November 12, 2018
The Indian Hotels Company signs a new hotel in Bhubaneswar, Odisha
Strategic domestic expansion to drive growth momentum
Mumbai: The Indian Hotels Company (IHCL), South Asia’s largest and most iconic hospitality company, today announced its second hotel in Odisha with the signing of a new Vivanta hotel in Bhubaneswar through a management contract with Lifeline Multi-Ventures. The signing is in line with the company’s strategic expansion plans for driving aggressive growth.
|From left, Jagadish Prasad Naik, MD, Lifeline Multi-Ventures, and Puneet Chhatwal, MD and CEO, the Indian Hotels Company, at the signing of the new hotel in Bhubaneswar|
Commenting on the signing, Puneet Chhatwal, managing director and chief executive officer, IHCL, said, “The signing of Vivanta Bhubaneswar is in line with Aspiration 2022 and our domestic expansion strategy of consolidating presence in key capital cities. Bhubaneswar has emerged as one of the fast-growing, important trading and commercial hubs in Odisha and eastern India. It offers immense potential for both leisure and business travellers. We are delighted to partner with Lifeline Multi-Ventures for this hotel.”
Vivanta Bhubaneswar, located at Patrapada in Kalinga Nagar, is part of DN Regalia Mall, a mixed use development. The hotel will comprise 137 well-furnished guest rooms and other features, including multi-cuisine restaurants, recreation facilities, modern meeting spaces, well-equipped conference rooms and banqueting facilities. It is slated to open in early 2020.
Commenting on the partnership, Jagadish Prasad Naik, managing director, Lifeline Multi –Ventures, said “We are proud to partner with IHCL. We are delighted that through this association with the pioneers of the Indian hospitality industry, we are introducing the Vivanta brand to Bhubaneswar.”
Bhubaneswar is the administrative, political and financial capital of Odisha. It is one of modern India's first planned and fastest-developing cities. Bhubaneswar is also an emerging information technology and education hub. The city is supposed to have over 1000 temples, earning it the tag of 'Temple City of India'. With Puri and Konark it forms the Swarna Tribhuja (‘Golden Triangle’), one of eastern India's most visited destinations.