IHG Hotels & Resorts announced an expansion in Mumbai through a partnership with Nikhil K Raheja and Vijayta Raheja. In this collaboration, IHG will introduce its new five-star brand, voco, and a Holiday Inn Express & Suites property in Mumbai. A management agreement was signed with Saryu Properties & Hotels to transform two Mumbai hotels into voco Mumbai Powai Hotel & Convention Centre and Holiday Inn Express & Suites?Mumbai Powai. Holiday Inn Express & Suites Mumbai Powai and voco Mumbai Powai, both in the development phase, are set to open in the fourth quarter of the financial year 2023-24 and the second quarter of the financial year 2024-25, respectively. Vijayta Raheja, director and spokesperson of Saryu Properties & Hotels, mentioned, "We have been in dialogue with IHG for about a year now. We have two properties in Powai. One is a 160-key hotel, and the other is a 134-key hotel. They are currently closed for renovations. We are converting one into a five-star hotel under their brand voco, which is gaining popularity in markets like Singapore, Hong Kong, Dubai, New York, and Europe. The other will be a business hotel under the label of Holiday Inn Express & Suites, designed for business travellers."