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Ibis to infuse over Rs 500 cr to add 685 keys across four hotels

Monday, 18 Oct 2021
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Lifestyle focused mid-segment international hotel chain Ibis, a part of the French hospitality major Accor Group and a joint venture (JV) with Interglobe Hotels, will be investing over Rs 500 crore to add four more properties offering 685 keys by FY24.

Ibis, which recently opened its 20th property in the country at Vikroli in Mumbai offering 249 keys making it the largest, operates 3,808 rooms across 20 properties in 13 cities -- three of them in the megapolis alone -- in the country.

The JV has invested over Rs 2,700 crore since it began operations in 2008 with the maiden property in Gurugram, Haryana.

The 15-floor tall Ibis Vikhroli will cost the property developer Rs 230 crore. Interglobe Hotels is the hospitality arm of the holding company of country's largest airline Indigo.

The new hotels will be operational between 2022 and 2023 and will come up at Hebbal in Bengaluru offering 153 rooms by Q3/2022; in Thane near Mumbai offering 184 rooms by May 2022; at Kalina in central Mumbai with 206 keys by Q1/2024 and making it the fourth Ibis in in the megaplois; and the second Ibis Styles at Vagator in Goa offering 142-keys by the end of 2033.

The operational 20 Ibis hotels are across New Delhi, Gurugram, Mumbai, Kolkata, Pune, Hyderabad, Chennai, Kochi, Coimbatore, Jaipur, Nashik, Bengaluru, and Goa, offering an inventory of 3,808 keys.

Of the 55 Accor properties under 10 brands, 21 are mid-scale Novotel hotels and 20 are economy Ibis hotels.

The Accor Group, which offers over 10,000 keys across 55 properties in 25 cities, employs around 7,000 in the country. The group has 17 properties in the pipeline offering between 1,200 and 1,500 more keys over the next two years.


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