Page 10 - Itc Hotels
40 new hotels, 5,000 rooms: ITC strategy to strengthen hospitality business
Diversified firm ITC plans to open 40 new hotels, adding around 5,000 rooms over a period of time, as part of the strategy to strengthen its hospitality business, according to a senior company official. It is working on opening 10 new hotels in the next three- and-half years under its ongoing expansion programme across different verticals entailing overall investment of Rs 25,000 crore, ITC CEO & Executive Director Sanjiv Puri said. ITC's hospitality chain has nearly 100 properties under four brands -- ITC Hotels, WelcomHotel, Fortune and WelcomHeritage -- across 70 locations with around 9,000 rooms. "A total of 40 new hotels which will add around 5,000 rooms are in the pipeline," said another senior company official. These will include both company-owned as well as managed hotels, the official said without sharing a timeline for all of the new properties to become operational. In the near-term, however, Puri said, ITC has 10 new hotels in various stages of ..
ITC to set up 'My Fortune' hotel in Andhra's Guntur
It is expected to commence operations in 2019 & is aimed at attracting high end business travellers.
 "ITC to set up 'My Fortune' hotel in Andhra's Guntur")
ITC renews 40-year partnership with Starwood Hotels
The contract is under Sheraton brand
 "ITC renews 40-year partnership with Starwood Hotels")