Ibis to invest over Rs 500 cr to add 685 keys across 4 hotels by FY24

Ibis, which last week opened its 20th property in the country at Vikroli in Mumbai offering 249 keys making it the largest, operates 3,808 rooms across 20 properties in 13 cities -- three of them in the megapolis alone -- in the country. The JV has invested over Rs 2,700 crore since it began operations in 2008 with the maiden property in Gurugram.

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