Hampton Sky Realty Ltd, a leading real estate development company, has taken a significant step in enhancing Ludhiana’s hospitality sector. Partnering with Indian Hotels Company Limited (IHCL), the initiative aims to introduce world-class hotel facilities to the region, benefiting both leisure and business travellers.
Under the partnership, Hampton will construct a premium hotel property at Mangli Nichhi, Ludhiana Chandigarh Highway. Operated by IHCL under the “Gateway” brand, the hotel promises a luxurious experience with amenities like an all-day dining restaurant, speciality dining options, banquet halls, a swimming pool, and a health club. This venture is expected to elevate Ludhiana’s appeal as a business and leisure destination.
The second property, under the “Ginger” brand by IHCL’s subsidiary Roots Corporation Limited (RCL), will provide a budget-friendly yet modern hospitality option. Offering approximately 100 guest rooms, along with dining, meeting, and fitness facilities, the Ginger Hotel ensures quality services catering to diverse traveller needs. This collaboration includes a lease agreement between Hampton and RCL, ensuring a streamlined operation post-construction.
Indian Hotels Company Limited (IHCL) is a leading name in India’s hospitality industry. Along with its subsidiaries, IHCL offers a wide range of services across luxury, upscale, upper-upscale, lean luxury, and midscale segments. Its global footprint spans four continents, 12 countries, and more than 100 cities.
As of December 18, 2024, 2:36 PM, the shares of IHCL are trading at ₹881.85 per share with an uptick of 0.28% from its previous day’s closing price. Over the last month, the stock has seen a surge of 19.60%. While over the year the stock has risen by 96.41%. The stock of Sonata Software Ltd. has a 52-week high and 52-week low of ₹883.95 and ₹416.90 respectively.
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.
Published on: Dec 18, 2024, 4:15 PM IST
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