Tata Group to list Ginger Hotels

Hospitality — By on August 16, 2010 at 1:59 pm

Mumbai: The Tata Group promoted Indian Hotels Company Limited (IHCL) is planning to list its two-star economy buget hotel chain Ginger Hotels (Roots Corporation Ltd) on stock exchanges as part of the company’s expansion plans. The hotel chain would be listed in the next couple of years depending on a ‘series of circumstances’, Ratan Tata, chairman of the Tata Group told the shareholders of IHCL during its annual general meeting (AGM), today in Mumbai. Currently IHCL has 21 Ginger hotels and targets to expand it to 80 hotels over the next five years.

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