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Taj GVK Signs 20-year Hotel Deal with Indian Hotels for Yelahanka

Synopsis:


Taj GVK Hotels has entered a 20-year hotel management agreement with Indian Hotels Company Limited (IHCL) for a new 5-star hotel in Yelahanka, Bengaluru. The agreement covers 200 rooms and associated premium facilities.


Source:
Taj GVK Hotel & Resorts Limited Press Release (NSE Exchange Filings) | Published on Oct 13, 2025

Disclaimer: This content has been published for informational purposes only. Bajaj Broking is not affiliated with, nor does it endorse or assume any responsibility for, the source material. Readers are advised to consult the original publication for complete and accurate context.

Taj GVK Hotels’ News Today

As quoted in the press release from Taj GVK Hotels and its news (NSE Exchange Filings), the company has signed a 20-year hotel management agreement with Indian Hotels Company Limited (IHCL). The agreement covers the upcoming 5-star property at Yelahanka, Bengaluru. According to the regulatory disclosure dated 14 October 2025, this partnership formalises operational responsibilities and brand affiliation under the Taj brand.

The collaboration strengthens Taj GVK’s association with Indian Hotels, aligning the property with IHCL’s existing portfolio of premium hotels across India. The hotel is planned with modern facilities, covering approximately 200 rooms, banqueting areas, and dining spaces.

Also read: Lodha Acquires 100% Stake in Chaitanya Bilva for ₹500 Crore

TAJ GVK HOTELS & RESORTS

Trade

412.7-6.39 (-1.52 %)

Updated - 14 October 2025
420.95day high
DAY HIGH
411.45day low
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202814
VOLUME (BSE)

Key Takeaway

  • Taj GVK signs a 20-year hotel management agreement with Indian Hotels.

  • The property is a 5-star hotel located in Yelahanka, Bengaluru.

  • Indian Hotels will manage 200 rooms under the Taj brand.

  • The agreement was disclosed to the NSE on 13 October 2025.

Agreement Details

The 20-year agreement outlines the management responsibilities of Indian Hotels under the Taj brand for the Yelahanka property. The arrangement includes brand licensing, operations management, and hotel administration. Taj GVK Hotels will retain ownership of the property while IHCL will oversee its hospitality operations.

As per the filing submitted to the National Stock Exchange (NSE), both parties have agreed to standard commercial terms applicable to long-term management contracts. The filing also noted that this marks an extension of the existing business relationship between the two companies, which already co-own and operate several hotels under the Taj portfolio.

Scope of the Partnership

The Yelahanka project will feature a 5-star hotel with around 200 guest rooms and suites, along with conference facilities and dining venues. The management contract grants Indian Hotels the authority to handle all aspects of day-to-day operations, marketing, and brand positioning under the Taj name.

According to the official filing, the agreement has a duration of 20 years starting from the commencement of operations. Taj GVK and IHCL confirmed that the contract includes all necessary terms for revenue sharing, operational standards, and quality compliance.

Contract Information

Parameter

Detail

Owner

Taj GVK Hotels and Resorts Limited

Operator

Indian Hotels Company Limited (IHCL)

Hotel Brand

Taj

Property Location

Yelahanka, Bengaluru

Hotel Category

5-Star

Number of Rooms

200

Agreement Duration

20 Years

Ownership Structure

Owned by Taj GVK, managed by IHCL

Exchange Source

National Stock Exchange (NSE)

Business and Operational Context

Taj GVK Hotels has been associated with Indian Hotels for several years through joint ventures across multiple Indian cities. The latest agreement expands this association into Bengaluru, marking a new addition to the Taj brand’s southern region portfolio.

Taj GVK stated that the arrangement is consistent with its business model of owning premium properties operated by IHCL under the Taj brand. Indian Hotels will provide the required management expertise and brand integration support under the terms of the contract.

Market Reaction and Taj GVK Hotels’ Share Price Update

As of 13 October 2025, at 15:30 PM IST, Taj GVK Hotels’ share price on the NSE stood at ₹418.05, up 1.01% intraday.

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