India Hospitality Corp. Announces New CEO and COO

India Hospitality Corp. Announces New CEO and COO

                      Company Makes Warranty Claims

LONDON, Dec. 24 -- India Hospitality Corp. (LSE: IHC or India Hospitality 
or the "Company") announced today that its Board of Directors has 
appointed Ravi Deol as the Company's new Chief Executive Officer and Mr. 
Sandeep Vyas as the new Chief Operating Officer.  Mr. Deol will replace 
Richard Foyston, formerly IHC's interim CEO.  In addition, Raghavendra 
Agarwal, previously Senior Vice President of Finance for Mars Restaurants 
Private Limited, has been promoted to Corporate Financial Controller for 
IHC, and Tim McKinlay is no longer the Company's interim Chief Financial 
Officer.

India Hospitality believes that the current managerial restructuring 
provides a long-term management solution for the Company.  The composition 
of IHC's Board, including Mr. Foyston as Vice Chairman, remains unchanged. 

Mr. Deol has received a mandate from IHC's Board of Directors, as the 
Company's new CEO, to lead its efforts of sourcing and reinforcing its 
capital structure in order to continue to fund the Company's growth 
initiatives and ongoing operations. 

"Despite the challenges in this current economic environment, we believe 
that India is and will remain a global hub for hospitality and consumer 
activity in the years to come," said Mr. Deol.  

About Ravi Deol and Sandeep Vyas
Ravi Deol, a well-known entrepreneur, has pioneered several consumer 
ventures, including founding Barista, India's first indigenous coffee 
retail chain, which revolutionized lifestyle-driven high street 
consumption. He was the architect and CEO of the Bharti Wal-Mart joint 
venture, which marked Bharti's entry into the retail sector. 

Sandeep Vyas was the co-founder and executive vice-president of Barista 
Coffee and has held several leadership positions in the consumer and 
hospitality industries.  Recently, as the director of worldwide operations 
for Yum! Brands International's Pizza Hut, he led the global repositioning 
of the Pizza Hut dine-in brand.  Previously, as the head of operations for 
Yum! Brands' strategic business unit in India, Mr. Vyas led the re-entry 
of Yum! Brands' KFC business in that market.

Warranty Claims
In July 2007, the Company acquired Mars Restaurants Private Limited and 
SkyGourmet Private Limited from affiliates of Navis Capital Partners and 
certain private shareholders (the "Sellers") pursuant to a share purchase 
agreement that contained certain representations, warranties and covenants 
given by the Sellers.

On December 22, 2008, the Company initiated a claim for indemnification 
against the Sellers relating to certain alleged misrepresentations and 
breaches of warranties of the Sellers contained in the share purchase 
agreement and the alleged failure of the Sellers to perform certain 
covenants or agreements contained therein.  In connection with its claim, 
the Company has made a claim against an escrow account established at the 
time of the completion of the sale containing approximately US$10.0 
million to at least partly satisfy the amounts claimed, which the Company 
believes in the aggregate are in excess of US$15.0 million.  A further 
update on the claim will be provided in due course.

About India Hospitality Corp.
India Hospitality Corp. (IHC) is a diversified pan-Indian hospitality and 
leisure company.  In July 2007, IHC closed on the acquisition from Navis 
Capital Partners and its Affiliates of India-based Mars Restaurants 
Private Limited, an emerging hotel and restaurant company, and SkyGourmet 
Catering Private Limited, an airline catering company with 1,700 employees 
operating out of four locations in India.

Deutsche Bank AG 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.

Source:   India Hospitality Corp.

CONTACT:  Media: Harsh Wardhan, Mutual Image & Events Management Pvt. 
Ltd., [phone]; Investor Relations:  William Schmitt, ICR Inc.,
[phone]; Nominated Adviser and Broker:  Mumtaz Naseem, Deutsche 
Bank, [phone]