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Brigade Signed Agreement to Develop IHG Hotel in Hyderabad

02 May 20243 mins read by Angel One
The agreement between both brands is in line with IHG’s strategy to expand its luxury and lifestyle portfolio and Brigade’s plan to develop its hospitality footprint in Hyderabad.
Brigade Signed Agreement to Develop IHG Hotel in Hyderabad
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On April 25, 2024, Brigade Group, through an exchange filing, announced that it had signed a management agreement with IHG Hotels & Resorts, a global hospitality company to debut the InterContinental brand in Telangana − InterContinental Hyderabad Neopolis. InterContinental Hyderabad Neopolis is likely to open in 2029, and this newly constructed hotel is expected to be an integral part of Brigade’s upcoming mixed-use development.

The 300-room InterContinental Hyderabad Neopolis is scheduled to feature five dining options when it opens, including two specialised restaurants, a lobby lounge and a signature restaurant. In addition, a retail store, a spa, a swimming pool, a fitness centre, and conference spaces are all suggested amenities for the hotel. It is suggested that the hotel have eight conference rooms, including a large ballroom, to accommodate MICE demands and big social functions.

“We are happy to once again partner with an internationally and locally trusted hospitality brand like IHG, this time to bring the InterContinental brand to Hyderabad. With a combination of an ideal location and IHG’s scale of global systems, technology, and loyalty programme, we hope that InterContinental Hyderabad Neopolis will become a preferred choice for business, leisure and spiritual travellers visiting the region. After Holiday Inn Chennai OMR IT Expressway, Holiday Inn Bengaluru Racecourse and Holiday Inn Express & Suites Bengaluru OMR, this will be our fourth hotel in partnership with IHG,” said Nirupa Shankar, Jt. Managing Director of Brigade Enterprises Limited

“We are once again delighted to partner with Brigade Enterprises Ltd to introduce our luxury & lifestyle brand, InterContinental, to the city of Hyderabad. Hyderabad is gaining prominence as one of the best cities in the country with the upcoming IT sector, global retail presence and heavy industries. This can present an appealing opportunity for us to deliver unparalleled luxury experiences to a new set of travellers,” said Sudeep Jain, Managing Director, South West Asia, IHG Hotels & Resorts.

He further added, “The signing is an opportunity to bring quality luxury accommodation to the city, catering to the growing needs of diverse travellers and contributing to the city’s economic development. In line with our strategy to expand our luxury brands in the country, we look forward to welcoming guests and providing them with luxury amenities that InterContinental is renowned for.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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