IHCL signs new property at Thimphu, expands presence in Bhutan

New Delhi: Tata group hospitality firm Indian Hotels Company Ltd (IHCL) on Tuesday said it has signed an 83-key hotel at Thimphu in Bhutan.

The new hotel will be rebranded to an IHCL SeleQtions, and this expansion strengthens the company's presence in Bhutan with three hotels under development, IHCL said in a statement.

"The country's growing popularity as a short-haul international getaway, particularly amongst Indian travellers, presents a significant opportunity for us," IHCL Executive Vice President, Real Estate & Development, Suma Venkatesh said.