New Delhi, March 3: Hospitality service provider Praveg Ltd announced on Monday its strategic partnership with Indian Hotels Company Ltd (IHCL), India's premier hospitality brand, to manage its upscale resort located on the picturesque Bangaram Island in Lakshadweep.
Under this partnership, IHCL will exclusively handle the management and operations of Praveg Ltd’s luxury property, 'Praveg Atoll', which will now operate under IHCL’s premium hospitality brand, SeleQtions, as per the company's regulatory filing.
A Vision for Sustainability and Luxury Hospitality
Commenting on the collaboration, Praveg Ltd Chairman Vishnukumar Patel emphasized the strategic alignment between the two companies, stating, “IHCL’s expertise in managing luxury resorts and its commitment to sustainability align perfectly with our vision for this island paradise. This partnership will ensure that guests experience the very best in hospitality, while preserving the natural beauty of the island for future generations.”Enhanced Guest Experiences with IHCL's Expertise
IHCL will take complete operational control of the resort, managing day-to-day operations and incorporating its hallmark personalized services. Guests at the Praveg Atoll can expect world-class hospitality featuring gourmet dining, luxurious spa experiences, and exclusive recreational activities carefully designed to enrich their stay.Boost in Occupancy and Global Appeal
The partnership with IHCL is also strategically positioned to significantly boost the resort’s occupancy rates through IHCL's expansive global marketing network and robust brand presence. Additionally, the SeleQtions branding and IHCL's popular loyalty programs are expected to attract upscale travelers, further elevating the resort's overall market appeal.This collaboration represents a significant milestone in Praveg Ltd’s strategic expansion within India's luxury hospitality market, reinforcing its commitment to premium experiences and sustainable tourism practices.