Tata group company to operate Cochin Airport's hotel project
Real Estate

Tata group company to operate Cochin Airport's hotel project

The Tata group's Indian Hotels Company (IHCL), which owns the luxury hotel brand 'Taj', will operate Cochin International Airport's (CIAL) five-star hotel on airport grounds with an estimated investment of Rs 1 billion, according to a release.

CIAL built the hotel, which is conveniently located near the airport entrance, as part of its land utilisation programme and to provide passengers with international-standard hospitality services. The Taj CIAL at Cochin Airport is scheduled to open in the middle of 2024. The airport announced that it had awarded the contract to IHCL, with the company expected to invest Rs 1 billion in standardising its interiors in accordance with the Tata brand's grade.

CIAL has completed the hotel's civil, mechanical, electrical, and plumbing works, and it will be handed over to IHCL soon for interior development. According to the terms of the agreement, IHCL will receive a percentage of the gross revenue generated by its partnership with CIAL.

CIAL Managing Director S Suhas commented on the collaboration, saying that it will give a boost to the airport operator's development plan, which includes integrating aviation with the tourism and hospitality sectors.

''We are excited about this collaboration. We hope that this collaboration will spur our plan to increase revenue from non-aero verticals because the Taj Group is one of the world's most renowned luxury hotel operators. With the introduction of a new fleet of aircraft by Tata-owned Air India, CIAL anticipates exponential growth in air traffic movement.' 'CIAL is hoping that this agreement will broaden the scope for a more meaningful partnership with one of the world's largest airlines,'' Suhas added.

He attributed the successful bidding process for CIAL's ambitious hotel project to the guidance provided by Kerala Chief Minister Pinarayi Vijayan, who is also the chairman of CIAL and its Board of Directors.

The Taj Group stated that the project would become one of Kerala's most luxurious properties. They currently have nearly 20 properties operating or upcoming in Kerala, and this project will be the fifth in Kochi and the third largest.

CIAL's star hotel project will be a 112-room five-star hotel spread across four acres of land near the airport entrance, with a building footprint of 2.04 lakh sq ft. The hotel is directly across the street from Cochin International Airport and has an unobstructed view of the airport on one side and the mountains on the other.

CIAL owns an 18-hole golf course, a convention centre, and plans to expand its hospitality portfolio by adding more non-aero projects, including a commercial zone, after completing its ultra-luxurious business jet terminal in December 2022.

Also Read
Government plans to build 45 km of roads each day in FY24
India aims to build 37 new roads along the India-China border

The Tata group's Indian Hotels Company (IHCL), which owns the luxury hotel brand 'Taj', will operate Cochin International Airport's (CIAL) five-star hotel on airport grounds with an estimated investment of Rs 1 billion, according to a release. CIAL built the hotel, which is conveniently located near the airport entrance, as part of its land utilisation programme and to provide passengers with international-standard hospitality services. The Taj CIAL at Cochin Airport is scheduled to open in the middle of 2024. The airport announced that it had awarded the contract to IHCL, with the company expected to invest Rs 1 billion in standardising its interiors in accordance with the Tata brand's grade. CIAL has completed the hotel's civil, mechanical, electrical, and plumbing works, and it will be handed over to IHCL soon for interior development. According to the terms of the agreement, IHCL will receive a percentage of the gross revenue generated by its partnership with CIAL. CIAL Managing Director S Suhas commented on the collaboration, saying that it will give a boost to the airport operator's development plan, which includes integrating aviation with the tourism and hospitality sectors. ''We are excited about this collaboration. We hope that this collaboration will spur our plan to increase revenue from non-aero verticals because the Taj Group is one of the world's most renowned luxury hotel operators. With the introduction of a new fleet of aircraft by Tata-owned Air India, CIAL anticipates exponential growth in air traffic movement.' 'CIAL is hoping that this agreement will broaden the scope for a more meaningful partnership with one of the world's largest airlines,'' Suhas added. He attributed the successful bidding process for CIAL's ambitious hotel project to the guidance provided by Kerala Chief Minister Pinarayi Vijayan, who is also the chairman of CIAL and its Board of Directors. The Taj Group stated that the project would become one of Kerala's most luxurious properties. They currently have nearly 20 properties operating or upcoming in Kerala, and this project will be the fifth in Kochi and the third largest. CIAL's star hotel project will be a 112-room five-star hotel spread across four acres of land near the airport entrance, with a building footprint of 2.04 lakh sq ft. The hotel is directly across the street from Cochin International Airport and has an unobstructed view of the airport on one side and the mountains on the other. CIAL owns an 18-hole golf course, a convention centre, and plans to expand its hospitality portfolio by adding more non-aero projects, including a commercial zone, after completing its ultra-luxurious business jet terminal in December 2022. Also Read Government plans to build 45 km of roads each day in FY24 India aims to build 37 new roads along the India-China border

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?