IHG Hotels & Resorts, British multinational hospitality company based in Windsor, Berkshire, England, UK, has signed a management agreement with Yashvi Greenco LL, a hospitality development company based in Surat, known for partnering with international hotel chains for their expansion in the Indian market to develop a 110 - room Holiday Inn Express hotel in Surat, a large city beside the Tapi River in the west Indian state of Gujarat, a relevant commercial centre for textiles highlighted by the New Textile Market area lined with fabric shops.
Surat is also known as the “Silk City” and “Diamond City” of India, famed for diamond cutting/polishing (cutting~90%of the world supply), home to over 5.000 diamond manufacturing units including most advanced large - scale diamond cutting factories in the globe, a rapidly growing city with also a rich colonial history, bustling markets, and a vibrant culinary scene.
The development of the Holiday Inn Express Surat Gauravpath scheduled to open in 2029 marks IHG Hotels & Resorts’ first signing in the city.
The hotel intended to serve the city’s corporate, small – and medium enterprise, and transit demand will be part of a mixed - use development in the Gauravpath corridor, an expressway in Piplod, an upmarket locality in the city of Surat, designed and constructed by the Surat Municipal Corporation as part of a plan to connect Surat City with its airport, Magdalla Sea Port and Dumas Village, in an area known for its industrial base and infrastructure.
Holiday Inn Express Surat Gauravpath will feature 110 comfortable rooms and will join Holiday Inn Express, IHG Hotels & Resort’ largest brand globally, with more 3.200 hotels, and the brand’s Generation 5 design that features flexible workspaces and updated aesthetics for both business and leisure stays.
IHG Hotels & Resorts currently operates 51 hotels across six brands in India, including Crowne Plaza, Holiday Inn Resorts, Holiday Inn Express, InterContinental Hotels and Resorts, Six Senses and voco Hotels. The company has a pipeline of 89 hotels planned for India over the next three to five years.
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