Taj Hotels Resorts and Palaces to Mark its Presence in Gurgaon

Company News

Mumbai, July 18

Indian Hotels Company Limited (IHCL) has strategically identified the fast emerging business centers across the country for its domestic expansion. The company extends its presence into the rapidly developing township of Gurgaon, with the proposed development of a 200-room premium business hotel. The Company has entered into a management contract with HB Estate Developers Ltd for this property. The hotel is expected to be ready for operations by the year 2010.

Located in Sector 44 of Gurgaon, the hotel will showcase modernity through its architecture and interior design. The project would stand out in the cornucopia of modern and traditional architecture that is rapidly emerging today in Gurgaon. In an area battling with increasing paucity of water and energy, Taj Business Hotels division intends to make this property completely energy efficient and ecologically friendly.

Commenting on this foray in Gurgaon, Mr. Jamshed Daboo, COO, Taj Business Hotels, said, “This initiative into the burgeoning markets is a key aspect of the domestic expansion strategy. Gurgaon has been in the forefront of rapid growth of corporate traffic, industry and the retail revolution coupled with a booming entertainment business. Strategic location and the timing of the project are the key factors in establishing our presence in this important market.”

Says Mr. Lalit Bhasin, Chairman of HB Estate Developers Ltd, “This is a significant diversification for the company in the rapidly growing hospitality sector and marks our initial entry. We are delighted to partner with the Taj Group and firmly believe that the project will be a resounding success”.

Taj Business Hotels are designed to satisfy all needs of the business traveler. While offering exciting opportunities to de-stress and get entertained, the new Hotel in Gurgaon will offer unprecedented and top-notch business facilities and services. Spacious rooms, inimitable service, high technology, large banqueting and meeting space equipped with conferencing facilities, this premium business hotel will also boast of a state of the art spa and a swimming pool. The Taj will also lend its expertise in the Food and Beverages arena, with 3 restaurants and a bar.

For further information, please contact

Natasha Pal/ Nitisha Agrawal

Vaishnavi Corporate Communications

Tel: 022-6656 8787

email: natasha@vccpl.com; nagrawal@vccpl.com