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IHCL partners with Madison to develop ten Ginger hotels in South India, targeting the mid-scale market.
Indian Hotels Company (IHCL) has partnered with Madison, a hospitality platform of Terminus Group and JV Ventures, to develop ten new Ginger hotels in South India over the next three years.
The project, costing around ₹500 crore, includes over 1,000 keys and began with a 75-key hotel in Genome Valley, Telangana.
This capital-light venture targets the growing mid-scale hotel market for aspiring travelers.
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IHCL colabora con Madison para desarrollar diez hoteles Ginger en el sur de la India, dirigidos al mercado de escala media.