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IHG signs management agreement with NR Greenwood Construction

25 Feb 2021 (Last Updated February 25th, 2021 15:59)

IHG Hotels and Resorts has signed a management agreement in partnership with NR Greenwood Construction for the Staybridge Suites Bengaluru Thanisandra in India.

IHG signs management agreement with NR Greenwood Construction
The hotel will benefit from the strong demand for extended stay branded hospitality options. Credit: bottlein from Pixabay.

IHG Hotels and Resorts has signed a management agreement in partnership with NR Greenwood Construction for the Staybridge Suites Bengaluru Thanisandra in India.

The 170-room hotel will debut in the ‘Silicon Valley of India’, Bengaluru and is expected to be operational in the first quarter of 2023.

It is expected to benefit from the strong demand for extended stay branded hospitality options in the city.

IHG South West Asia managing director Sudeep Jain said: “We are delighted to expand our portfolio in the country and introduce our global long stay brand, Staybridge Suites, to the Indian market.

“The thriving corporate sector in Bengaluru and limited hospitality options for long stay travellers presents strong prospects for the success of the new hotel and will also pave the way for brand’s expansion in other cities.”

Staybridge Suites Bengaluru Thanisandra serves as a perfect destination for business as well as leisure travellers and offers a residential-style hotel experience.

The hotel will also feature two meeting rooms, a 300m² dining room, and provide facilities such as a business centre and a gym.

NR Greenwood Construction managing director Sridhar said: “With this signing, we are pleased to venture into the Indian hotel sector and partner with a reputed hospitality player like IHG, which makes us confident in the success of this project.”

The hotel benefits from a strategic location and will be in close proximity to the Manyata Tech Park.

IHG’s upscale extended stay hotel brand Staybridge Suites provides amenities such as a fully equipped kitchen in suites, a dedicated outdoor space, among others.