Indian Hotels Co. Ltd., a unit of the salt-to-software conglomerate Tata Group, has sketched up an Rs 2,100-crore capex plan. During the annual general meeting, the company revealed its plan to invest Rs 1,500 crore over the next three years to add about 1,900 rooms in the five-star and luxury category and Rs 600 crore to add about
4,000 rooms in the premium and budget segments.

The company has picked hotel locations in Mumbai, Hyderabad, Bangalore and Noida. Further it also plans to renovate and refurbish existing properties and the food and beverage division.

The company claims that after the expansion, its 147 hotels will have 20,000 rooms. The project is expected to be completed in the next 36-48 months.

Indian Hotels currently has 88 hotels - 72 in India and 16 overseas - having a total 10,500-room capacity. The company is expected to hike its room tariffs by 10-15% from September 1.