Kolkata/IBNS, June 27 -- IHG Hotels & Resorts has announced the opening of its second Holiday Inn Express hotel in Kolkata's New Town at an investment of Rs 40 crore, further expanding its footprint in India.

Sudeep Jain, Managing Director, South West Asia, IHG Hotels & Resorts, and Ashish Jakhanwala, Chairman, Managing Director & CEO of SAMHI Hotels, announced the launch at a roundtable here on Thursday.

Holiday Inn Express is IHG's largest and fastest-growing brand worldwide, with over 3,200 hotels open and 644 more on the way, they said.

Kolkata's revival and investment potential

IHG's leadership believes Kolkata, as a key gateway to East and Northeast India, offers stable hotel performance and consistent growth trends, even if it ...