InterContinental Hotels Group (IHG) signed a management agreement with New Delhi real estate developer Sikka to develop Crowne Plaza Taj Expressway Noida. This is part of Sikka's plan to develop more than seven million square feet of real estate in the northern part of the country, spanning 12 projects across different cities.
The 150-room hotel will be a part of "The Downtown" development in Sector 98 Noida, a mixed-use development which also comprises corporate offices and retail spaces. Located close to the Noida Golf Course Sector-34 while situated 10 minutes from the Atta Market, the hotel will target corporate and leisure travelers alike.
The newly-signed hotel will add to IHG's pipeline of Crowne Plaza properties in the country. IHG has seven Crowne Plaza hotels open across India and another six due to open in the next three to five years. The new hotel, expected to open in 2018, will be the second IHG hotel in the city, joining Crowne Plaza Greater Noida which opened at the end of last year.
IHG currently has 19 hotels in India across four brands: InterContinental, Crowne Plaza, Holiday Inn and Holiday Inn Express. There are 46 hotels in the development pipeline, of which six are Crowne Plaza properties due to open in the next three to five years.
Part of the IHG global portfolio, the Crowne Plaza Hotels & Resorts brand is an upscale hotel brand located in more than 60 countries. Its portfolio has doubled since 2003 to nearly 400 hotels, and the global pipeline has increased fourfold to nearly 100 hotels.