FHW Staff– Mumbai
InterContinental Hotels Group (IHG) has signed a management agreement with New Delhi real estate developer Sikka to develop Crowne Plaza Taj Expressway Noida. This is part of Sikka’s master plan to develop more than seven million square feet of real estate in the northern part of the country, spanning 12 projects across different cities. The 150-room hotel will be a part of ‘The Downtown’ development in Sector 98 Noida, a mixed-use development which also comprises corporate offices and retail spaces.
IHG has seven Crowne Plaza hotels across India and another six due to open in the next three to five years. The new hotel, expected to open in 2018, will be the second IHG hotel in the city, joining Crowne Plaza Greater Noida which opened last year.
Gurneet Singh Sikka, managing director, Sikka, said, “Hospitality is an important business vertical of Sikka and we are working on strengthening this expertise. IHG is an ideal partner for us as the company brings with it many years of international hotel management experience with leading global brands such as Crowne Plaza. This will complement our local business knowledge and add to our success.”
Pascal Gauvin, chief operating officer, India, Middle East and Africa, IHG, said, “India is a key market for us. It holds our third largest development pipeline globally, behind the US and China and over the next three to five years we will grow by nearly 300 per cent there. The new Crowne Plaza Taj Expressway Noida marks our expansion in a city we’ve just entered and we look forward to working with Sikka to growing our presence in Noida.”