Taj announces its First Gateway Property

Mumbai, July 24: Indian Hotels Company Limited (IHCL) has entered into a Management Contract for a Gateway Hotel in Hinjewadi, Pune, with Paranjape Schemes Construction Ltd. This new hotel will be a part of the Taj Business Hotels portfolio.

Jamshed S. Dabboo, COO, Taj Business Hotels, said, 'The launch of our first Gateway hotel in Pune is further to our endeavour of aggressive domestic expansion. In the last few years, Pune has emerged as a favoured business and investment destination and economic growth center in the country with a diversified mix of industries such as IT, ITeS, Automobiles and Manufacturing. This strategic move will help us to consolidate our position in Pune which is one of our key cities in the domestic circuit'.

Indian Hotels have strategically focussed on Hinjewadi for its second property as it is the fastest growing IT and Biotech site in Pune. The location for the new Gateway property is located about one and half km from Phase 1 of Hinjewadi along the road leading to the Pune-Mumbai expressway.

The hotel will also be located in the vicinity of major areas of economic development where companies such as Infosys, Wipro, Tata Technologies, Cognizant, among others have already set up their bases, while Deloitte Consulting, HP, Dell Computers, TCS are amongst the 100 odd companies planning to be a part of the next phase of development in Hinjewadi, a release said.

UNI