Nepal's First and only billion-dollar corporation listed by Forbes, CG Hospitality has signed an agreement with Tata Group�s hospitality arm, Indian Hotels Company Limited. Under the agreement, CG Hospitality will be managing the group's luxury hotel, Taj Jumeirah Lake Towers in Dubai, marking its first hotel in the region.
The group intends to invest in several more luxury properties in the region. �This venture marks the strengthening of our bond and global partnership with IHCL,� said Rahul Chaudhary, Managing Director, CG Hospitality.
�Together, we are partners with IHCL in ten of their iconic Taj properties across different regions in the world, which have set new hospitality and luxury standards. We are confident that in Dubai, too, we will set new benchmarks in luxury hospitality. Taj Jumeirah Lakes Towers Dubai will help us make deep inroads into an important Middle East market,� he further added.
With this investment, CG Hospitality has established its HQ in Dubai to cover the Middle-East, Europe and Africa markets. Poised to be one of the most iconic hotels in CG Hospitality�s portfolio, the hotel will also be the first in the world where Nepal�s national flag will fly proudly.
CG Hospitality began its journey partnering with Tata Group 20 years ago through their hospitality arm IHCL which owns the Taj Brand. This partnership has evolved over the years and CG Hospitality owns some of the most iconic assets globally with Taj Brands such as Taj Samudra, Sri Lanka, Taj Exotica Resort & Spa and Taj Coral Reef Resort & Spa in the Maldives, Taj Safari Lodges, India, Vivanta Kathmandu, and Meghauli Serai, A Taj Safari.
CG Hospitality owns and operates 130 hotels and resorts with 6507 keys in 11 countries and 87 destinations. Focused on �Vision 2022�, its portfolio is expected to grow to over 200 hotels globally.