The Indian Hotels Company Limited (IHCL), one of India’s largest hospitality company, has signed an agreement for a fourth Taj hotel in Dubai in partnership with Ithra Dubai LLC, a wholly owned subsidiary of Investment Corporation of Dubai (ICD).
The hotel, which will be located in the Deira Creek, is projected to open in early 2022 and will be located 15 minutes from Dubai International Airport.
Commenting on the signing of this agreement. IHCL chief executive officer and managing director Puneet Chhatwal said: “The Middle East is a significant market for IHCL. We are honoured to partner with Ithra Dubai for this new hotel in Deira - the historical and cultural centre of Dubai. IHCL has a long tradition of managing marquee hotels with rich heritage links across the world.”
This hotel will be part of Deira Waterfront Development and will feature 200 rooms and suites with waterfront views. The hotel will also include all-day dining and specialty restaurants, a bar and lounge, banqueting facilities and a spa.
IHCL currently operates Taj Dubai in downtown Business Bay and has two new hotels, Taj Jumeirah Lake Towers and Taj Exotica Resort & Spa, The Palm, Dubai slated to open in late 2018 and 2019 respectively.