IHCL Unveils Flagship Ginger At Mumbai Airport, Shares Up 271% In 3-Yrs

Indian Hotels Company (IHCL), India's largest hospitality company, on November 10 announced the opening of Ginger Mumbai, Airport. The 371 keys flagship Ginger hotel, strategically located near the domestic airport will introduce the brand's lean luxe design and service philosophy of offering a vibrant, contemporary, and seamless hospitality experience to its guests.

Speaking on the occasion, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL, said, "The opening of Ginger Mumbai Airport is a significant milestone in the transformation journey of the brand which now has over two third of its operating hotels in the upgraded new lean luxe identity."

He added, "India's economic growth and rapidly expanding infrastructure presents the largest opportunity for the mid‐scale segment. Having pioneered the segment in India, IHCL is set to launch similar large format hotels at Bengaluru and Goa airports, further revolutionising the mid‐scale hotel category."

The 371 keys hotel offers thoughtfully curated rooms designed to prioritize convenience and comfort, catering to the needs of both business and leisure travelers. Guests can savor delectable culinary delights at Qmin - the signature all‐day diner or enjoy the vibe at the lively Sports Bar and work out at the state‐of‐the‐art fitness center. The over 3,000 sq. ft. banquet hall along with two meeting rooms and a lounge, make it an ideal choice for business gatherings and social events.

Ginger Mumbai, Airport's prime location provides easy access to Mumbai's business hubs including Bandra Kurla Complex, key exhibition and convention centres as well as major tourist attractions at Juhu and Bandra.

Last trading price of IHCL share on BSE 409.45 per share with intraday gain of 1.09%. Its 52-week high price is Rs 436.25 per share and 52-week low price is Rs 280.20 per share, respectively. The large cap hotel sector stock has a market capitalisation of Rs 58,158.29 crore. IHCL stock soared 29% YTD, gained 95% in last 2-years, and offered return of 271% in last 3-years.