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IHCL to invest ₹2,500 crore to develop Taj Bandstand hotel
The New Indian Express Bhubaneswar
|February 11, 2025
INDIAN Hotels Company (IHCL), which owns and operates the Taj brand of luxury hotels and a few other souped-down labels, on Monday announced a ₹2,500 crore investment to develop a new 330-key hotel, the Taj Bandstand, in the megapolis, making it the fifth Taj branded hotel in the city, including the iconic Taj Mahal Palace at the Gateway.
The new hotel will come up on a two-acre plot that once housed the Sea Rock Hotel, near the Bandra fort, which the Tatas had bought for ₹680 crore in 2009 and then demolished it and now being rebuilt as the Taj Bandstand with 330 keys, 85 apartments with multiple dining options and a convention center and a commercial complex.
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