IHCL ties up with Muthoot for Gateway Hotel at Kochi

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Mumbai, Oct 14 (UNI) Indian Hotels Company Limited (IHCL), a subsidiary of Taj chain of Hotels and resorts, and Muthoot Hotels&Infrastructure Ventures have entered into a management contract to develop a 200-room Gateway Hotel in Kochi.

The Gateway Hotel will be strategically located near Kochi International Airport, IT hubs and Cochin Special Economic Zone (SEZ), announced a release today.

''This initiative into the burgeoning markets is a key aspect of the domestic expansion strategy and Kochi has been in the forefront of rapid growth. Strategic location and the timing of the project are the key factors in establishing our presence in this important market,'' Indian Hotels Company Managing Director and Chief Executive Officer Raymond Bickson said in the release.

UNI ZC RN NP2115

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