InterContinental Hotels Group (IHG), the owner of the Holiday Inn brand will soon launch its maiden property in Kolkata. IHG has partnered with city-based real estate company, Jain Group, to bring Holiday Inn to the city. Built on an area of around one acre, Holiday Inn, Kolkata Airport, situated at New Town is located near Netaji Subhas Chandra Bose International Airport and will have 137 rooms. The total area being developed is around one lakh sq ft and will offer three specialty restaurants and multiple banqueting options besides, swimming pool, gym and other facilities.
Speaking to Food & Hospitality World about the development, Rishi Jain, executive director, Jain Group said, “Kolkata nationally has the highest percentage of occupancy as per the recently published reports. The report also depicts that Kolkata has seen year round occupancy of 70-72 per cent. One of the largest factors contributing to this is that there are very few five-star hotels in the city, which is probably the only metropolitan city of the country having less than 1,000 five-star category rooms. We are delighted to join hands with IHG for the project and are confident about the success of the hotel.”
“The hotel, targeted for business as well as leisure travellers, is likely to be commissioned in October. We are hoping to catch-in on the festive season ahead. An approximate amount of INR 145 crore has been invested in the project, spread over five years. IHG will charge a small percentage for their band as well as managing the hotel,” added Jain.