InterGlobe Hotels is a joint venture between InterGlobe Enterprises Private Limited and Accor Asia Pacific. It was established in 2004 to develop a network of 'ibis' hotels throughout India, Nepal, Sri Lanka and Bangladesh. This joint venture is one of the most noteworthy financial commitments made to the mid-market hotel segment in India by any Indian corporate entity and international hotel chain. With 21 hotels currently open and 2 under development, the company aims to have a portfolio of 23 operational hotels with a room inventory of more than 4,000 rooms by 2025. By challenging conventional thinking and industry norms, IGH devises creative processes and new implementation methods to bring about operational excellence in their performance. The company is also a two-time recipient of the Golden Peacock Award for Risk Management.