Bengaluru, India, to get third ibis hotel

InterGlobe Hotels, a joint venture between InterGlobe Enterprises and Accor Asia Pacific, has acquired land in Hebbal, Bengaluru (formerly known as Bangalore) to build another ibis hotel. At an estimated project cost of R90 crore, the proposed hotel will have 153 guestrooms.

Currently, IGH has 15 ibis hotels open and operating in India, with Ibis Pune Hinjewadi set launch next month and Ibis Kolkata launching early in 2018. With a total of seven hotels now under development and in the planning stages, IGH’s total inventory in India is projected to be 3,700 rooms by 2021.

IGH already has two ibis hotels open in Bengaluru. “Over the past decade, with the development of large IT parks like Manyata and Karle along with various other standalone commercial buildings, Hebbal has grown into a self-sustaining metropolis and has undergone a makeover,” Shwetank Singh, VP of development & asset management at InterGlobe Hotels, said. The IT parks are also attracting residential development to cater to the workers’ needs, Singh noted.


Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

“InterGlobe Hotels as a company is committed to continue its rapid expansion over the next few years,” Singh said. “With Hebbal, we now have seven hotels in our committed pipeline and several other transactions in advanced stages of negotiations.”

Suggested Articles

Signing a deal a month, Jay Stein has a dream goal of 150 hotels for the company.

The British investment group will commit the capital over the next five years to fund the hotel group’s expansion into U.K. and Portuguese markets. 

David Kelly will oversee the operations of 57 hotels across 26 countries, effective January 1.