IHG to bring the iconic InterContinental brand to Kodaikanal

IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a management agreement with Adyar Gate Hotels to develop InterContinental Kodaikanal Resort. Slated to open in 2028, the resort marks an exciting new addition to IHG’s luxury portfolio in India and aligns with the group’s strategy to expand lifestyle and luxury brands in key leisure destinations across the country. This signing marks the debut of the InterContinental brand in Kodaikanal and the sixth (open and in the pipeline) in the country, following successful ventures in Chennai, Mumbai, Jaipur, Hyderabad and Delhi.

Perched at 7,200 feet, Kodaikanal is celebrated for its breathtaking landscapes, pleasant climate, and rich colonial heritage, making it one of South India’s most popular getaway destinations for high end leisure and corporate clientele. Known as the "Princess of Hills," Kodaikanal attracts a growing number of visitors each year from Tamil Nadu and nearby states like Karnataka, Telangana, and Maharashtra. The destination's allure lies not only in its scenic beauty but also in its outdoor activities, from trekking and boating owing to its consistently pleasant weather.

Once opened, InterContinental Kodaikanal Resort will feature 100 guest rooms with cottages, and a variety of luxury amenities to cater to both leisure and corporate guests. These include five dining options: All Day Dining, Specialty Restaurant, Lobby Lounge, Pool Bar, InterContinental Club Lounge, ensuring a delightful F&B experience for all guests. For guests looking to unwind and relax, the hotel will feature a pool, fitness centre and a spa. InterContinental Kodaikanal Resort will also feature two meeting spaces, including a ballroom catering to social gatherings and MICE opportunities.

Commenting on the signing, Sudeep Jain, Managing Director, South West Asia, IHG Hotels & Resorts said, “We are thrilled to partner with Adyar Gate Hotels to introduce the InterContinental brand to the enchanting destination of Kodaikanal, which also marks our second InterContinental branded hotel with them. With its unique blend of nature, heritage, and cultural richness, Kodaikanal has become a sought-after destination for discerning travelers seeking luxury and leisure escapes, making it an ideal location for our luxury portfolio expansion in India. We look forward to offering our guests a truly immersive experience in one of South India's most captivating hill stations.”

He added, “With travelers seeking quality accommodations in serene and picturesque destinations, the InterContinental Kodaikanal Resort will cater to the evolving preferences of our guests and is poised to set new benchmarks in the city for luxury and elevated hospitality experiences.”

Manish Goyal, Managing Director, Adyar Gate Hotels added, “We are pleased to collaborate again with IHG Hotels & Resorts to bring the InterContinental brand to Kodaikanal. Known as the world's first and largest luxury hotel brand, InterContinental is the perfect fit for Kodaikanal’s growing profile as a premier destination for affluent travelers from Karnataka, Telangana, Mumbai, Chennai and beyond. With the resort’s prime location, exceptional amenities, and IHG’s global standards, we are confident that InterContinental Kodaikanal Resort will redefine luxury hospitality in the region and become a preferred choice for travelers seeking a unique blend of elegance and breathtaking beauty’

IHG® currently has 46 hotels operating across five brands in India, including Six Senses, InterContinental Hotels and Resorts®, Crowne Plaza®, Holiday Inn Resort® and Holiday Inn Express®, and a strong pipeline of 58 hotels due to open in the next 3-5 years.

NOESIS SUCCESSFULLY FACILITATES THREE HOTEL TRANSACTIONS FOR GINGER HOTELS

NOESIS Capital Advisors, India’s leading hotel investment advisory firm in the last 2 quarters, has successfully facilitated three hotel transactions in Mumbai, Dehradun, and Agra for GINGER Hotels, an IHCL Brands. NOESIS functioned as an exclusive transaction manager for these transactions from asset identification to contract negotiations and signing. 

Mumbai Hotel consists of 104 keys strategically located near Bombay Exhibition Centre, Goregaon. This hotel is a part of a mix-use development, scheduled to be operational by June 2022. This hotel inventory will be a big relief for exhibitors, and corporate houses within Goregaon & Malad micro markets due to limited branded hotel room supply.

Dehradun Hotel consists of 72 keys strategically located on Rajpur road. This hotel is going to be a GINGER lean luxe product, as they are part of this hotel from the planning stage. Delhi-Dehradun Economic corridor is going to improve the connectivity in the region. NOESIS negotiated a 30-year long-term lease right on the hotel for GINGER.

Agra Hotel consists of 75 keys strategically located on Fatehabad Road within 10 minutes’ drive from the iconic Taj Mahal. NOESIS negotiated 29 years & 11 months of long-term lease rights on the hotel of GINGER.

IHCL is one of NOESIS's premier clients and is quite diverse in its offering from luxury to economy segments. We wish them success with their upcoming projects and for FY22-23. 

“It has been a pleasure for the NOESIS transaction management team to represent GINGER Hotels for three consecutive transactions in Maharashtra, Uttarakhand & Uttar Pradesh. We are excited to share our vision in advising them on many more potential partnerships soon. It has been our endeavour to use our in-depth industry knowledge, hotel development & transaction completion skills in the interest of a long-term sustainable transaction. Said Nandivardhan Jain, Chief Executive Officer, NOESIS.

FY21-22 has been a brilliant fiscal year for NOESIS where we have successfully completed 100+ plus assignments ranging from Feasibility and Valuation Reports, Operator Search, Debt Syndication, Hotel buy/sell advisory, and Hotel operating company’s portfolio sale transactions. Out of these successfully completed assignments, 23 were for hotels on a variable lease/revenue share model.

Noesis is currently mandated for more than 19557 Keys for operator search and contract negotiation assignment on the franchise, management contract, and lease cum revenue sharing. Noesis is also working on a buy-side mandate for the Indian family offices, Sovereign wealth, and special situation funds to invest 3 billion dollars in distressed hospitality assets, hospitality M&A transactions, and ultra-luxury leisure and wellness assets across Asia.”

On this occasion, Mr. Puran Dawar owner of the upcoming Hotel Ginger, Agra, and Chairman of Dawar Industries, which is India’s leading footwear manufacturer and export house, said “This will be our third hospitality project in the city of Agra. We are quite bullish on Agra's market potential. In the last couple of years, Agra’s connectivity with the key cities has improved due to state-of-the-art infrastructure development. The state government's multiple initiatives to boost Agra tourism from domestic to global platforms, pro-business industrial policies and ambitious projects like the defence corridor encouraged us to invest in the Agra hospitality market. We are grateful to team NOESIS for their professional services from feasibility reports to operator selection to contract negotiation. We appreciate their valuable time-to-time input into our hospitality portfolio and their in-depth industry knowledge and expertise in hotel transactions.

About Noesis Capital Advisors:

Since its inception, Noesis Capital Advisors has provided consultancy and advisory services to more than 2100 plus hotel owners, hotel operating companies, hotel investors, and financial institutions. Its reach is in more than 60 cities of South Asia where it is servicing 68 international, national and regional hotel brands across various hotel formats ranging from ultra-luxury to economy segments. Integrated professional services like Feasibility & Valuation Study, Asset Management, Transaction Management, Debt Syndication, and Private Equity, are some of the services provided by the firm

Starting in 2009, Noesis Capital Advisors has created a niche for itself in hotels-specific real estate, with its client-focused advisory approach. Their professional and expertise-driven services have been widely sought by International and National hotel chains, Real Estate & hospitality funds, and National Developers. The firm has a diverse talent pool of professionals who have a firm grasp on the pulse of local Indian market trends with first-hand experience at the grass-root level.

With a vast range of clients, Noesis Advisors specialize in Mid-market to luxury hotels, hotels in mixed-use developments, serviced apartments, and all kind of resorts. With a broad as well as a specific approach towards hotel real estate consultancy, services differ as per clients. For hotel chains, Noesis provides strategic consulting and research, with project, property, and portfolio management. For hotel developers, consultation is more specific to auctions, capital markets, and project management. Hotel investors on the other hand are offered corporate finance, capital placement, investment sales, and valuation advisory services.

NEWS | Top celebrity chefs joins OneRare, the world’s first Food metaverse

Arnold Poernomo, Saransh Goila, & Jaimie Van Heije

Top celebrity chefs joins OneRare, the world’s first Food metaverse

New Delhi,November, 2021- OneRare, the first-ever project to build a metaverse for food, gaming, and NFTs on the blockchain ecosystem have announced their collaboration with top celebrity Chefs Arnold Poernomo, Saransh Goila & Jaimie Van Heije. 

With this collaboration, OneRare’s revolutionary concept of the world’s first Food Metaverse on the blockchain has caught the eye of foodies around the world. OneRare will be tokenizing the Chefs’ signature dishes as NFTs, and players will be able to claim these special artworks by collecting ingredients and playing the game. 

Supreet Raju, Co-founder, OneRare said on the collaboration "We are very excited to collaborate with the best forces in the Food & Beverage industry celebrity Chef Arnold Poernomo, Chef Saransh Goila, and Chef Jaimie Van Heije.  We would like to expand the idea of Foodverse with the help of these pioneers and celebrate their culinary journey as NFTs in the foodverse at a Global scale.

With the rapidly growing reach of the blockchain, the Chefs will get to interact with international audiences for the first time and introduce them to exciting culinary concepts from their part of the world. 

With the recent successful fundraise of $2M from notable angels & the biggest funds in crypto, OneRare is now ready to grow their Foodverse. OneRare’s engaging gameplay brings the global F&B industry onto the blockchain for the first time, and keeping in mind the global appeal of Food, the project is striving to partner with top chefs from various countries to celebrate culinary delights from every corner of the world.

Speaking about the collaboration- Chef Arnold Poernomo said, “The success to my passion for the food industry & is now making his way to the blockchain to explore the new realms of Food. “Food brings people together. Combined with metaverse and Onerare, the possibilities are endless and for sure delicious”. 

Sharing his thoughts on the collaboration, Chef Saransh Golia said, “From being a chef in my home kitchen to teaching and creating recipes virtually I've learned that food really has no boundaries. Super excited to explore this new chapter of food in the metaverse by OneRare. The fact that you can create your favourite recipes in the metaverse and own dish NFTs is fascinating for me. I'm really looking forward to showcasing my favourite dishes on OneRare, and hoping to make the metaverse a delicious space. 

Sharing his thoughts, Chef Jaimie Van Heije said, “I love to create the best dishes out of nearly nothing. “I’m very in love with the idea of OneRare, like there is a connection in my restaurant with the food and the client. There is also a connection between crypto, the food, and the beverage sector. I truly love the idea and I can’t wait to play!”

Distant from the regular noise with a completely different dimension, OneRare is penetrating the blockchain metaverse and it is poised to be a major milestone in this sphere. The project is leveraging the increasing number of GameFi buffs and a growing community of food lovers spread across various parts of the globe to redefine the concept of an existing virtual realm.

With OneRare, the blockchain metaverse will cater to global audiences as food mavens will have an opportunity to come into the Foodverse and monetize it while exploring it to the fullest. Foodies can farm for ingredients, trade them at the Farmer’s Market, or head to the Kitchen to claim Dishes. The Foodverse also features a Playground where users can use their NFTs to battle in mini-games.