Indian Hotels Co taps Singapore sovereign wealth fund for hotel investment JV
Indian conglomerate Tata Group’s hospitality unit Indian Hotels Company is teaming up with Singapore’s sovereign wealth fund GIC to buy hotel assets across India.
The two firms will form a $600 million joint venture to identify suitable properties.
They will focus on underperforming properties in the luxury, upper upscale and upscale segments.
IHC will manage the properties under its various established brands which include Taj Hotels, Vivanta and Ginger.
"As a long-term investor, we are confident on the outlook of India’s hospitality sector. We look forward to working closely with established partners such as IHCL to pursue attractive opportunities," said Kok Sun Lee, GIC Real Estate’s chief investment officer.
The equity split into the new joint venture will be 70% from GIC and 30% from Indian Hotels Company.
Separately, Indian Hotels Company signed management contracts for 22 new hotel properties last year.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025