In the picture from left – Mayank Agarwal, Shobhit Agarwal, Partners at AD Estate Developers, Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL and Rajendra Misra, Executive Vice President & General Counsel, IHCL
The Indian Hotels Company Limited (IHCL) announced the signing of a new Vivanta branded hotel in Gorakhpur, Uttar Pradesh. This hotel is owned by AD Estate Developers under a management contract by Vivanta.
A mixed-use development project, Vivanta Gorakhpur will be the 13th IHCL branded hotel in Uttar Pradesh, strengthening the company’s presence in the state. The hotel will comprise 110 guest rooms and other features including multi-cuisine restaurants, recreation facilities and modern meeting spaces. It is slated to open in 2022.
Commenting on the signing of this agreement, Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, “Gorakhpur’s hospitality market is in its nascent stage, enabling IHCL to have an early mover’s advantage to capture the growing lodging demand in the city. We are pleased to partner with AD Estate Developers in bringing the Vivanta brand to Gorakhpur.”
Commenting on the partnership, Shobhit Agarwal, Partner, AD Estate Developers said, “We are proud to partner with IHCL, a company renowned as the pioneers of the Indian hospitality industry.”
Gorakhpur is a city situated along the banks of the Rapti River in the north-eastern part of Uttar Pradesh. It is conveniently located near the Nepal border and is a famous religious centre. It is home to many historic Buddhist sites.
AD Estate Developers, is a joint venture between Gallantt group and Shobhit Agarwal, a prominent developer based in Gorakhpur.