Indian Hotels plans Rs 5,000 crore investment

MUMBAI: Indian Hotels (IHCL), the oldest operating company of the Tata Group, plans to invest Rs 5,000 crore over the next five years with the goal of doubling its hotel count and revenue by 2030. The investment will be used to build new hotels, refurbish existing properties, and expand restaurant brands and club lounges. IHCL aims to achieve a revenue of Rs 15,000 crore by fiscal 2030, up from Rs 7,000 crore in fiscal 2024, and increase its hotel count to 700 by fiscal 2030 from 350 hotels in fiscal 2024.

It will be constructing two resorts in Lakshadweep, two hotels in Ekta Nagar, Gujarat, two properties in Goa, a 300-key hotel in Shiroda, Maharashtra and a 400-room property in Mumbai. The projects will be funded through internal accruals..