InterContinental Hotels Group (IHG) has signed an agreement with leading Indian real estate developer Eros to manage two hotels in New Delhi.
The first of the properties will be a 200-room InterContinental and the second will be a 264-room Holiday Inn. Construction has commenced on both, which are scheduled to open in 2011.
They will be in a complex in a residential suburb of Mayur Vihar in East Delhi. The hotels will be linked to offices and premium residences, with easy access to nearby technology parks and industrial belts.
”These two strategically located hotels will appeal to corporate and leisure travellers and will showcase global InterContinental and Holiday Inn brand standards,” said IHG Southwest Asia director of operations, Michael Herrmann. ”This signing enhances IHG”s aggressive growth across India and further strengthens the company”s long-term relationship with EOS.
”The location within the new integrated complex will give us the opportunity of targeting a wide market segment,” said Eros director, Amit Rai Sood. ”The partnership will combine our experience in property development and IHG”s strength in hotel management to ensure future success.”