TATA group company to operate Cochin Airport's hotel project with Rs 100 crore investment
TATA group’s Indian Hotels Company Limited (IHCL), which owns the luxury hotel brand ‘Taj’, will operate Cochin International Airport Limited’s (CIAL) five-star hotel at the airport premises with an estimated investment of Rs 100 crore. CIAL constructed the hotel, which is ideally located near the airport entrance, as part of its land utilisation programme and also to provide the passengers with hospitality services at par with international standards. Taj CIAL at Cochin Airport is expected to be launched by middle of 2024.
The airport said it has awarded the contract to IHCL with Rs 100 crore expected to be invested by the company for standardisation of its interiors in accordance with the Tata brand’s grade. CIAL has completed the civil, mechanical, electrical, and plumbing works of the hotel and it will be handed over to IHCL soon for the development of the interiors.
As per the contract, IHCL will share a percentage of the gross revenue generated from its operation with CIAL.
CIAL’s star hotel project is going to be a 112-room five-star hotel spreading across four acres of land very next to the airport entrance, occupying a building footprint of 2.04 lakh sq ft. The hotel is located opposite Cochin International Airport and boasts an uninterrupted view of the airport on one side and the mountains on the other.
