Sources familiar with the development told DNA Money that the Gateway hotel brand is going in cold storage. According to a May 2016 corporate presentation by IHCL for investors, the company had 32 Gateway branded hotels with 2,804 guestrooms while the Vivanta branded hotels and resorts had 40 hotels with 5,521 guestrooms. The number of Gateway hotels, however, has declined to 25 hotels (from 27 in February 2017) despite addition of Pune hotel. It remains to be seen how IHCL will approach the soon-to-be opened Gateway branded hotels in Tirupati, Andhra Pradesh and Theog, Himachal Pradesh. The number of Taj branded hotels have increased from 30 hotels (in May 2016) to 46 at present.

Source: dna April 09, 2018 23:26 UTC