East Delhi this year and expects to complete them by 2011.

"Both these properties will further add to our planned growth in India. "New Delhi is one of the most exciting business cities in the Indian sub-continent. With its booming IT and ITeS and numerous other industries, New Delhi commands amongst the highest average room rate...in the country," IHG South West Asia Director operations Michael Herrmann said in a statement.

The site for the two hotels is part of the Mayur Vihar business centre, which comprises office space, shopping malls, corporate housing and public buildings. He said the new properties would match the international standards of the company. It would be managed by IHG and developed by Eros, a leading real estate developer in India.

"The signing of the InterContinental and the Holiday Inn, Mayur Vihar has further strengthened our already strong relationship with IHG. The fact that both the properties are adjoining each other, gives us the opportunity to target a very wide market segment," InterContinental Eros Director Amit Rai Sood said. Hotel Intercontinental Mayur Vihar would have 200 rooms and Holiday Inn Mayur Vihar would have 264 rooms, the statement added.