Jain Group and IHG to Develop Three Holiday Inn Hotels in West Bengal

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. January 31, 2014

Kolkata, India - January 31, 2014 - IHG (InterContinental Hotels Group) one of world's leading hotel companies announced their partnership with prominent real estate company, Jain Group to bring its popular and most recognized hotel brand, Holiday Inn to West Bengal. As a part of the agreement, the hotels will come up in Kolkata, Siliguri and Durgapur within the next two-three years. The hotel will add to IHG's strong pipeline of Holiday Inn brand family hotels, which represent more than 85% of the company's growth in India.

• Holiday Inn Kolkata located next to City Centre 2 in New Town, will have 150 rooms, including four deluxe suites. The hotel will be built on an area of one lakh sq. ft., and will offer three specialty restaurants, two floors of banqueting facilities, swimming pool, gym and a spa.
• Holiday Inn Durgapur will be the first internationally branded hotel in Durgapur, located next to NSHM Knowledge Campus in Muchipara on National Highway 2. Built on an area of 80,000 sq. ft., the hotel will have 100 guest rooms, three banquet halls, a 24-hour coffee shop, three fine-dining restaurants, swimming pool, gym and a salon.
• Holiday Inn Siliguri will be the first internationally branded hotel in the city and North Bengal area. Located on Hillcart Road near Darjeeling More, the hotel will be built on an area of one lakh sq. ft. with 80 rooms, three banquet halls, a 24-hour coffee shop, three specialty restaurants, swimming pool, health club and a salon.

On announcement of the partnership, Douglas Martell, Vice President Operations, South West Asia, IHG said, "It is a significant milestone for us today as IHG marks its entry into the eastern part of the country. Holiday Inn as a brand focuses on needs of both the business and leisure travellers and we are confident that these hotels will address the increasing demands of today's consumers who are familiar with global standards of hospitality. We are delighted to partner with Jain Group for this important step of our growth plans and look forward to a successful partnership."

Commenting on the occasion, Shrayans Jain, Vice Chairman, Jain Group said, "We are pleased to join hands with IHG, one of the biggest hotel companies of the world, for our first venture into the hospitality sector, with the Holiday Inn brand. We are investing over 300 crores in developing the properties. The Holiday Inn, Kolkata is expected to be operational by the end of this year".

Rishi Jain, Executive Director, Jain Group said, "We have commenced work for all the three properties. While the Kolkata hotel will be the first Holiday Inn in Kolkata, the Siliguri and Durgapur hotels will bring international level of hospitality services for the first time to these cities. We look forward to the opening of the hotels as each of the three hotels are situated at premium locations and we are confident of their success."

There are currently eight Holiday Inn hotels in India with presence in New Delhi, Mumbai, Pune, Goa and other key destinations. Having started out as an inn in Memphis Tennessee in the US, the brand has become a well-recognized name across the globe for comfortable stay and guest services.

About the Holiday Inn® brand

With over 1,200 hotels worldwide, the Holiday Inn® brand is the most widely recognized lodging brand in the world. In fact, the Holiday Inn brand was one of the first international hotel brands to establish a presence in China in 1984. The Holiday Inn brand provides the services that business travelers need, while also offering a comfortable atmosphere where all people can relax and enjoy amenities such as restaurants and room service, swimming pools, fitness centers and comfortable lounges. The casual atmosphere and amenities such as meeting and on-site business facilities, Kids Eat and Stay Free programs, and KidSuites rooms at every Holiday Inn Resort hotel demonstrates the long-standing commitment of the Holiday Inn brand to serving travelers and have helped to establish the brand as "America's Favorite Hotel." And now, the Holiday Inn brand has been ranked "Highest in Guest Satisfaction Among Mid-scale Full Service Hotel Chains", according to the J.D. Power and Associates 2011 and 2012 North America Hotel Guest Satisfaction Index StudySM. For more information about Holiday Inn and Holiday Inn Resort, including IHG's vacation resort brand Holiday Inn Club Vacations, or to book reservations, visit www.holidayinn.com. Find us on Twitter http://www.twitter.com/holidayinn or Facebook www.Facebook.com/holidayinnhotels.

About Jain Group

The Jain Group is one of the most dynamic and admired organizations in the Infrastructure, Finance, Hospitality and Real Estate sector in Eastern India. More than three decades ago, the visionary Founder and CMD of the Group, Mr Prem Jain, had established the auto financing division christening it as Jain Finance Corporation. The Group has to its credit an array of achievements and is recognized today as a seasoned player in the field of automobile finance. The Group successfully ventured into Real Estate by creating a series of residential spaces at strategic locations in Kolkata under the aegis of 'Dream Homes'.

Guided by its vision, fuelled by enthusiasm, strengthened by a strong dedicated work force and advantaged with advanced building technologies, the Jain Group is committed to give shape to the future of not just Kolkata, but many more cities spread across the country. The Group has diversified into 5 Star Hotels, IT Parks, Malls, Villas and Farm Houses and infrastructure development projects in recent years. The first couple of Bengali Film industry, Mr Prosenjit Chatterjee & Ms Arpita Chatterjee has been signed as Brand Ambassadors of the Jain Group.