Lifestyle focused midsegment international hotel chain Ibis, a part of the French hospitality major AccorGroup and a joint venture with InterglobeHotels, will be investing over Rs.500 cr to add four more properties offering 685 keys 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 20properties in 13 cities- three of them in the megapolis alone- in the country. The JV has invested over Rs.2,700 cr since it began operations in 2008 with the maiden property in Gurugram.

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