The Indian Hotels Company Limited (IHCL) Signs its Fourth Taj Hotel in Dubai
Mumbai, September 18, 2018: The Indian Hotels Company Limited (IHCL), India’s largest and most iconic hospitality company announced the signing of a new Taj hotel at the Deira Creek in Dubai in partnership with Ithra Dubai LLC, a wholly owned subsidiary of Investment Corporation of Dubai (ICD).
Commenting on the signing of this agreement, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer at The Indian Hotels Company Limited (IHCL) said, “The Middle East is a significant market for IHCL. We are honoured to partner with Ithra Dubai for this new hotel in Deira - the historical and cultural center of Dubai. IHCL has a long tradition of managing marquee hotels with rich heritage links across the world.”
The new Taj hotel is a Greenfield project slated to open in early 2022, conveniently positioned 15 minutes from Dubai International Airport. This hotel will be part of Deira Waterfront Development – one of Dubai’s most significant rejuvenation projects. An urban oasis, the hotel will have approximately 200 spacious rooms and suites with a selection of rooms cantilevered over the water, with scenic waterfront views. The hotel will include all-day dining and specialty restaurants, a bar and lounge, banqueting facilities and a spa.
Commenting on the partnership, Mr. Issam Galadari, Chief Executive Director, Ithra Dubai LLC, said, “We are delighted to partner with The Indian Hotels Company Limited and look forward to working with them to bring the iconic Taj brand to the Deira Waterfront Development in Dubai.”
Deira is a culturally rich and vibrant part of Dubai which has been part of a major international trade route since time immemorial. Some of the popular attractions in Deira include the Spice Market, Gold Souk, Women’s Museum, Heritage House and the Dubai Dolphinarium.
IHCL also operates Taj Dubai in downtown Business Bay and has two new hotels, Taj Jumeirah Lake Towers and Taj Exotica Resort & Spa, The Palm, Dubai opening in late 2018 and 2019 respectively.
About Ithra Dubai LLC
Wholly owned by Investment Corporation of Dubai (ICD), Ithra Dubai LLC was established to develop and manage strategic real estate assets locally in Dubai and globally. Through real estate development and asset management, Ithra Dubai aims to build strategic sectors, enrich societies and bring value to communities, both for the people of Dubai and those beyond its borders.
Inspired by the grand vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, for the ongoing evolvement and development of the Emirate and its people, Ithra Dubai’s rich portfolio of projects are designed to embrace diversity, shape happy communities and bring prosperity to many through an array of local and international projects.
The portfolio of real estate projects deliver mixed-use, inclusive communities, commercial, residential, leisure and retail spaces, and quality hospitality and education facilities.
About The Indian Hotels Company Limited
The Indian Hotels Company Limited (IHCL) and its subsidiaries, bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the hallmark of iconic hospitality, Vivanta with its collection of sophisticated upscale hotels, and Ginger which is revolutionizing the lean luxury segment.
Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel - the Taj Mahal Palace, in Bombay in 1903. IHCL operates 170 hotels including 25 under development globally across 4 continents, 12 countries and in over 80 locations.
The Indian Hotels Company Limited (IHCL) is amongst South Asia’s largest Indian hospitality company by market capitalization. It is primarily listed on the BSE and NSE.
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