The IHCL said it has a special relationship with Goa since 1974 when Taj Fort Aguada Resort iamp; Spa, India's first beach resort opened its doors and firmly established Goa on the global map.
"Iconic properties like Cidade de Goa under a management contract with Fomento Resorts and Hotels Ltd., promoted by the illustrious Timblo family will further strengthen IHCL's position as the most iconic and profitable hospitality company," Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said in the statement.
The Fomento Group are the promoters of Cidade de Goa.
Anju Timblo, Managing Director, Fomento Resorts and Hotels Ltd, said: "We are very excited with our partnership with IHCL, with its highly recognized portfolio of brands. With this association, Cidade de Goa and the new development will achieve its full potential and pave the way for a successful and mutually beneficial collaboration for many years to come. Together with IHCL, we look forward to promoting the 'Goanness' of Goa."
Designed by renowned architect late Charles Correa, Cidade de Goa, known for incorporation of local design and style blended with Iberian flair, is located at the Vanguinim beach in North Goa.