IHG & K RAHEJA Sign for Two Hotels in Mumbai

IHG® Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with Saryu Properties Hotels Pvt Ltd (Part of the K Raheja Group Family) to convert two hotels in Mumbai into voco Mumbai Powai Hotel & Convention Centre and Holiday Inn Express & Suites - Mumbai Powai.

This signing will see the debut of Intercontinental’s voco brand in Western India and bring a new Holiday Inn Express & Suites to Mumbai, India / Bharat.

Commenting on the signings, Sudeep Jain, Managing Director, South-West Asia, IHG Hotels & Resorts said, “We are thrilled to announce the signing of two hotels in Mumbai, in partnership with Saryu Properties & Hotels Pvt Ltd. The city offers a wealth of opportunities for the hospitality sector, and we are excited to contribute to its economic growth.”

Currently in the development phase, Holiday Inn Express & Suites Mumbai Powai and Voco Mumbai Powai Hotel & Convention Centre are scheduled to open in Q4 2023-2024 and Q2 2024-2025 respectively. 

Both hotels will be strategically located in the city’s burgeoning start-up hub of Powai, appealing to a diverse array of business and leisure travellers. Powai is home to several educational institutions, Hiranandani Business Park, SEZ Parks and other commercial complexes. 

The area is a short drive from the Chhatrapati Shivaji Maharaj International Airport, making it an extremely accessible locality. Once opened, both hotels will see demands from nearby businesses, corporations and IT companies. 

Nikhil K Raheja, Managing Director, SPHPL shared “We Believe this Partnership will assist us to deliver World Class Hospitality in Powai, Mumbai. Over the years, we have seen the growth of the locality and the change in dynamics with the New International Airport, Metro proximity and the Proposed Aarey Development. This signing is a testament to IHG’s commitment to grow its footprint in India by bringing the right brands to the right markets.”