Indian Hotels Company gains on signing Taj Hotel Hessischer Hof in Germany!

The company is primarily engaged in the business of owning, operating & managing hotels, palaces and resorts.

Indian Hotels Company (IHCL) is expanding its presence in Europe with the signing of a deal to manage the Taj Hotel Hessischer Hof in Frankfurt, Germany. The hotel, which was built in 1952 and is owned by the Prince of Hessia, will undergo extensive renovations before reopening in 2025. The 134-room hotel will be a member of The Leading Hotels of the World and will be centrally located close to the Frankfurt trade fair grounds.

The hotel’s extensive refurbishment will feature modern accents that complement the historical structure. Bombay Brasserie, a restaurant known for its eclectic Bombay and Indian cuisine, will open its first Frankfurt location. The Chambers, India’s first exclusive business club, will also open a new outpost at the hotel. Guests can relax at the legendary Jimmy’s Bar, or enjoy the hotel’s elegant banqueting spaces, spa, fitness area, and winter garden.

Today, the stock opened at Rs 428.95, with a high and low of Rs 431.95 and Rs 421.90. The stock has a 52-week high of Rs 436.95 and a 52-week low of Rs 280.20. The current market cap of Indian Hotels Co Ltd is Rs 60,104.24 crore. Presently, promoters hold 38.19% stake in the company, whereas the institutional and non-institutional holdings are 45.82% and 15.98%, respectively.

IHCL is an integral part and represents the hospitality arm of the Tata Group - India’s foremost value-based corporation — a visionary, a pioneer, and a leader, since its inception in 1868. Indian Hotels Company Limited (IHCL) and its subsidiaries offer a fusion of warm Indian hospitality and world-class service through a group of brands, including Taj, SeleQtions, Vivanta, and Ginger. IHCL was founded by Jamsetji Tata in 1903 and opened its first hotel, the Taj Mahal Palace, in Bombay. The company has a portfolio of hotels across continents, countries, and locations, and is South Asia’s largest hospitality company by market capitalisation.

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