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GINGER ANNOUNCES THE SIGNING OF THREE NEW HOTELS

GINGER ANNOUNCES THE SIGNING OF THREE NEW HOTELS

In addition records the highest number of rooms signed in India in FY 2019-2020

Chennai, AUGUST 25, 2020Ginger Hotels announces the signing of three new hotels – two in Chennai and one in Patna – designed around the brand’s lean luxe philosophy of offering a vibrant, contemporary and seamless hospitality experience to its guests. The two Chennai properties will take the total number of Ginger hotels in the city to five, while the Patna property will be the brand’s second hotel in the city.

Commenting on the signings, Ms. Deepika Rao, Managing Director & Chief Executive Officer, Ginger Hotels said, “Ginger Hotels recorded unprecedented growth in FY 2019-2020 with the addition of 1,250 rooms to its portfolio across India – the highest any single brand in the country has signed in the year. These three new signings carry this momentum further.”

The 99-room Ginger located in Sirusari, Chennai is a management contract with M/s KVSN Properties Pvt. Ltd. Ginger Pallavaram, Chennai, which will feature 108 rooms, is a management contract with Ravin Hotels Pvt. Ltd.

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Ginger Bailey Road, Patna with 95 rooms, is strategically located, connecting Danapur and Patna city. This hotel will be a fully fitted lease agreement with PSVS Enterprises LLP.

As state capitals, Chennai and Patna are both high demand markets. With the addition of these hotels in different micro-markets, the Ginger brand deepens its market penetration in cities that are important commercial hubs of India.

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