· At an estimated project cost of approximately INR 150 crores, the proposed hotel will feature 195 rooms and also include a large meeting space.
· Currently IGH has 14 operational ibis hotels in India and another three in Kochi, Coimbatore and Pune over the next two-three months.
· Located within the Thane Central Business District (CBD), the ibis site will cater to accommodation demand generated both from Thane CBD as well as the nearby Wagle Industrial Estate
New Delhi, 21 December 2016 - InterGlobe Hotels has concluded a land deal in Thane, Mumbai to build another ibis hotel in the fast growing sub-urban town of Thane. The land acquisition is part of a longstanding JV between Accor Hotels and InterGlobe Hotels established in 2004.
Currently, IGH has 14 ibis hotels operational in India with another three in Kochi, Coimbatore and Pune, Hinjewadi are set to launch in the next calendar year. The group’s property in Kolkata which is under construction will be operational by the end of 2018. Furthermore, the expansion of the ibis New Delhi Aerocity from the current 315 rooms to its full inventory of 445 is scheduled for January 2017. With another 6 hotels under development and planning, IGH’s total inventory in India is projected to be 3,600 rooms by 2020.
Strategically located close to the Viviana Mall and surrounded by some of the key commercial, retail and hospitality developments of the region, the location is a preferred destination for business travellers to the region. The ibis Thane proposes to feature a 195-key hotel and over 300 sq. meters of meeting space.
Shwetank Singh- VP Development & Asset Management of InterGlobe Hotels, developers of IBIS Hotels, said, “In our continuous effort to roll out ibis hotels across key strategic locations, with this deal, we are marking our entry into one of Mumbai’s fast growing business hubs - Thane. ibis Thane will be a perfect destination catering to both leisure and business needs. We are viewing this land deal with a great deal of optimism and will continue with our strong focus on new expansions in the future as well. We already have two properties operational in the Mumbai area near the Mumbai airport & Navi Mumbai and another two under planning & construction. Ibis Thane will be our fifth project in the city. Over the past decade, Thane has grown from a small suburban town on the outskirts of Mumbai to a self-sustaining metropolis and has undergone a makeover from being an industrial area with affordable residential housing to a now-favoured IT and relatively upmarket residential destination. All these prospects make Thane an excellent choice for us to build our property.”
ABOUT IBIS
Ibis, AccorHotels’ economy brand, promises modernity, comfort and service at the best price. The brand innovates constantly to offer its guests even more modernity, comfort and availability. It created revolutionary bedding concept Sweet BedTM by ibis; welcoming, designer common areas and the modern food and beverage offer, ibis kitchen. It also cultivates the spirit of service that drives each of its employees. Ibis is recognized across the world for its quality, reliability and commitment to the environment. It was created in 1974 and is now the European leader in economy hotels and the fourth hotel chain in its category worldwide with over 1,060 hotels and 135,000 rooms in 64 countries.
ABOUT INTERGLOBE HOTELS
InterGlobe Hotels is a joint venture between InterGlobe Enterprises and Accor Asia Pacific, established in 2004, to develop a network of 'ibis' hotels throughout India, Nepal, Sri Lanka and Bangladesh. This represents one of the most noteworthy financial commitments made to the mid-market hotel segment in India by any Indian corporate entity and international hotel chain. With 14 hotels now open and 6 under development, the company shall have a portfolio of 20 operational hotels with room inventory of about 3,600 rooms by 2020. InterGlobe as a brand is famous for Insight, Ingenuity and Diligence and it sustains these attributes through delivery of new perspectives, operational excellence and generosity of spirit. By challenging conventional thinking and industry norms, IGH devises creative processes and new implementation methods to bring about operational excellence in their performance. InterGlobe imagines the future through experimentation and exploration and comes out with surprising discoveries in a different way.