The Indian Hotels Company (IHCL), India’s largest hospitality company, has strengthened its presence in Bhutan by signing an 83-key hotel in Thimphu. This hotel will be rebranded as an IHCL SeleQtions property.

“We are delighted to expand our presence in Bhutan. The country’s growing popularity as a short-haul international getaway, particularly among Indian travelers, presents a significant opportunity for us. Thimphu’s strategic location makes it a natural inclusion in the popular Paro – Thimphu – Phobjikha itinerary, allowing us to create a seamless circuit for those seeking to explore this Himalayan kingdom,” said Suma Venkatesh, Executive Vice President, Real Estate & Development, IHCL.

The hotel conversion will enhance the interiors and offer a diverse range of dining options, including an all-day dining restaurant and bar, as well as a rooftop restaurant with stunning views. The hotel will also feature wellness areas such as a gym, an indoor heated swimming pool, and a spa.

“We are excited to join hands with IHCL, with its legacy of pioneering destinations in the Indian Subcontinent. This partnership will be invaluable in establishing the hotel as the leading choice for travelers visiting Thimphu,” said Ugen Penjor, CEO of Yarkay Group.

Thimphu, the capital city of Bhutan, is known for its breathtaking landscapes and vibrant cultural heritage and is becoming a growing economic center. This expansion strengthens IHCL’s presence in Bhutan, with three hotels under development.

About Yarkay Group:

Yarkay Group, a family-owned business founded in 1970, operates across construction, commercial real estate, hospitality, tours & travels, and film production. The group has undertaken several construction projects over the last five decades. Mr. Ugen Penjor serves as the CEO of Yarkay Group Pvt. Ltd., and Ms. Phub Zam, one of the promoters, was the first woman President of the Bhutan Chamber of Commerce & Industry from 2016 to 2021.

About The Indian Hotels Company Limited (IHCL):

The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj, the iconic brand for discerning travelers, ranked as the World’s Strongest Hotel Brand 2024 and India’s Strongest Brand 2023 by Brand Finance; SeleQtions, a named collection of hotels; Vivanta, sophisticated upscale hotels; and Ginger, which is revolutionizing the lean luxe segment.

Founded by Jamsetji Tata, the company opened its first hotel, The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 322 hotels, including 99 under development, across four continents, 13 countries, and over 130 locations. IHCL is India’s largest hospitality company by market capitalization and is listed on the BSE and NSE.