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IHCL ADDS ANOTHER INTERNATIONAL DESTINATION TO ITS PORTFOLIO WITH THE SIGNING OF TWO NEW HOTELS IN DHAKA, BANGLADESH
MUMBAI, APRIL 18, 2023:
Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of two new hotels in Dhaka, Bangladesh. The Taj and Vivanta branded hotels will be a part of an integrated complex that will also include high-end retail. These are Greenfield projects.
Speaking on the occasion, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, “We are delighted to debut in Dhaka adding an important international destination to our portfolio. Bangladesh, one of the fastest-growing economies in the world is also the second-largest economy in South Asia. It’s close proximity and cultural affinity to West Bengal with significant IHCL presence makes it a strategic association. We are delighted to partner with Borak Real Estate of the Unique Group, one of the largest business conglomerates in Bangladesh.”
The first mixed-use development project in Dhaka with the two hotels is strategically located at Gulshan, a key business hub in the city and at a short driving distance from the Shahjalal International Airport. The 230-room Taj and the 130-room Vivanta Hotel will offer multiple new culinary options to the city. Both the hotels will feature – day -diners and bars and in addition, the Taj will feature two specialty restaurants, a rooftop bar, and a Deli for on-the-go meals. It will also house large banqueting spaces, and recreational facilities including a pool, spa, gym, and health club. The Chambers, Taj’s exclusive business club will launch its first outpost in Dhaka.
Mr. Mohd. Noor Ali, Managing Director, of Borak Real Estate Ltd, said, “We are thrilled to partner with India’s leading company which is known for its world–class hospitality. These signings will introduce the iconic brand Taj, the Worlds’ Strongest Hotel brand as per Brand Finance in Dhaka, and bring the Vivanta experience to the city.”
Dhaka lying on the Ganges delta is a major port braided with four rivers. The capital city of Bangladesh is also the cultural and economic hub of the country. The ancient city with its rich heritage is an amalgamation of the old and the new.
About Borak Real Estate Limited
Borak Real Estate Limited (BREL) has set benchmarks for real estate development in Bangladesh since the company’s inception in 1991. For over two decades, it has constructed iconic Residential and Commercial buildings including Retail complexes and luxury hotels across strategic locations in the capital city and beyond. At the forefront of exquisite architectural design, BREL is ensuring super structural strength with the highest standards of customer service and excellence.
Borak is credited with introducing and pioneering the revolutionary concept of developing the state-of-the-art 20-storied Unique Trade Centre, the very first intelligent commercial complex with multi-level basements at the heart of the Dhaka metropolitan city.
With a proven track record of delivering the most exclusively designed buildings in Dhaka, Borak Real Estate Limited (BREL) is one of the largest private luxury developers in Bangladesh.
Please visit: www.borakbd.com
About The Indian Hotels Company Limited
The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj– the iconic brand for the most discerning travellers and ranked as the World’s Strongest Hotel Brand and India’s Strongest Brand as per Brand Finance Hotels 50 Report 2022 and India 100 Report 2022, respectively; SeleQtions, a named collection of hotels; Vivanta, sophisticated upscale hotels; and Ginger, which is revolutionising the lean luxe segment.
Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel – The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 260 hotels including 72 under development globally across 4 continents, 11 countries, and in over 100 locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is primarily listed on the BSE and NSE.
