Investment Commitment

India Hospitality Corp.
03 December 2007


For Immediate Release                                            3 December 2007



                            India Hospitality Corp.


India Hospitality Corp. Announces US $75 Million Investment Commitment from
Navis Capital Partners and Hayground Cove Asset Management


New York, NY - December 3, 2007 - India Hospitality Corp. (LSE: IHC, IHC or
India Hospitality), today announced that its controlling shareholders, Navis
Capital Partners and Hayground Cove Asset Management, have committed to invest
an aggregate of an additional US $75 million in the company.


'Given IHC's strong capital structure and cash position, combined with strategic
commitments from Hayground Cove and Navis, IHC is now very well positioned to
capitalize on the wealth of opportunities India's hospitality and travel sectors
provide,' said Jason Ader, Chairman of India Hospitality Corp. and CEO of
Hayground Cove.


Reaffirming their commitment to IHC and their enthusiasm for these growth
opportunities, executives from Navis and Hayground Cove will play increasingly
active roles at the Board and operating company level. Further strengthening the
working partnership, the Company announced that IHC's Board of Directors
approved the appointment of current director and interim Chief Executive Officer
Richard Foyston, a founder and Managing Director of Navis, as IHC's Deputy
Chairman.


Foyston added, 'We are fully confident in the Company and believe that it is
uniquely positioned to become a leader in the rapidly growing Indian hospitality
marketplace.  We are pleased to invest further in IHC and share in what we
believe will be its many successes going forward. We are pleased to be making
this investment together with our partners at Hayground Cove.'


The investment from Navis and Hayground Cove comes approximately four months
after the closing of IHC's acquisition of Navis-owned Mars Restaurants Private
Limited and SkyGourmet Catering Private Limited for US $110 million, in which
Navis had retained an option to invest up to US $75 million back into India
Hospitality.  The revised terms of the option allow both sponsors to invest US
$75 million in IHC but now as a staged investment which more closely matches the
Company's need for capital.  Hayground Cove and Navis will acquire units (of one
ordinary share and two warrants) for an immediate equity investment of US
$28,125,000.  With the warrant exercise, the total investment will equal US $75
million.  The purchased units will be subject to a one-year lockup agreement
from the date of issuance.  With the completion of the investment, Navis and
Hayground Cove will collectively own approximately 15.5 million shares in India
Hospitality, representing 53% of the basic shares outstanding before the
exercise of warrants.


In view of its reinvestment, Hayground Cove's commitment to exercise up to
4,000,000 warrants representing $20,000,000, as represented in the proxy
statement relating to the acquisition of SkyGourmet and Mars Restaurants, is no
longer required and has been terminated.


About India Hospitality Corp.


IHC was created as a blank-check company to acquire Indian businesses or assets
in the hospitality, leisure, tourism, travel and related industries, including
but not limited to hotels, resorts, timeshares, serviced apartments and
restaurants.


In August 2006, IHC raised US $103 million in an IPO and private placement and
is listed on AIM, a market operated by London Stock Exchange plc, under the
ticker IHC.  IHC was sponsored and advised by Hayground Cove Asset Management
LLC, a New York-based investment management firm with approximately US $1.9
billion in assets under management as of July 31, 2007.


In July 2007, IHC closed on the acquisition from Navis Capital Partners and its
Affiliates of India-based Mars Restaurants Private Limited ('Mars'), an emerging
hotel and restaurant company, and SkyGourmet Catering Private Limited
('SkyGourmet'), an airline catering company operating out of four locations in
India and 1,700 employees.


About Mars and SkyGourmet


Since its incorporation in 2000, Mars has diversified into bakery outlets and
operating and managing food courts and hotels. SkyGourmet was incorporated in
2002 and is headquartered in Mumbai. SkyGourmet currently provides in-flight
catering services to a number of domestic and international airlines, including
Jet Airways, Kingfisher Airlines, Air India Express, Indian Airlines, Malaysian
Airlines and Air France. It has operations in Mumbai, Bangalore, New Delhi and
Pune.


For further information, please contact:


Investor Relations Contact: ICR Inc.
William Schmitt
203-682-8200


Media Contact: Buchanan Communications
Richard Darby, Isabel Podda
[phone]


Nominated Adviser and Broker: Deutsche Bank
Mumtaz Naseem
[phone]


Deutsche Bank is IHC's nominated adviser and broker for the purposes of the AIM
Rules for Companies. Its responsibilities as IHC's nominated adviser and broker
under the AIM Rules for Nominated Advisers are owed solely to London Stock
Exchange plc and not to IHC, any director of IHC or any other person.


No offer or invitation to purchase or subscribe for ordinary shares in or
warrants to purchase or subscribe for ordinary shares or warrants of IHC is
being made by this announcement.


                      This information is provided by RNS
            The company news service from the London Stock Exchange