Tata Sons sets up asset arm for Indian Hotels

First Of Its Kind

- SWARAJ BAGGONKAR

TATA SONS HAS taken a significant step to support the growth of Indian Hotels Company (IHCL) through a new hospitality asset platform. This strategic move will allow IHCL, which operates the Taj, Vivanta, SeleQtions and Ginger brands, to run hotels on properties directly acquired by Tata Sons, a first-of-its-kind structure within the group's hospitality history.

The platform's debut project is a 195-room Ginger hotel currently under construction near the Kolkata airport. Tata Sons recently purchased the asset, and once completed, it will be operated by IHCL under a revenue-sharing lease agreement. This marks the first instance of a non-hospitality Tata Group entity directly acquiring a hotel asset to be managed by IHCL.